May 21, 2024
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OIL & GAS

NUPRC Announces the Next Stage on Gas Commercialisation program

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) said it has concluded qualifying the bidders who applied for the Nigerian Gas Flare commercialization Programme (NGFCP) 2022.

According to statement signed by the Chief Executive of the Commission, Mr Gbenga Komolafe, the commission had received 300 bidders for the scheme where 139 business entities qualified for the next round of the program. The statement reads “NUPRC is pleased to notify all interested parties, registered parties, the investor community, and the general public of the conclusion of the Request for Qualification (RFQ) phase of the Nigerian Gas Flare Commercialization Programme (NGFCP) 2022 in line with the accelerated delivery schedule.

“You may recall that in furtherance to the Petroleum Industry Act 2021 (PIA), the NGFCP was restructured for enhanced value to investors, following in-depth assessment of current industry gas flaring situation and prevailing operational realities, coupled with changes in the socio-economic landscape since the NGFCP was initially conceived,” it noted.

“Following successful conclusion of the SOQ evaluation exercise conducted by the Bid Evaluation Team (BET), a total of 139 applicants were deemed successful and awarded the qualified applicant status in line with the provisions of the RFQ,” the commission added.

Mr. Komolafe further congratulated the successful applicant and enjoin them to follow through with the subsequent stages of the programme towards becoming a permit holder/flare gas Buyer in line with the applicable statutes.

He finally called on all the qualified applicants to await further communications via their respective contact addresses and the NGFCP portal (ngfcp.nuprc.gov.ng) accordingly.

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