FG withdraws five oil blocks from 2024 bid round

07/01/2024 8

The Nigerian Upstream Petroleum Regulatory Commission has removed five oil blocks from the ongoing licensing round due legal disputes, as investors begin registration for the 2024 Licensing Round,
The Nigerian Upstream Petroleum Regulatory Commission confirmed that the five oil blocks are said to be under various litigation.
The affected assets are PPL3008, PPL3009, PML51, PPL267, and PPL268.
Reports state that the five blocks were among the 12 initially announced by the NUPRC Chief Executive, Gbenga Komolafe, at the Miami International Roadshow for the 2024 licensing round hosted by the NUPRC in collaboration with the Petroleum Technology Association of Nigeria and Zetse Advisory & Consulting.
The 12 oil blocks initially listed by Komolafe were PPL 300-CS; PPL 301-CS; PPL 3008; PPL 3009; PPL 2001; PPL 2002; PML 51; PPL 267; PPL 268; PPL 269; PPL 270; and PPL 271.

Written by: bossgmsi

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07/01/2024 8