Oil block licensing: NUPRC extends deadline for pre-qualification exercise

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the extension of the deadline for the registration and submission of pre-qualification documents for the 2024 oil block licensing round. Chief Executive Officer (CEO) of NUPRC, Gbenga Komolafe, announced the extension in a statement yesterday.

 
Komolafe said that the registration and submission of pre-qualification documents, which was initially scheduled to close on June 25, 2024, had been extended by 10 days, and would now close on July 5, 2024.
 
According to him, the data access, data purchase, evaluation, bid preparation and submission initially scheduled to open on July 4 and close on November 29, will now start on July 8 and close on November 29, 2024, as previously scheduled.He said all other dates in the published 2024 Licensing round schedule remained the same unless otherwise communicated.
 
“In pursuit of its commitment to derive value from the country’s abundant oil and gas reserves and increase production, the commission has been working assiduously with multi-client companies to undertake more exploratory activities.

This is to acquire more data to foster and encourage further investment in the Nigerian upstream sector,” he said. Komolafe said that as a result of additional data acquired concerning deep offshore blocks, the commission had added 17 deep offshore blocks to the 2024 licensing round.  He said that further details on the blocks could be found on the bid portal.
   
“In accordance with the published guidelines, we had earlier indicated that some of the assets on offer should be applied for as clusters, namely: PPL 300-CS & PPL 301-CS, PPL 2000 and PPL 2001.”

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