Mrs Oritsemeyiwa Eyesan, Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the commission will enforce the “Drill-or-Drop” provisions of the Petroleum Industry Act (PIA) 2021. Eyesan made the disclosure in a circular issued on Friday to holders of specified oil licences. She urged holders of licences awarded under the …
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the 300-dollar helicopter levy for air navigational services remains payable, while Terminal Navigational Charge (TNC) does not apply to offshore petroleum operations. The commission said the levy remained payable to the Nigerian Airspace Management Agency (NAMA). The clarification was contained in a …
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the speedy completion of its proposed headquarters, ‘The Barrel’, will boost the Commission’s efficiency and the country’s investment appeal. The Chairman, NUPRC Board, Sen. Magnus Abe made this known during an inspection of the proposed head office in Abuja. The Barrel, a …
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is consulting widely with stakeholders in the industry on the idea for a domestic crude oil and gas swap to reduce cost and increased products availability. The Commission Chief Executive, NUPRC, Mrs Oritsemeyiwa Eyesan, said this during a courtesy visit to …
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has urged regulators, operators, investors and the media to promote accurate, fact-based reporting of Nigeria’s petroleum industry. Te Commission Chief Executive, Mrs Oritsemeyiwa Eyesan, made the call on Sunday in Lagos at the Society of Petroleum Engineers Nigeria Council Executive Masterclass. Represented by …
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The Nigerian Upstream Petroleum Regulatory Commission has welcomed ExxonMobil’s decision to invest $1bn in the Usan Infill Project located in Oil Mining Lease 138, describing the development as a major milestone capable of reviving deepwater drilling activities and accelerating Nigeria’s crude oil production ambitions. The investment, announced during the 25th …
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THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has approved $510 million Sales Purchase Agreement (SPA) by TotalEnergies Exploration and Production Nigeria Ltd. This agreement allows the transfer of TotalEnergies’ entire 12.5 per cent contractor interest in Oil Mining Lease (OML) 118 to Shell Nigeria Exploration and Production Company (SNEPco), and …
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THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s competitive reform agenda has delivered 28 Field Development Plans (FDPs) with 18.2 billion dollars worth of investment commitments. The Commission Chief Executive, Mr Gbenga Komolafe disclosed these on Tuesday at the Africa Oil Week, held in Accra, Ghana. Komolafe in a …
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THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has restated its commitment to driving innovation in oil and gas through emerging technologies and sustainable practices. Mr Gbenga Komolafe, Chief Executive of NUPRC, said this on Monday in Lagos while delivering a goodwill message at the 48th Nigeria Annual International Conference and …
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its gas-centric transition strategy aims to eliminate routine flaring by 2030, and reduce methane by 60 per cent by 2031. The commission’s Chief Executive, Gbenga Komolafe, made this known on Wednesday at the ongoing 24th Nigeria Oil and Gas (NOG) Energy Week …
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