Twelve onshore and seven deep offshore blocks that have been placed up for sale are of interest to members of the Petroleum Technology Association of Nigeria (PETAN).
In a phone chat with Vanguard, PETAN chairman Engr. Wole Ogunsanya affirmed this.
“We’re attempting to research the fields to see if they are feasible on a large scale for our members,” stated Ogunsanya.
Petroleum Mining Lease (PML 51) and the 12 Petroleum Prospecting Leases (PPLs) are 300, 301, 3008, 3009, 2000, 2001, 267, 268, 269, 270, and 271; the PPLs for the Deep Offshore Blocks are 300, 301, 302, 303, 304, 305, and 306.
A large number of domestic and foreign oil companies, or IoCs, are also thinking in purchasing the oil assets.
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Commission Executive, Engr. Gbenga Komolafe, commented on the situation and verified that possible bidders are interested. He added that the upcoming Offshore Technology Conference, OTC 2024, offers a fantastic opportunity to court investors.
“Our goal at the OTC is to use one of the biggest oil and gas events in the world to highlight Nigeria’s enormous hydrocarbon potential and investment opportunities. In a similar vein, we want to encourage financially and technically strong deep offshore players to participate in the Nigerian 2024 licensing round in order to ensure the enormous success of this crucial exercise.”
The latest executive directives on different fiscal and policy incentives to encourage business in the oil and gas sector are a real evidence that Nigeria is ready for business, as declared by our esteemed President Bola Ahmed Tinubu.
In accordance with the PIA’s intent and as the implementing arm of government, the NUPRC is dedicated to carrying out the President’s objectives and areas of attention in the industry.
“We have made the announcement locally that we will be launching the bid in the roadshow offshore.”
