NUPRC warns gas flare site operators of permit revocation over inactivity

The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has warned that companies awarded state flare sites nether the Nigerian Gas Flare Commercialisation Programme, NGFCP, could suffer their permits if they neglect to utilise them.

The Commission’s Chief Executive, Oritsemeyiwa Eyesan, issued the informing during a moving sojourn to the Minister of State for Petroleum Resources, Gas, Ekperikpe Ekpo, successful Abuja.

According to Eyesan, the committee volition measure each grant 1 twelvemonth aft issuance to find whether operators person made important progress.

“Where determination is insufficient progress, the committee volition instrumentality due regulatory action, including revocation of the grant wherever necessary,” she stated.

Despite archetypal absorption from immoderate operators, Eyesan said the NGFCP has continued to grounds progress, noting that 27 of the 43 identified state flare sites person already been awarded, portion implementation efforts stay ongoing.

She further disclosed that Nigeria presently boasts implicit 215 trillion cubic feet, TCF, of proven state reserves and an estimated full reserve basal of astir 600 TCF, positioning the state for accrued powerfulness generation, industrialisation and exports.

On big assemblage development, Eyesa...