NUPRC has invited investors to bid for 12 oil blocks and seven deep offshore assets in the 2024 marginal bid round.
Gbenga Komolafe, NUPRC’s chief executive officer , spoke on Tuesday on the sidelines of the ongoing Offshore Technology Conference in Houston, US.
He said the exercise, which was initially announced on April 29, is a significant leap in the country’s strategic hydrocarbons development initiative. In line with the provisions of the PIA, Komolafe said the commission has issued a licencing round guideline and published a licencing round plan for the 12 blocs.
Komolafe said the blocs on offer have extensive 2D and 3D seismic data coverage, including multi-beam and analogue data.
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