Local firms, IOCs battle for 19 oil blocks in Nigeria

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Local firms, IOCs battle for 19 oil blocks in Nigeria
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Nigerian indigenous firms and international oil companies are jostling for Nigeria's twelve onshore and Seven Deep Offshore oil blocks.

Nigerian indigenous firms and international oil companies are jostling for Nigeria's twelve onshore and Seven Deep Offshore oil blocks. The Chief Executive Office of Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Engr Gbenga Komolafe, disclosed the interest of potential bidders in a statement to Vanguard at the ongoing Offshore Technology Conference, OTC 2024, in the United States of America.

'Our mission at the OTC is to leverage one of the largest oil and gas events globally to showcase the huge hydrocarbon potentials and investment opportunities in Nigeria and, in a similar manner, canvass the participation of financially and technically capable players in the deep offshore to participate at the Nigerian 2024 licensing round for overwhelming success of the important exercise.

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