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ARTICLE · 14 MAY 2024

TEMPLARS Transcripts: Energy & Natural Resources Digest

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The Nigerian Upstream Petroleum Regulatory Commission ("NUPRC") has initiated the 2024 oilfield bid rounds, which encompass twelve (12) oil blocks consisting of six (6)...

GlobalEnergy and Natural Resources
Dayo Okusami
Dayo Okusami
Yemisi Awonuga
Yemisi Awonuga
Desmond Ogba
Desmond Ogba
Sarpong K. Odame
Sarpong K. Odame

Nigeria

Oil and Gas

  • NUPRC Commences Fresh Oilfields Bid Rounds

    The Nigerian Upstream Petroleum Regulatory Commission (“NUPRC”) has initiated the 2024 oilfield bid rounds, which encompass twelve (12) oil blocks consisting of six (6) on the continental shelf, four (4) deep offshore blocks, and two (2) onshore blocks in the Niger Delta. The NUPRC has announced that the bidding process will be completed by January 2025.

    The NUPRC has assured that the licensing round will be conducted through a fair and competitive bidding process without discrimination, highlighting that the criteria for acquiring the blocks include technical competence, financial capacity, and overall viability.

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