Petroleum Engineers Task FG, Oil License Winners to Translate New 37 Blocks to Economic Opportunities
Peter Uzoho and Oluchi Chibuzo
The Society of Petroleum of Engineers (SPE) Nigeria Council has urged the federal government and the new oil and gas block awardees to translate the 37 assets into economic opportunities for the country
The group called on the new license owners to leverage technology and smart funds while aligning with regulators, operators, service providers, technology developers, and financial institutions to drive down unit operating costs, de-risk investments, and unlock capital.
Chairman of SPE Nigeria Council, Mr. Francis Nwaochei, made the calls yesterday in Lagos at a press conference heralding the 49th Nigeria Annual International Conference (NAICE 2026).
