Petroleum commission starts 2022 mini bid round

The Nigerian Upstream Oil Administrative Commission has reported the beginning of its 2022 mini-bid round.

This is as indicated by a press explanation endorsed by NUPRC CEO, Gbenga Komolafe, on Tuesday, January 10, published on the office’s site.

In the explanation, Komolafe noticed that the mini-bid round, which introduced seven blocks on offer, was a chance to light new exploration and drilling exercises in Nigeria’s profound waters.

The NUPRC is supposed to deal with the mini-bid round process in accordance with the arrangements of the petroleum industry Act, the 2022 Petrol Permitting Round Guidelines, and other significant regulations.

Komolafe added that the mini-bid round was a market-driven program that would follow a straightforward and cutthroat obtainment process intended to draw in skilled outsider financial backers from across the world.

As per the NUPRC, the seven blocks on offer are situated inside the Bay of Guinea, seaward Nigeria at around 150km South-East of Lagos Port going from 1000 meters to 2000 meters in water profundity.

Blocks PPL-300-DO, PPL-301-DO, and PPL-302-DO are situated in the Nigerian Transform Margin area Blocks PPL-303-DO, PPL-304-DO, PPL-305-DO, and PPL-306-DO are inside the profound water Niger Delta Bowl.

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