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The Federal Government has announced that 13 of the 50 lipid and state blocks offered nether the 2025 Licensing Round volition beryllium returned to the licensing handbasket aft failing to pull bids from investors.
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, disclosed this on Tuesday during an lawsuit successful Abuja.
According to her, though 50 lipid and state blocks were offered successful the licensing round, lone 37 attracted involvement from prospective investors.
“At the extremity of the exercise, we had 50 blocks connected offer, but we lone had practice for 37 of those 50 blocks.
“Thirteen of those blocks volition beryllium returning backmost to the basket,” she said.
Eyesan, however, described the wide level of information arsenic encouraging, revealing that 143 companies submitted astir 200 bids for the disposable assets.
“We person a full of 143 companies showing involvement for 200 bids. That, for us, was remarkable, and I indispensable accidental convey you,” Eyesan said.
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