Tag: Oil mining

2024 Oil Licensing: 14 companies secure rights to Nigeria’s oil wells 

Aminu Imam
2024 Oil Licensing2

The Federal Government has announced the new winners of Petroleum Prospecting Licenses in Nigeria, effectively naming new potential owners of oil resources in the country. The winners were announced at the commercial bid conference in Lagos on Wednesday.. According to reports, the new winners include: SIFAX & RoyalGate Consortium, which won PPL 300-DO; OceanGate Engineering Oil and Gas Ltd won PPL 302-DO and PPL 3007; Homeland Integrated is the winner of PPL 304-DO; Hakilat Oil & Gas Consortium Ltd trounced the NNPC E&P to clinch PPL 305-DO; and BISWAL Oil…

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57 successful investors get marginal oil field licences Tuesday – FG

Aminu Imam

The Federal Government has announced that the successful investors in Nigeria’s 57 marginal oil fields of the 2022 bid round would get their various Petroleum Prospecting Licences tomorrow, Tuesday. Recall that the defunct Department of Petroleum Resources (DPR), on May 31, 2021, issued letters of award to investors for the production of crude oil from 57 marginal fields. In January this year, the Nigerian Upstream Petroleum Regulatory Commission announced that a total of 128 awardees emerged as successful bidders in the bid round and had made complete and part payments…

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