In line with the Petroleum Industry Act (PIA) 2021, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has taken a bold step towards oil and gas transparency in Nigeria. The Commission has officially released the Nigerian Upstream Concession Situation Report, which contains the complete list of oil blocks in Nigeria and the companies that own them.
Why This Matters
Section 7(m) of the PIA 2021 empowers the NUPRC to ensure openness in the petroleum sector. By publishing the owners of petroleum licences in Nigeria, the Commission is giving stakeholders, investors, and citizens direct access to vital information that was previously hard to obtain.
Key Highlights from the Report
The report, dated 1st August 2022, covers:
• Companies with Petroleum Exploration Licences (PELs) and Petroleum Prospecting Licences (PPLs)
• Area sizes of licensed blocks (in square kilometers)
• Equity distribution percentages among partners
• Geological location/terrain (Niger Delta onshore and offshore)
• Dates of licence grant and expiration
For example:
• TGS-Petrodata Offshore Services Ltd holds PEL 1, covering 56,500 sq.km in the Niger Delta Deep Offshore.
• Several firms including Ereibina Energy Resources Ltd, Omega-Butler Marginal Fields Ltd, and Petrogras Energy Trade W.A Ltd are listed under PPLs in the Niger Delta Onshore.
A Step Towards Transparency
This publication is a significant milestone for Nigeria’s oil and gas sector. It provides clear insights into who controls which oil blocks, ensuring that NUPRC petroleum licences are managed with accountability. It also gives potential investors more confidence in the regulatory process and resource management.
For the full list of oil block owners in Nigeria, visit the official NUPRC website.
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