Nigeria’s renewed drilling activity is yet to translate into the kind of sustained crude oil production growth that would significantly strengthen government revenue, foreign-exchange earnings and the country’s position in the global oil market. The latest figures point to a more complicated picture than simply a shortage of rigs. While drilling activity has continued over […]
Discover the winners of the 2024 oil licensing bid round announced by NUPRC. Learn about Nigeria’s strategic efforts to boost oil production and attract investment under the Petroleum Industry Act. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially announced 25 winners in the 2024 oil licensing bid round. This landmark event, held in Lagos, […]
