Transcribed

Nigerian Government Withdraws Five Oil Blocks From 2024 Bid Round

Jul 1, 2024 · 1m 19s
Nigerian Government Withdraws Five Oil Blocks From 2024 Bid Round
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The Nigerian Upstream Petroleum Regulatory Commission has removed five oil blocks from the ongoing licensing round due to legal disputes as investors begin registration for the 2024 Licensing Round. The...

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The Nigerian Upstream Petroleum Regulatory Commission has removed five oil blocks from the ongoing licensing round due to legal disputes as investors begin registration for the 2024 Licensing Round. The five oil blocks are said to be under various litigation. The Nigerian Upstream Petroleum Regulatory Commission confirmed the development. The affected assets are PPL3008, PPL3009, PML51, PPL267, and PPL268. The five blocks were among the 12 initially announced by the NUPRC Chief Executive, Gbenga Komolafe, at the Miami International Roadshow for the 2024 licensing round hosted by the NUPRC in collaboration with the Petroleum Technology Association of Nigeria and Zetse Advisory & Consulting.
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Author Africa Business Radio
Organization Africa Business Radio
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