Tag: Oil Block

300 Firms Jostle For 50 Oil Blocks
May 6, 2026 No Responses

300 Firms Jostle For 50 Oil Blocks

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that a total of 300 firms are currently jostling for the 50 oil blocks put out in the 2025/2026 licensing rounds.Chief Executive Officer of the Commission, Oritsemeyiwa Eyesan, disclosed this on...
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Tinubu Announces Resolution of OPL 245 Dispute
March 5, 2026 No Responses

Tinubu Announces Resolution of OPL 245 Dispute

President Bola Ahmed Tinubu has announced the successful conclusion of a historic settlement between the Federal Government of Nigeria, Eni, and Nigerian Agip Exploration Limited (NAEL), bringing an end to the long-standing dispute over Oil Prospecting Licence...
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FG Approves Amendment Of 2022/2023 Deep Offshore Oil Block Bid Round
April 2, 2023 No Responses

FG Approves Amendment Of 2022/2023 Deep Offshore Oil Block Bid Round

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) explain...
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