NUPRC commences 2022 mini-bid round

The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has announced the commencement of its 2022 mini-bid round.

The Commission’s Chief Executive Officer, Gbenga Komolafe, made this known in a statement on Tuesday.

It added that the process aligns with the Petroleum Industry Act 2021, a legal framework seeking to boost oil and gas industry investment.

“In this 2022 Mini Round, seven (7) offshore rocks involving an area of approximately 6,700 sq km in water depths of 1,150m to 3,100m were put on offer.

“The success of the process will ensure all stakeholders gain value from the Nation’s resources, whilst paying close attention to the reduction in carbon emissions, environmental, social and governance (ESG) considerations”, the statement read.