NUPRC, Schlumberger to develop Nigeria’s frontier oil basins

The Nigerian Upstream Petroleum Regulatory Commission, on Sunday, announced that it would work with Schlumberger Global to develop frontier oil basins in Nigeria.

Schlumberger, globally known as SLB Global, is a major player in the oil and gas industry, while Nigeria’s frontier basins are regions with potential for oil and gas reserves that have not been extensively explored yet.

Revitalizing Nigerian Oil Fields: A Boost for the Economy

The Nigerian National Petroleum Co. Ltd. (NNPC) recently resumed production from the Awoba field and initiated oil production from the Madu field after facing challenges that led to shutdowns. The Awoba field, located in Rivers State, is expected to reach a production plateau of 12,000 barrels per day, significantly enhancing the country’s gas supply.

Nigeria begins allocation of new oil blocks

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Tuesday, announced the commencement of the 2024 oil block licensing round.

The Chief Executive of NUPRC, Gbenga Komolafe, announced this at the Miami, Florida International Roadshow for the 2024 licensing round, hosted by the NUPRC, in collaboration with Petroleum Technology Association of Nigeria (PETAN).