Nigeria begins allocation of new oil blocks
The commission said the 2024 block licensing round would last for approximately nine months.
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The commission said the 2024 block licensing round would last for approximately nine months.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commenced the 2022 mini-bid round process in accordance with the Petroleum Industry Act (PIA), 2021.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is planning to hold a mini-bid round for seven offshore blocks in order to spur new exploration and drilling activities in the country's deep waters.
On behalf of the Federal Government of Nigeria, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the Mini Bid Round 2022. The Mini Bid Round is an opportunity to spur new exploration and drilling activities in the prospective deep waters offshore Nigeria.
In the 2022 Mini-Bid Round, seven offshore blocks covering 6,700 km2 in water depths of 1,150m to 3,100m is being put on offer.