The start of the 2022 mini-bid round has been officially confirmed by the Nigerian Upstream Petroleum Regulatory Commission.
This is in accordance with a press release that NUPRC Chief Executive Officer Gbenga Komolafe issued on Tuesday, January 10, and which was posted online by the organisation.
Komolafe highlighted in the release that the mini-bid round, which offered seven blocks, provided a chance to launch fresh exploration and drilling operations in Nigeria’s deep waters.
The Petroleum Industry Act, the 2022 Petroleum Licensing Round Regulations, and other pertinent regulations are expected to be followed by the NUPRC in managing the mini-bid round procedure.
Komolafe added that the mini-bid round was a market-driven programme that would follow a transparent and competitive procurement process designed to attract competent third-party investors from across the world.
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According to the NUPRC, the seven blocks on offer are located within the Gulf of Guinea, offshore Nigeria at approximately 150km South-East of Lagos Port ranging from 1000 meters to 2000 meters in water depth.
Blocks PPL-300-DO, PPL-301-DO, and PPL-302-DO are located in the Nigerian Transform Margin area. Blocks PPL-303-DO, PPL-304-DO, PPL-305-DO, and PPL-306-DO are within the deep-water Niger Delta Basin.
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