The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday opened bidding for 50 oil and gas blocks, targeting $10 billion in investment.
Announcing the commencement of the 2025 oil block licensing round at a press briefing on Monday, the NUPRC Chief Executive, Gbenga Komolafe, said the bidding will add 2 billion barrels of oil output over the next decade.
Mr Komolafe said the 2025 block licensing round would last for approximately six months.
A licensing…
Read the full article here
