Nigeria Launches Oil and Gas Licensing Round

Nigeria launched this week a new oil and gas licensing round, inviting bids for as many as 12 onshore and offshore blocks and promising transparency in the bidding process. At the ongoing Offshore Technology Conference (OTC) in Houston, Texas, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced the start of the 2024 Licensing Round. During his speech at OTC to announce the bidding round, the commission’s chief executive Gbenga Komolafe “reiterated Nigeria’s commitment to advancing its oil and gas…