The Nigerian Upstream Petroleum Regulatory Commission NUPRC has pledged the country’s commitment to break all entry barriers for would be investors.
Commission’s Chief Executive, Gbenga Komolafe, gave the assurance during the opening of the Nigerian Pavilion at the Offshore Technology Conference in Houston, U.S.
Komolafe said this was as it is committed to giving robust incentives to new entrants, following the beginning of the 2024 oil bid licensing round.
He added that in line with the mandate of President Bola Tinubu, investors wishing to bid for assets in the 2024 licensing round were assured of seamless entry and had nothing to worry about barriers.
According to him, it is heartwarming to note that Nigeria’s licensing round is coming at the same time Guyana is holding same.
