19 oil block licences to expire this year
Nigeria’s upstream sector faces significant changes as 19 oil block licences are set to expire in 2026, according to NUPRC. Discover which companies are af Read More: https://punchng.com/19-oil-block-licences-to-expire-this-year/
Nineteen oil licences in Nigeria's upstream sector are set to expire within 2026, according to the Nigerian Upstream Petroleum Regulatory Commission's latest report. The report covers Petroleum Prospecting Licences and Oil Prospecting Licences, with 12 PPLs and seven OPLs scheduled to expire in that year. Some notable expiring PPLs include Navante Exploration and Production Limited's PPL 220, which expires on October 16, 2026, and Kizi Oil and Gas Services Limited's PPL 232, expiring on November 16.
The development comes as the Federal Government seeks to attract fresh investment and raise crude oil production, while deepening exploration activities.
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