Nigerian govt gives 24-hour ultimatum for 2024 oil blocks license registration

The Nigerian federal government has announced a 24-hour deadline for new investors to register for the 2024 oil block licensing bid round.

This announcement was made by Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, on Wednesday at the ongoing 23rd Nigerian Oil and Gas Energy Conference (NOG) in Abuja.

In his presentation titled, “Defining the Outlook for Deep Water Exploration and Production in Nigeria,” Komolafe stated that the registration and submission of pre-qualification documents will close at midnight on Friday, July 5, 2024.

“Registration closes at midnight Friday, July 5, 2024,’’ he said.

Recall that in earlier May 2024, NUPRC invited investors to bid for its 12 new oil and exiting seven, totaling 19 blocks up for the 2024 bidding round in Nigeria.

However, the Nigerian government recently withdrew five oil blocks due to limitations.