April 17, 2024
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OIL & GAS

NUPRC to commence 2022 Mini Bid Round for prospective deep water offshore

The NUPRC has announced the commencement of 2022 mini bid round to spur new exploration and drilling activities in the prospective deep water offshore in Nigeria.

In a statement signed by the Chief Executive of the commission Engr. Gbenga Komolafe, the aim of the exercise is to further develop the deep offshore acreages in line with the petroleum Industry Act 2021 with its legal and regulatory framework that seeks to encourage new investors and investment in to the next phase of exploration.

According to the statement, ‘‘The national Data Repository of NUPRC and our multi-client partners are delighted and ready to support the Mini Bid Round underpinned by high quality database. The blocks have extensive 2D and 3D seismic data coverage including multi beam and analog data. Additionally, a remarkable quality, 3D MegaSurveyPlus reprocessed Pre stock Time Migration (completed October, 2022) with angle stock and gathers is also available to prospective bidders. Link to all data can be accessed via a dedicative NUPRC Portal’’

He added that the Mini Bid Round is a market driven program that allow transparency and ensure competitive procurement aim at attracting competent third party investors from anywhere in the world with proven capabilities and proficiency in operating deep water environment.

In this 2022 Mini Bid Round, a total of seven (7) offshore blocks were put on offer. Its success will ensure that all stakeholders gain value from the country’s resources.

Engr. komolafe further stated that a pre bid conference is scheduled for 16th January,2023 at Eko Hotel in Lagos to provide applicants with avenue to brainstorm on the process and requirement for their prequalification application submission by 31st January, 2023

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