The Federal Government has pledged to facilitate the remobilisation of exploration activities at the Kolmani Oil Field in Bauchi State, with the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) moving to assess the status of the project and support efforts to revive operations. The Chairman of RMAFC, Muhammad Bello, made the commitment on Monday during …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has taken significant steps to boost the country's oil production, approving a major new exploration license while also streamlining the process for bringing idle wells back online. The Commission signed a Petroleum Exploration Licence (PEL) No. 5 agreement with a partnership led by SeaSeisGeophysical Limited and global data company TGS. According …
As registration for the 2025 licensing round continues, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has listed 50 oil blocks covering onshore, shallow water, and deep offshore areas. The Commission, which launched the 2025 licensing round on December 1, announced a slash of signature bonus to between $3 million and $7 million as approved by …
