The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, on Wednesday announced the 2022 round of small tenders to promote new oil exploration and drilling activities in Nigeria’s deep seas.
He also announced that three modular refineries would refine crude oil by 2023 as this would increase the country’s refining capacity, according to the Nigerian Content Development Monitoring Committee.
The two agencies briefed reporters at separate oil sector events.
Announcing Nigeria’s Mini-Bid Round 2022, the Director General of NUPRC, Gbenga Komolafe, said this was the first of a bidding round aimed at further developing the country’s oil basin.
He said the exercise would be carried out under the Petroleum Industry Act 2021, with its legal and regulatory framework, intended to encourage new investors and investments in the next phase of exploration in this region.
He said the exercise would be managed by the NUPRC, in line with the provisions of the PIA, as the statutory body responsible for ensuring compliance with petroleum laws, regulations and guidelines in the Nigerian petroleum industry.
“The small tender round is a market-driven program and will follow a transparent and competitive procurement process designed to attract competent third-party investors from around the world who have the capacity and expertise to operate in the deepwater environment,” Komolafe. he stated
He added: “Historically, this round of mini-tendering is intended to build on the successes of the last tender held in April 2007, with a total of 45 oil blocks extracted from the inland basins of Anambra, Benue and Chad; Niger Delta continental shelf; Onshore Niger Delta and Deep Offshore bids were placed.
“It was conducted under a different tendering regime in 2007 (Petroleum Act, 1969) and it generated a lot of interest and participation with the revenue in attendance, which made the exercise a success.
“In this year’s round of small tenders, seven offshore blocks covering an area of about 6,700 km2 in water depths between 1,150m and 3,100m are being offered.”
On the modular refineries, NCDMB, Ginah Ginah, the Senior Director, Corporate Communications and Zonal Coordination, NCDMB, disclosed that the Imo State board’s functional modular refinery capacity was being increased to produce more refined products.
Ginah, who spoke at a two-day capacity building workshop on Nigerian content, said: “Our (NCDMB) modular refinery, in partnership with a reputable Nigerian company, has been operational for two years in Imo State.
“They want to increase the capacity of that refinery. The same thing we did with the modular refinery. By the way, next year, we expect to start production of about three. Some of them have additional capacity.’