In recognition of the funding challenges facing some of the awardees of the 2020 Marginal Field Bid Round licences, the Nigerian Upstream Regulatory Commission (NUPRC) is planning a production based lending engagement that will help them source needed capital to commence full field development towards hitting first oil. The engagement which is planned to commence soon will be between ...

40% OF CRUDE LOSES DUE TO MEASUREMENT INACCURACIES, NOT THEFT – NUPRC Approximately 40% of the volumes credited to crude losses in the Nigerian petroleum industry are actually attributable to measurement inaccuracies and not theft as often reported. The Chief Executive of the Nigerian Upstream Regulatory Commission (NUPRC), Engr Gbenga Komolafe stated this in Lagos at the Petroleum...