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Headline : Nigeria to Sell 17 Blocks in Fresh Oilfields Bid Round

Read more from the original article on here at businesspost.ng.





Tags : #nigeria #sell #17 #blocks #fresh #oilfields #bid #round


No. of Paragraph 16

Nigeria has commenced processes for the 2024 oilfields bid round with 12 oil blocks and five deep offshore assets from last year’s bid exercise.

The Chief Executive Officer (CEO) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, said the oil bids would be concluded by January next year.

“In totality, we target to complete 17 blocks on offer between now and early next year,” he revealed.

He stated that the new green field oil blocks on offer include six acreages located on continental shelf, four deep offshore blocks and two onshore blocks in the Niger Delta.

Read more from the original article on here at businesspost.ng.


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