Nigeria launched a new oil and gas licensing round this week, inviting bids for as many as 12 offshore and onshore blocks.
Nigeria launched this week a new oil and gas licensing round, inviting bids for as many as 12 onshore and offshore blocks and promising transparency in the bidding process. At the ongoing Offshore Technology Conference OTC in Houston, Texas, the Nigeria n Upstream Petroleum Regulatory Commission NUPRC announced the start of the 2024 Licensing Round.
International majors have shrunk their exposure to Nigeria’s energy sector in recent years, with transparency in the licensing round one of the reasons for Big Oil to divest from their Nigerian assets, on top of oil theft and frequent pipeline damages that lead to force majeure on crude oil exports.
Crude Oil Natural Gas Licensing Onshore Offshore Bids
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