The Nigerian National Petroleum Company Exploration and Production Limited a subsidiary of NNPC Limited, did not secure any awards in the recently concluded oil licensing bid round.
The winners were revealed by the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, during the commercial bid conference held in Lagos on Wednesday.
During the electronic bidding process, NNPC E&P submitted bids for three deep offshore assets—PPL 303, PPL 305, and PPL 306—but lost to other companies.
However, Komolafe, stated that NNPCL has been designated as a reserved bidder for these assets.
Meanwhile, TotalEnergies won a block out of the two it contested for.
In the final results of the oil licensing bid round
SIFAX & RoyalGate Consortium won PPL 300-DO; OceanGate Engineering Oil and Gas Ltd secured PPL 302-DO and PPL 3007; Homeland Integrated clinched PPL 304-DO.
Hakilat Oil & Gas Consortium Ltd defeated NNPC E&P to win PPL 305-DO; BISWAL Oil & Gas Ltd overcame NNPC E&P to claim PPL 306-DO.
After a tie, MRS Oil & Gas later defeated NNPC E&P to secure PPL 303-DO.
Similarly, Petroli Energy Marketing and Supply Ltd got PPL 269; Sahara Deepwater Resources Ltd won both PPL 270 and PPL 271; Panout Oil & Gas beat TotalEnergies and three other bidders to secure PPL 300/301 CS. Panout also claimed PPL 3015.
In the same vein, TotalEnergies E&P won PPL 2000/2001.
As sole bidders, BISWAL won PPL 2002; First E&P has PPL 2003 and PPL 2006; Deywayles International Limited secured PPL 2004; Applefield Oil & Gas got PPL 2005; R28 Holdings Ltd won PPL 2007 and PPL 3011; Tulcan Energy E&P won PPL 2008 and 3012; Broron Energy secured PPL 2009; Hakilat Oil & Gas claimed PPL 3016; and Applefield Oil & Gas won PPL 3017.
After the exercise, the NUPRC boss informed pressmen that out of the 31 blocks offered, 25 received bids.
The remaining six blocks will be included in the next bid round.
Komolafe also announced that another oil licensing bid round will take place in 2025, with the commission making licensing rounds an annual event to enhance oil production.
