Review of the 2024 Petroleum Licencing Round Guidelines

Review of the 2024 Petroleum Licencing Round Guidelines Nigeria is heating up with a massive opportunity in the oil and gas sector! The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Commission just unveiled the 2024 Petroleum Licensing Round, offering access to…

By Viyon Ojo

May 28, 2024

Author

  • Senior Associate

Review of the 2024 Petroleum Licencing Round Guidelines

Nigeria is heating up with a massive opportunity in the oil and gas sector! The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Commission just unveiled the 2024 Petroleum Licensing Round, offering access to 12 new blocks ripe for exploration. This groundbreaking initiative ensures a transparent and equitable bidding process, inviting both local and international companies to compete for coveted offshore, onshore, and shallow water blocks.

For prospective oil & gas investors, this review is your essential guide to understanding the modalities of the 2024 licensing round. Explore detailed insights into the process, timelines, participation rules, and qualification criteria, paving the way for informed decision-making in this dynamic industry.

Click here to read the Review of the 2024 Petroleum Licencing Round Guidelines

Get more publications like this straight to your inbox.

Our perspectives on investment locally and globally, business opportunities in a challenging environment, delivered to your inbox monthly.

Related Publications

Dispute Resolution

Niwa vs. Laswa: Reflections on the Supreme Court’s Judgement In National Inland Waterways Authority

Feb 13, 2024

Niwa vs. Laswa: Reflections on the Supreme Court’s Judgement in National Inland Waterways Authority & 3 Ors v. Lagos State Waterways Authority & 5 Ors delivered on 5th January 2024. Introduction The Apex Court on Friday, 5th January 2024, delivered…

Banking and Finance

An Overview of the Central Bank of Nigeria Draft Framework for Regulatory Sandbox Operations

Jul 03, 2020

In response to the fast-evolving spate of global developments in the financial technology sector (Fintech), regulators across the world are constantly devising innovative approaches to keep up with the innovations. In recognition of the fact that innovation often precedes regulations,…

IP Watch

Chat GPT And Copyright Infringement: Issues and Practical Solutions

Feb 27, 2023

Chat GPT Chat GPT (“CGPT”) is an extraordinary language processing tool trained on a staggering amount of text data capable of understanding and generating human-like responses in prose form. Using CGPT, a user can pose questions (input) and generate answers…