The Department of Petroleum Resources (DPR) has stated that the country needs over $2 billion monthly revenue to remain sustainable as a nation. The Director, DPR, Sarki Auwalu, warned that without this monthly income, the economy would be in doldrums as over 70 per cent of the $2 billion is presently being realized through the nation’s oil and gas sector. Auwalu stated this at a DPR/...

The Federal Government has said it is expecting most of the marginal fields, which investors bid for in the recently concluded bid round, will achieve first oil starting from next year. The Director/Chief Executive Officer, Department of Petroleum Resources, Mr Sarki Auwalu, said this on Wednesday during a strategic engagement session in Lagos with the Nigeria Extractive Industries Tr...

The Department of Petroleum Resources (DPR) has charged stakeholders in the African oil and gas industry to rise to the challenge of harnessing the over 125 billion barrels oil reserve and 625 trillion cubit feet (tcf) of natural gas deposits in Africa for the development of the continent. The Director of DPR, Mr. Sarki Auwalu, gave the charge while delivering the host-country address...

Mr Sarki Auwalu, director, Department of Petroleum Resources (DPR) has urged Africa to rise to the challenge of harnessing its oil and gas reserves for the development of the continent. Auwalu spoke on Wednesday at the opening ceremony of the 5th Edition of the Sub-Saharan African International Petroleum Exhibition and Conference organised by the Petroleum Technology Association of Nige...

The Minister of State for Petroleum Resources, Timipre Sylva on Tuesday revealed that the Department of Petroleum Resources (DPR) rescued Nigeria from a financial crisis by remitting funds to the Federation Account Allocation Committee (FAAC) last month. He disclosed this in Abuja during an interactive session with newsmen. The Nigerian National Petroleum Corporation (NNPC) had rep...

Members of the Indigenous Petroleum Producers Association (IPPG) today paid a working visit to the Director/CEO DPR, Engr. Sarki Auwalu at NOGEC Complex in Lagos to discuss industry issues and explore areas of cooperation that will enable their buisness and create investment opportunities for the economy. L-R: Mr. Gbite Falade, Managing Director, Niger Delta Exploration & Producti...

The Department of Petroleum Resources (DPR) said that the Oil and Gas Alternative Dispute Resolution Center (ADRC) in Lagos, has successfully resolved its first case. This is in line with the Federal Government’s objective for speedy resolution of disputes in the industry. DPR Head of Public Affairs, Paul Osu, who made the announcement in a statement issued on Monday in Lagos, said...

From all of us at the DPR, Happy Eid-el-Fitr!

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The Federal Government has expressed optimism about improved earnings from its gas monetisation scheme, following the signing of the Pre-Front End Engineering Design (Pre-FEED) contract by the licensee to commence the development of 176 million cubic feet per day Liquefied Natural Gas (LNG) floating plant. The Department of Petroleum Resources (DPR) had issued Licence to Establish (LT...