Nigeria has officially opened licensing rounds for its 12 new oil blocks and 7 old blocks, in what appears as a massive move to harness the country’s hydrocarbon resources to fund its energy transition plan.
The Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) Chief Executive, Gbenga Komolafe declared the bidding rounds open on Tuesday at the side event of the Offshore Technology Conference (OTC) in Houston, Texas USA.
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