Nigerian Upstream Petroleum Regulatory Commission To Issue Petroleum Prospecting Licences To Awardees

In fulfillment of the promise made early this year, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will on Tuesday, June 28, 2022 in Abuja, issue Petroleum Prospecting Licences (PPL) to successful awardees of Marginal Fields in the 2020 Bid Round, pursuant to the provisions of the Petroleum Industry Act (PIA), 2021.

In fulfillment of the promise made early this year, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will on Tuesday, June 28, 2022 in Abuja, issue Petroleum Prospecting Licences (PPL) to successful awardees of Marginal Fields in the 2020 Bid Round, pursuant to the provisions of the Petroleum Industry Act (PIA), 2021.

Chief executive of the Commission, Gbenga Komolafe, made this known in a statement.

Komolafe said NUPRC will also unveil the Implementation Template for the Host Communities Development Trust for commencement of the provisions under Section 235 of the PIA, 2021, to positively impact against restiveness in the host communities; and in the process guarantee seamless operations, boost investors’ confidence and provide enabling environment for sustainable development of the country’s hydrocarbon resources.