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FG Puts 7 Deep Water Oil Blocks On Sale

The federal government has put seven deep offshore oil blocks on offer, calling on investors globally to bid for them.

The Commission Chief Executive, Nigeria Upstream Petroleum Regulatory Commission, NUPRC, Engr. Gbenga Komolafe, announced this on Wednesday during a press briefing in Abuja.

Engr. Komolafe said, this is the first time a bid for a deep offshore asset is holding after the Petroleum Industry Act, PIA 2021 and since April 2007 when 45 blocks were offered but under the defunct regulation.

The CCE further said a pre-bid conference will hold on January 16, 2023, and prospective investors are expected to submit bids for the blocks on or before January 31, 2023.

Source: dailytrust

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