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Tag: NUPRC

Business

NUPRC approves major offshore project targeting hydrocarbon development

The Nigerian Upstream Petroleum Regulatory Commission has granted Petroleum Exploration Licence 5 to SeaSeisGeophysical Limited, in partnership with TGS, to carry out the acquisition and processing of new 3D seismic and gravity data. The initiative is designed to enhance the exploration activities and accelerate the development of Nigeria’s hydrocarbon resources. The agreement was formally signed […]

Business

NUPRC completes pre-qualification, notifies applicants in oil, gas licensing round

The Nigerian Upstream Petroleum Regulatory Commission has moved Nigeria’s 2025 oil and gas licensing round into a key phase, completing the pre-qualification process and formally notifying successful applicants, signaling the shift from screening to competitive bidding. In a statement on Tuesday, the commission said the milestone, reached on March 16, 2026, concludes the initial screening […]

Business

Senate panel clears Magnus Abe as NUPRC board chairman

The Senate Committee on Petroleum Resources on Monday cleared Magnus Abe, former senator representing Rivers South-East, for appointment as chairman of the board of the Nigerian Upstream Petroleum Regulatory Commission. Abe and other nominees submitted by President Bola Tinubu were screened by the committee. The committee was chaired by Eteng Williams, senator representing Cross River […]

Business

Develop assets or lose exploration licences, NUPRC warn oil firms

The Nigerian Upstream Petroleum Regulatory Commission has declared an end to the practice of oil companies holding exploration licences for years without developing the assets, stating that new provisions under the Petroleum Industry Act now require operators to either develop their fields or relinquish them. The Commission Chief Executive of NUPRC, Oritsemeyiwa Eyesan, made this […]

Oil and Gas

Drill or drop, NUPRC ends era of dormant oil licences

The Nigerian Upstream Petroleum Regulatory Commission has declared that the era of oil companies holding exploration licences for years without developing the assets is officially over. New provisions under the Petroleum Industry Act now compel operators to either develop their fields or relinquish them. The PUNCH reported that the Commission Chief Executive of the NUPRC, […]

Business

NUPRC incorporates 155 host community trusts in Niger Delta

The Nigerian Upstream Petroleum Regulatory Commission has officially incorporated 155 Host Community Development Trusts (across oil-producing areas in the Niger Delta, advancing the implementation of the Petroleum Industry Act. NUPRC’s Chief Executive, Mrs. Oritsemeyiwa Eyesan, revealed this during a town hall meeting with HCDTs and settlors in Rivers State, held at Voyage Hotel, Port Harcourt. […]

Oil and Gas

NUPRC sets Friday deadline for 2025 oil licensing pre-qualification

The Nigerian Upstream Petroleum Regulatory Commission has announced that registration and submission of applications for pre-qualification under the Nigeria 2025 Licensing Round will close at 4.30 p.m. on Friday, February 27. The NUPRC, in a statement signed by its management, said the notice was in accordance with Section 11.2 of the Licensing Round Guidelines. “All […]

Business

NUPRC sets February 27 deadline for 2025 licensing round applications

The Nigerian Upstream Petroleum Regulatory Commission has announced that registration and submission of pre-qualification applications for the Nigeria 2025 petroleum licensing bid round will close on February 27. In a public notice issued on Wednesday, the commission urged applicants to comply strictly with all submission requirements and meet the stated deadline. “The Nigerian Upstream Petroleum […]

Oil and Gas

NUPRC unveils 60-day plan to fully digitise operations

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, has unveiled a 60-day initiative to fully digitise the commission’s internal communications and operational workflows, aiming to boost transparency, efficiency, and regulatory speed. Eyesan made this disclosure on Monday during a working visit by the Executive Secretary of the Nigeria Extractive Industries Transparency […]

Oil and Gas

Over 180TCF of African Gas remains untapped – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has revealed that more than 180 trillion cubic feet of discovered natural gas across Africa remains untapped, primarily due to fragmented markets and inconsistent fiscal and regulatory frameworks. This was disclosed in a statement by the CEO of the NUPRC, Oritsemeyiwa Eyesan, during her keynote address at the Nigerian […]

Oil and Gas

NUPRC promises transparent 2025 oil licensing bid round

The Nigerian Upstream Petroleum Regulatory Commission has assured that the 2025 licensing bid round will be guided by transparency, as only applicants with financial and technical know-how will qualify for the critical stage of the bid process. The Chief Executive of the NUPRC, Mrs. Oritsemeyiwa Eyesan, gave the clarification at the 2025 licensing round pre-bid […]

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NUPRC opens 50 oil blocks for 2025 bidding round

The Nigerian Upstream Petroleum Regulatory Commission has launched the 2025 licensing round by opening 50 oil and gas blocks across five sedimentary basins for bidding and exploration. The commission has warned that only technically competent and financially strong firms will be permitted to advance in the process. The exercise aims to eliminate speculative participation and […]

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