Tag: New Oil Licence Holders

  • NUPRC Warns New Oil Licence Holders Against Dormant Assets

    NUPRC Warns New Oil Licence Holders Against Dormant Assets

    By Opeyemi Adelakun The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has urged winners of the 2022/2023 Mini Bid Round and the 2024 Licensing Round to commence rapid development of their newly awarded oil assets, warning that licences must not be left dormant if Nigeria is to achieve its crude oil production targets. Speaking at the…