The Nigerian Government has announced the addition of 17 deep offshore oil blocks to the 2024 Licensing Round for oil fields in the country.
The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Mr. Gbenga Komolafe, said in a statement issued in Abuja on Tuesday that the deep offshore blocks had been added to the 2024 Licensing Round.
Providing updates on the 2022/2023 and 2024 licencing rounds, Komolafe, said: “In pursuit of the commission’s commitment to derive value from the country’s abundant oil and gas reserves and increase production, the commission has been working assiduously with multi-client companies to undertake more exploratory activities to acquire more data to foster and encourage further investment in the Nigerian upstream sector.
“As a result of additional data acquired in respect of deep offshore blocks, the commission has added 17 deep offshore blocks to the 2024 Licensing Round. Further details on the blocks can be found on the bid portal.”
Komolafe also stated that “by the published guidelines, we had earlier indicated that some of the assets on offer should be applied for as clusters, namely: PPL 300-CS & PPL 301-CS, PPL 2000 and PPL 2001. Bidders are hereby advised that they may, at their option, bid for those blocks as clusters or as single units.”
According to him, bidders should refer to the Frequently Asked Questions Sections of the 2022/23 and 2024 Licensing Round portals, or contact the upstream regulatory agency.
He also said that the 2024 Licencing Round schedule had been amended to allow interested investors to take advantage of the expanded opportunities.
GIK/APA
Nigeria offers 17 new oil blocks for bidding
