The Nigerian Upstream Regulatory Commission (NUPRC) said it is planning a production-based lending engagement that will help awardees of marginal field source the needed capital to commence full field development.
The NUPRC Chief Executive, Gbenga Komolafe, disclosed this in a statement on Tuesday.
Mr Komolafe said the initiative is in recognition of the funding challenges facing some of the awardees of the 2020 marginal field bid round licences.
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