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'Drill Or Drop': NUPRC Warns Licencees To Develop Assets Or Risk Forfeiture

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned newly awarded Petroleum Prospecting Licence (PPL) holders to develop their assets or face forfeiture under the Petroleum Industry Act's "drill or drop" provision. The NUPRC chief executive, Oritsemeyiwa Eyesan, speaking during the signing ceremony for winners of the 2022/2023 Mini Bid Round and the 2024 Licensing

Leadership Leadership · Wire Report · 1 hours ago · 1 min read

'Drill Or Drop': NUPRC Warns Licencees To Develop Assets Or Risk Forfeiture

Image via wire syndication · Leadership

WIRE — The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned newly awarded Petroleum Prospecting Licence (PPL) holders to develop their assets or face forfeiture under the Petroleum Industry Act's "drill or drop" provision. The NUPRC chief executive, Oritsemeyiwa Eyesan, speaking during the signing ceremony for winners of the 2022/2023 Mini Bid Round and the 2024 Licensing

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