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NUPRC sets deadline, threatens to revoke idle Nigerian oil block Licences

NUPRC sets deadline, threatens to revoke idle Nigerian oil block Licences
Photo: Daily Post Nigeria · view original

Idle marginal field oil blocks face an imminent cut-off from October 31 under a new rule by the Nigerian Upstream Petroleum Regulatory Commission, NUPRC. In a statement on Friday, the NUPRC highlighted the “Drill-or-Drop” provision of the Petroleum Industry Act, PIA, 2021 in a circular signed by...

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