Tag: #DrillOrDrop
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NUPRC TO ENFORCE ‘DRILL-OR-DROP’ RULE ON NON-PERFORMING OIL LICENCES
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it will enforce the “Drill-or-Drop” provisions of the Petroleum Industry Act (PIA) 2021 against oil licence holders who fail to meet their statutory obligations. NUPRC Chief Executive, Mrs Oritsemeyiwa Eyesan, disclosed this, on Friday September 18, in a circular to holders of licences awarded under the 2020…
