The Nigerian Upstream Petroleum Regulatory Commission has revealed that the 2024 oil block bid will not include firms and investors without financial capacity and technical competence. The Chief Executive Officer of NUPRC, Gbenga Komolafe, disclosed this at the 2024 pre-bid…
The House of Representatives on Wednesday resolved to investigate ongoing assets divestment by international oil companies operating in the Niger Delta region of the country. This is to ascertain the level of compliance with the decommissioning and abandonment guidelines of…
The Chief Executive of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, has assured prospective investors interested in participating in the country’s oil rounds of a conducive environment to conduct their business. Komolafe made this assertion at the…
The Nigerian Upstream Petroleum Regulatory Commission has announced the commencement of the bidding process for 12 oil blocks recently listed for sale. It also signals the start of the 2024 Nigeria Petroleum Licensing Round and the resumption of the 2022/2023…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has pledged the country’s commitment to break all entry barriers for would-be investors. The Commission Chief Executive, NUPRC, Mr Gbenga Komolafe gave the assurance during the opening of the Nigerian Pavilion at the…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the Shell Petroleum Development Company of Nigeria Limited (SPDC) assets being considered for divestments have an estimated reserve of 4.96 billion barrels of oil. The Commission Chief Executive of NUPRC, Mr Gbenga…
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has developed a divestment framework to guide the assessment of applications for ministerial consent to the Shell Petroleum Development Company of Nigeria Ltd. (SPDC) divestment. The NUPRC said the framework with seven cardinal pillars…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over the weekend confirmed the data from the Organisation of Petroleum Exporting Countries (OPEC), which revealed a decline in Nigeria’s oil production for the second consecutive month this year. Data on crude drilling…
By Matthew Denis The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has distanced itself from a report published by a national newspaper (not NewsDirect) alleging non-remittance into the federation account as baseless. This is contained in a statement signed by Head…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has inaugurated the Host Community Development and Administration Trust Board of Trustees (BOT) Forum. The exercise held at the Commission’s headquarters in Abuja and was witnessed by top management staff of the Commission,…
