NUPRC repeats October 31 deadline for inactive licence holders
Revocation is threatened; new awards carry an output expectation
- Publish date: 2026-10-21
- Category: Oil & Gas
- Original source: NOG Energy Directory
- Reading time: 1 min read
NUPRC’s Oritsemeyiwa Eyesan restated October 31 for licence holders failing work obligations; blocks may be reclaimed under the Petroleum Industry Act. She expects 22 awardees to contribute at least 250,000 barrels daily within five years; a target, not guaranteed output.