President Muhammadu Buhari has approved the amendment of the 2022/2023 deep offshore oil block mini-bid round.
The Nigerian Upstream Regulatory Commission (NUPRC) Chief Executive, Gbenga Komolafe, disclosed this in a statement on Saturday.
Mr Komolafe said the approval was in a bid to boost confidence in the transparency and continuity of the deep offshore oil block mini-bid round process.
He added that the move was 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 19 May 2023, as well as the timeline for concluding activities of contract negotiations…
