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

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

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 prosp…

NUPRC issues petroleum prospecting licences to 12 firms

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has executed concession contracts and commenced the issuance of 19 Petroleum Prospecting Licences (PPLs) to successful bidders in the 2024 Licensing Round. The exercise, conducted on the sidelines of the Nigeria Oil and Gas (NOG) Energy Week 2026 on Wednesday in Abuja, covered 12 awardees across deep offshore, … The post NUPRC issues petroleum prospecting licences to 12 firms appeared…