Tag
OIL BLOCKS
The Federal Government has opened the 2026 oil and gas licensing round, offering 40 blocks across land, shallow water and deepwater terrains to local and foreign investors.
The Federal Government has issued a strong warning to firms and individuals with oil block licenses who have failed to secure investment or undertake exploration activities, stating that their licenses will be revoked if they do not comply.
Nigeria has not held a licensing round for oil blocks other than marginal fields since 2007, due to...
The Department of Petroleum Resources has revoked five Oil Mining Licences and one Oil Prospecting Licence of five companies.