The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will present its 2024 licensing cycle during a session dedicated to investing in Nigeria as part of the Invest in African Energy forum to be held in Paris next week.
Responsible for the technical and commercial regulation of upstream oil operations in Nigeria, the Commission will unveil its energy development strategy for 2024, including its latest licensing round launched earlier this month. The bid deadline is January 2025 and the round includes 12 oil blocks – as well as five deep offshore blocks from last year’s round – and a mix of new assets, offshore assets and onshore assets. Nigeria seeks to attract local and international explorers to its territory, with a view to increasing its reserves, maximizing its production and strengthening its energy security.
IAE 2024 is an exclusive forum designed to foster collaboration between European investors and African energy markets. Taking place on May 14-15, 2024 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policy makers.
The presentation is part of a wider session aimed at promoting the latest developments in Nigeria’s energy sector. In a bid to attract new investment, the Commission seeks to create a business-friendly environment.
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