2024 Bid Round: NUPRC hands oil prospecting licences to 12 firms

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2024 Bid Round: NUPRC hands oil prospecting licences to 12 firms

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The Nigerian Upstream Petroleum Regulatory Commission issued 19 Petroleum Prospecting Licences to 12 companies during the 2024 bid round. This move aims to attract new investments in Nigeria's upstream petroleum sector, bolstering exploration activities.

By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has formally presented Petroleum Prospecting Licences (PPLs) to successful bidders in the 2024 oil licensing round, issuing 19 prospecting licences to 12 companies as part of efforts to attract fresh investment into Nigeria’s upstream petroleum sector. The concession contracts and licences were presented during […] The post 2024 Bid Round: NUPRC hands oil prospecting licences to 12 firms appeared first on Vanguard News.

Politics Markets Deals Commodities Energy NUPRC oil licensing Petroleum Prospecting Licences Nigeria upstream petroleum investment

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