FG opens bidding for 17 new offshore oil blocks

June 19, 2024November 20, 2024 AGS

AGS NEWS – On Tuesday, the Federal Government announced the addition of 17 deep offshore oil blocks to the 2024 Licensing Round for oil fields in Nigeria. Previously, the government had invited investors to bid for 12 oil blocks and … Continue reading FG opens bidding for 17 new offshore oil blocks

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23 oil blocks fail to produce crude – FG

October 4, 2023November 20, 2024 AGS

Numerous oil blocks managed by international and local oil companies under Production Sharing Contracts (PSC) with the Nigerian National Petroleum Company Limited (NNPC) remained non-producing or inactive, according to the latest Oil and Gas Industry Report for 2021 released by … Continue reading 23 oil blocks fail to produce crude – FG

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FG opens bidding for 17 new offshore oil blocks

23 oil blocks fail to produce crude – FG