Nigeria's Oil Blocs Licensing To End In April  

The Federal Government announced that the licensing round for seven deep offshore open oil blocs, which commenced on January 3, 2023, would last for four months. <br />The Chief Executive, of Nigeria Upstream Petroleum Regulatory Commission, Gbenga Komolafe, says the approval of the exercise by President Muhammadu Buhari was the first in the last 15 years. <br />He explained the commission had announced the commencement and launched the bid round portal which was officially opened on January 3, 2023. <br />He noted that in compliance with the provisions of the PIA 2021 and regulations made pursuant to the Act, the commission issued a licensing round guideline and published a licensing round plan for a total of seven deep offshore open blocs.