The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2024 Nigeria Petroleum Licensing Round and the resumption of 2022/2023 with 12 oil blocks for offer.
This was disclosed in a statement by Gbenga Komolafe, the commission’s chief executive, issued in Abuja.
According to Komolafe, the new twelve (12) blocks cut across deep offshore, shallow water, and onshore terrains.
He said that it is now available to interested investors.
Komolafe words:
The commission boss explained that the licensing round represents a key milestone in our dedication to sustainable growth and innovation in the energy sector. It offers economic opportunities for investment to stimulate new exploration and development activities within our petroleum landscape.
He added that the 2024 Licensing Round presents an opportunity for domestic and international stakeholders to explore and develop Nigeria’s hydrocarbon resources.
Regarding the offer of 12 blocks, he noted that, in line with the licensing round’s objectives, the offer includes a diverse range of exploration prospects and discoveries with varying technical and operational preferences, Punch reports.
Komolafe added:
Komolafe also noted that the 2024 licensing Round is the second in a series of bid rounds and will be managed by NUPRC under the Petroleum Industry Act 2021 (PIA) provisions.
In a related development, TimesNow.com.ng reported that the Nigerian National Petroleum Company (NNPC) and Natural Limited Oilfield Services have begun oil production in a new well.
The NNPC stated that the new oil well, OML 13 in Akwa Ibom State, is expected to produce 40,000 barrels per day.
The company said the NNPC and its partners have already commenced the production of 6,000 barrels at the OML.
Source: TimesNow.com.ng
