The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has initiated its 2024 Licensing Round, unveiling an array of oil exploration opportunities.
According to the NUPRC, this latest offering comprises 12 new oil blocks and seven deep offshore assets carried over from the previous bid round. Among these are six greenfield oil blocks on the continental shelf, four deep offshore blocks, and two onshore blocks nestled in the Niger Delta.
NUPRC has partnered with TGS to furnish a comprehensive suite of offshore subsurface data, including seismic, multibeam, coring, and geochemical programs.
TGS in a May 2 post on LinkedIn outlined that the data, “a first of its kind in the region”, blankets approximately 31,900 square kilometers over four available offshore blocks.
“Encompassing water depths ranging from approximately 1,100 meters to 2,100 meters, this trove of information promises to provide prospective bidders with invaluable insights for effective exploration risk management,” TGS said.
The bidding process, under the stewardship of NUPRC, is slated for completion by January 2025, offering ample time for interested parties to assess and strategize their participation.