June 22, 2024
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Nigeria: Local Firms, IOCs Battle for 19 Oil Blocks

Nigerian local firms and international oil companies are battling for Nigeria’s twelve onshore and Seven Deep Offshore oil blocks. The Chief Executive Office of Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Engr Gbenga Komolafe, made this revelation in a statement to Vanguard at the ongoing Offshore Technology Conference, OTC 2024, in the United States of America.

The government’s interest in OTC 2024 will attract potential investors to an avalanche of opportunities in Nigeria’s oil sector, Komolafe noted.

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“Our mission at the OTC is to leverage one of the largest oil and gas events globally to showcase the huge hydrocarbon potentials and investment opportunities in Nigeria and, in a similar manner, canvass the participation of financially and technically capable players in the deep offshore to participate at the Nigerian 2024 licensing round for overwhelming success of the important exercise.’ He stated.

The Nigerian government had announced twelve Petroleum Prospecting Leases, PPLs including 300, 301, 3008, 3009, 2000, 2001, 267, 268, 269, 270, 271 and Petroleum Mining Lease, PML 51, while the Deep Offshore Blocks, PPLs are 300, 301, 302, 303, 304, 305 and 306.

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