Nigeria’s 22 New Oil Fields Expected To Produce 250,000 Barrels A Day Of Crude

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has committed to supporting newly awarded holders of Petroleum Prospecting Licences (PPLs) from the 2022/2023 and 2024 Licensing Rounds to fast-track their transition from award to first oil.
However in the absence of strong move to enter into production it will be forced to revoke any idle oil blocks and recover assets from operators who have failed to commence development within stipulated timelines.
The directive is coming as indigenous firm Heirs Energies doubles effort to bring idle wells into compliance.
The Commission also urged holders of Petroleum Prospecting Licences (PPLs) to move swiftly from award to producti...