Oil Block Licensing Round: NUPRC Extends Deadline For Submission Of Pre-Qualification Documents

By Sunday Etuka, Abuja

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the extension of deadline for the registration/submission of pre-qualification documents for the 2024 oil block licensing round.

Related Articles

Commission Chief Executive (CCE), Engr. Gbenga Komolafe announced this development in a statement on Tuesday.

He said, the registration/submission of pre-qualification documents which was initially scheduled to close on 25 June 2024 has been extended by 10 days and will now close on 5 July 2024.

- Advertisement -

Engr. Komolafe also announced that
data access/ data purchase/ evaluation/ bid preparation and submission which was initially scheduled to open on 4 July 2024 and close on 29/11/24 will now start on 8 July 2024 and close on 29/11/24 as previously scheduled.

He, however, informed that all other dates in the published 2024 Licencing Round Schedule remain the same unless otherwise communicated.

The NUPRC boss said, 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 multiclient companies to undertake more exploratory activities to acquire more data to foster and encourage further investment in the Nigerian upstream sector.

He said, as a result of additional data acquired in respect of deep offshore blocks, the Commission has added seventeen (17) deep offshore blocks to the 2024 Licensing Round, adding that further details on the blocks could be found on the bid portal.

Lastly, he said, “in accordance with the published guidelines, we had earlier indicated that some of the assets on offer should be applied for as clusters, namely: PPL 300-CS & PPL 301-CS, PPL 2000 and PPL 2001.

“Bidders are hereby advised that they may, at their option, bid for those blocks as clusters or as single units”, he said.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button