The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday announced that it had acquired additional data on the oil assets up for sale and was making available an extra 17 deep offshore oil assets for bids.
In May, the commission invited investors to bid for 12 oil blocks and seven deep offshore assets in the 2024 marginal licencing round. In an update on the latest licencing round, the Gbenga Komolafe-led organisation stated that it had extended the date for pre-qualification from June 25 to July 5 this year.
“Furthermore, in pursuit of the commission’s commitment to derive value from the country’s abundant oil and gas reserves and increase production, the commission has been working assiduously with multi-client companies to undertake more exploratory activities to acquire more data to foster and encourage further investment in the Nigerian upstream sector.”
“As a result of additional data acquired in respect of deep offshore blocks, the commission has added 17 deep offshore blocks to the 2024 licencing round. Further details on the blocks can be found on the bid portal,” it said.
It recalled that some deep offshore blocks were offered for the 2022/23 mini bid round and other blocks which cut across onshore, continental shelf and deep offshore terrains were also offered for the Nigeria 2024 licencing round.
