Nigeria begins allocation of new oil blocks

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Tuesday, announced the commencement of the 2024 oil block licensing round.

The Chief Executive of NUPRC, Gbenga Komolafe, announced this at the Miami, Florida International Roadshow for the 2024 licensing round, hosted by the NUPRC, in collaboration with Petroleum Technology Association of Nigeria (PETAN).

The commission said the 2024 block licensing round would last for approximately nine months.