DPR Targets N3.2trn Revenue By December             The Federal Government, through the Department of Petroleum Resources (DPR) has said it will generate N3.2 trillion revenue by the end of December this year. With improved revenue outlook, including signature bonuses, the Chief Executive Officer of DPR, Sarki Auwalu...

Fed Govt Seeks Active Exploration For New Oil, Gas Resources       The Department of Petroleum Resources has said the Federal Government will promote active exploration for new oil and gas resources in the country as it seeks to ramp up reserves to 50 billion barrels. The DPR...

Investors Proposing $500m For Gas Pipelines, Others – DPR       Investors have proposed to spend over $500m in building gas pipelines and other facilities in Nigeria following the implementation of the Nigerian Gas Transportation Network Code that was launched last year, the Department of Petroleum Resources...

DPR Backs Marginal Field Investors On Quicker Oil Find     The Department of Petroleum Resources (DPR) said it has developed a strategy to ensure that marginal field investors strike the first oil on record time. Director of DPR, Engr. Sarki Auwalu, disclosed this when the agency awarded...

DPR Targets N900bn Remittance Into Federation Account In Q2, 2021       The DPR has said it is targeting to generate and remit about N900 billion into the Federation Account in the second quarter of the year. The agency has also received over $20 billion investment proposals since...

DPR, RMAFC Seek Collaboration On FG’s Gas Revenue Drive       The Department of Petroleum Resources (DPR) and the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) have met to seek ways to boost revenues from the country’s gas resources, following the federal government’s renewed interest in the...