FG Withdraws Five Oil Blocks From 2024 Bid Round Over Legal Disputes As investors begin registration for the 2024 Licensing Round, the Nigerian Upstream Petroleum Regulatory Commission has removed five oil blocks from the ongoing licensing round due legal disputes. The five oil blocks, PPL3008, PPL3009,...

The Federal Government has just announced the addition of 17 deep offshore oil blocks to the 2024 Licensing Round for oil fields in Nigeria, yesterday. 

NUPRC Begins Bidding Round for 12 Oil Blocks The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the bidding process for 12 oil blocks recently listed for sale. It also signals the start of the 2024 Nigeria Petroleum Licensing Round and the resumption...

Over 30 Oil Blocks Under Concession to IOCs, Others – NNPCL No fewer than 36 oil blocks are under concession to international oil companies operating in Nigeria and their indigenous counterparts in the country, latest data from the Nigerian National Petroleum Company Limited showed. An analysis...

Nigeria Oil Blocks Not Licensed for 15 years - World Bank The World Bank report has revealed that Nigeria has not held a licensing round for oil blocks other than marginal fields since 2007, due to uncertainties about future regulatory and has contributed to decline...

We Paid $665m To Renew Three Oil Blocks — Mobil   An oil giant, Mobil Producing Nigeria Unlimited (ExxonMobil), has denied an allegation of owing the Federal Government to the tune of $1.8bn for the renewal of three oil blocks’ licences. It said on Monday that it...