Business

Int’l Oil Firms Secure Concession For 36 Oil Blocks- NNPC

The most recent data from the Nigerian National Petroleum Company (NNPC) Limited reveals that a total of 36 oil blocks have been granted to both international and indigenous oil companies in Nigeria.

The breakdown shows that eight blocks are in deepwater, five on the continental shelf, fifteen on land, five in swamp areas, and three in partially swamp terrains.

These blocks are further categorized into Oil Prospecting Licences (OPLs) and Oil Mining Licences (OMLs), with specific details provided in the Consolidated and Separate Financial Statements for the Period Ended December 31, 2022. Notable concessions include OPLs 244, 242, 214, 223, 251, and 325, as well as OMLs 154, 139, 119, 60-63, 111, 148, 65, 26, 28, and 30.

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