Adetola Bademosi, Abuja
The Federal Government has approved the amendment of the 2022/2023 deep offshore oil blocks mini bid round.
It said the move was in a bid to boost confidence in the transparency and continuity of the 2022/2023 Mini-bid Round process.
The Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Engr. Gbenga Komolafe in a statement at the weekend said the amendment of the bid round calendar is to accommodate the concerns expressed by both local and international investors over the closeness of the schedule to the terminal date of the present administration in the country.
“Following the approval by President Buhari in his capacity as the Petroleum Resources Minister, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revised the Deep Offshore Oil block Bid Round Schedule by extending the deadline for the submission of Technical/Commercial bids to May 19, 2023, as well as the timeline for concluding activities of contract negotiations and signing between July 3 and 28, 2023,” the statement read.
The Commission Chief Executive, indicated that the 2022/23 Deep Offshore Oil block Mini-bid Round is progressing in accordance with the Bid Round Schedule which has been published as part of the Bid Round Guidelines.
source:https://tribuneonlineng.com/