The Federal Government has licensed 17 deep offshore oil blocks to the 2024 Licensing round for oil field in Nigeria.
This is in addition to the deep offshore blocks recently put on offer for the 2022/2023 mini-bid round and other blocks which cut across onshore, continental shelf and deep offshore.
The Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, disclosed this at the pre-bid conference for the 2024 licencing round in Lagos on Tuesday, 18th of June.
He said, “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 to acquire more data to foster and encourage further investment in the Nigerian upstream sector.
The Federal Government has previously invited investors to bid for 12 oil blocks and seven deep offshore assets in the 2024 marginal fields bid round.
It was also reported on June 12, 2024 that the Federal government had increased the number of oil blocks on offer in the 2024 marginal bid round.
“As a result of additional data acquired in respect of deep offshore blocks, the commission has added 17 deep offshore blocks to the 2024 Licensing Round. Further details on the blocks can be found on the bid portal.
“By 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 that they may, at their option, bid for those blocks as clusters or as single units.”
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