The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s oil and condensate reserves as at Jan. 1, stands at 36.966 billion barrels. This represents 31.060 billion barrels for oil and 5.906 billion barrels for condensate. The Commission’s Chief Executive,…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given operators of the Oil Mining Lease 42 (OML 42) two weeks ultimatum to resolve the Host Communities Development Trust (HCDT) issues. NUPRC said if the oil operators failed to comply with…
President Muhammadu Buhari has approved the amendment of the 2022/2023 Deep Offshore oil block mini-bid process to accommodate concerns raised by potential local and international investors. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) stated in Abuja on Saturday that the…
The Nigerian Upstream Petroleum Regulatory Com mission (NUPRC), says it is planning a production based lending engagement to assist the 2020 Marginal Field Bid Round licences awardees to source needed capital. The NUPRC said it would help the awardees to commence…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says five petroleum industry regulations have been gazetted while six others have been finalised and ready for gazetting. Commission Chief Executive, NUPRC, Mr Gbenga Komolafe, disclosed this on Monday in Abuja at the…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says five petroleum industry regulations have been gazetted while six others have been finalised and ready for gazetting. Mr Gbenga Komolafe, Commission Chief Executive, NUPRC, disclosed this on Monday in Abuja at the…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has shortlisted 139 firms that applied for Nigerian Gas Flare Commercialisation Programme (NGFCP). About 300 companies applied to the gas buying and trading scheme to end gas flaring from 48 oil production sites…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has organised a Bidders’ Conference/Investors Forum for stakeholders in the sector, to fast track implementation of the Nigerian Gas Flare Commercialisation Programme (NGFCP). This is contained in a statement signed by…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC),says it is planning a bidders’ conference/investors forum where stakeholders and investors in the country’s upstream petroleum sector will be offered the opportunity to seek clarifications on the programme. Engr. Gbenga Komolafe, the NUPRC’s…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2022 deep offshore mini-bid round, promising that the process would be transparent and competitive. The Seven blocks on offer, are Blocks PPL-300-DO, PPL-301-DO and PPL-302-DO are located…
