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 by 10 days.
Mr. Gbenga Komolafe, the Commission’s Chief Executive Officer, announced the extension in a statement issued on Wednesday in Abuja.
According to Komolafe, the registration and submission of pre-qualification documents, which was initially scheduled to close on June 25, 2024, would now close on July 5, 2024.
He noted that in pursuit of the commission’s commitment to derive value from the country’s abundant oil and gas reserves and increase production, the NUPRC has been working assiduously with multi-client companies, to undertake more exploratory activities, acquire more data to foster and encourage further investment in the Nigerian upstream sector.
He added that as a result of additional data acquired concerning deep offshore blocks, the commission has added 17 deep offshore blocks to the 2024 licensing round.
“In pursuit of the Commission’s 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.
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.
“Bidders are hereby advised to bid for those blocks as clusters or as single units; it is optional,” the statement quoted Komolafe as saying.
The deep offshore blocks and other blocks which cut across onshore, were put on offer for the 2022/2023 Mini Bid Round.
Continental shelf and deep offshore terrains were also put on offer for the Nigeria 2024 Licencing Round.