Oritsemeyiwa Eyesan, CEO, Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
…awards PPLs to winners of 2024 licensing round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commended ExxonMobil and its partners for committing $1 billion to the on-block activities for the Usan Infill Project in OML 138.
Oritsemyiwa Eyesan, commission chief executive, NUPRC, gave the commendation at the 25th NOG Conference in Abuja on Wednesday.
Eyesan, commenting on the investment commitment which is expected to add 40,000 barrels per day to Nigeria’s production capacity, said that it is significant because Esso Exploration and Production Nigeria, ExxonMobil’s affiliate, had not undertaken any drilling operation since 2016.
“With Esso’s last drilling operation dating back to 2016, the resumption of drilling signals renewed potential and value in our deep water acreage,” the NUPRC boss said.
Eyesan said the NUPRC remains steadfast in advancing Nigeria’s portfolio of deep water projects, adding that such developments are
This post was originally published on this site.
