NUPRC Cautions Oil Licence Holders Over Dormant Assets

NUPRC cautions oil licence holders over dormant assets - EnviroNews - latest environment news, climate change, renewable energy

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that Petroleum Prospecting Licence (PPL) holders risk losing inactive assets under its drill-or-drop policy. Mrs. Oritsemeyiwa Eyesan, the Commission Chief Executive, gave the warning on Tuesday, October 20, 2026, in Lagos at a workshop for PPL holders. Eyesan said that licence holders must fulfil their exploration […]

NUPRC Gives 22 Licence Holders 18 Months To Start Oil Production

Regulator targets 250,000bpd from new awards in five years, threatens to reclaim idle blocks The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set an 18-month target for the holders of 22 petroleum prospecting licences (PPLs) to achieve first oil. It warned that blocks left idle will be taken back. The commission also expects the new […]

NUPRC Cautions Oil Licence Holders Over Dormant Assets

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that Petroleum Prospecting Licence (PPL) holders risk losing inactive assets under its drill-or-drop policy. Mrs Oritsemeyiwa Eyesan, the Commission Chief Executive, gave the warning on Tuesday in Lagos at a workshop for PPL holders. Eyesan said that licence holders must fulfil their exploration and development obligations […] NUPRC Cautions Oil Licence Holders Over Dormant…

NUPRC Cautions Oil Licence Holders

The Genius Media NG NUPRC Cautions Oil Licence Holders Over Dormant Assets NUPRC Cautions Oil Licence Holders Over Dormant Assets   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that Petroleum Prospecting Licence (PPL) holders risk losing inactive assets under its drill-or-drop policy. Mrs Oritsemeyiwa Eyesan, the Commission Chief Executive, gave the warning on Tuesday in Lagos at a workshop for PPL holders. Eyesan sai…