NUPRC charges new petroleum licence holders from the 2022/2023 Mini Bid Round and 2024 Licensing Round to rapidly develop assets to meet oil targets.

By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has urged newly awarded holders of Petroleum Prospecting Licences (PPLs) to fast-track the…

At PPL Signing Event, NUPRC Urges Awardees to Fast-track Oil Sector Investment

NUPRC charges new petroleum licence holders from the 2022/2023 Mini Bid Round and 2024 Licensing Round to rapidly develop assets to meet oil targets.

The commission said the commercial evaluation would be based on key bid parameters, including the signature bonus, work programme commitment and commitment to performance security.

143 firms are set to compete for 50 oil blocks in Nigeria's 2025 licensing round. Discover how the NUPRC will evaluate bids for these crucial oil blocks.