UPDATED: NNPCL Reveals Plans To Participate In Licensing Bid For 12 Oil Blocks

Miami: The Nigerian National Petroleum Company Ltd says it is planning to participate in the licensing bid round for the 12 oil blocks as part of moves to fulfill its mandate of increasing the country’s oil production.

The Executive Vice President (Upstream), NNPCL, Oritsemeyiwa Eyesan said this on Tuesday at the Miami International Roadshow for the 2024 licensing round hosted by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in collaboration with the Petroleum Technology Association of Nigeria (PETAN) and Zetse Advisory & Consulting.