Nigeria sets 31 October deadline for withdrawal of inactive oil licences
The NUPRC is targeting permits left inactive for more than three years onshore or five years offshore. The regulator says it no longer wants to extend licences automatically.
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Nigerian Upstream Petroleum Regulatory Commission
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Nigeria puts more than 50 idle oil fields back into play
The regulator is taking assets back from operators that are not developing them. The policy accompanies a new bid round covering 40 oil and gas blocks.
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