NUPRC extends oil block licensing bid round for 2024 by 10 days

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NUPRC extends oil block licensing bid round for 2024 by 10 days
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NUPRC has announced a 10-day extension for the registration and submission of pre-qualification documents for the 2024 oil block licensing

the registration and submission of pre-qualification documents for the 2024 oil block licensing round.chief executive officer of NUPRC, announced the extension in a statement on Tuesday.

“Registration/Submission of Pre-Qualification Documents which was initially scheduled to close on 25 June 2024 has been extended by 10 days and will now close on 5 July 2024,” he said.Komolafe said data access, data purchase, evaluation, bid preparation and submission, which was initially scheduled to open on July 4 and “close on 29/11/24 will now start on 8 July 2024 and close on 29/11/24 as previously scheduled”.

He said in pursuit of the commission’s commitment to derive value from the country’s abundant oil and gas reserves and increase production, NUPRC has been working assiduously with multi-client companies to undertake more exploratory activities.Komolafe said this is to acquire more data to foster and encourage further investment in the Nigerian upstream sector.

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