NUPRC threatens revocation of non-performing oil licences, sets October 31 deadline
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned holders of non-performing oil licences that they risk losing their acreages if they fail to meet approved work commitments, as it moves to enforce the “Drill-or-Drop” provisions of the Petroleum Industry Act (PIA) 2021. The post NUPRC threatens revocation of non-performing oil licences, sets October 31 deadline appeared first on Nairametrics .
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned holders of non-performing oil licences that they risk losing their acreages if they fail to meet approved work commitments, as it moves to enforce the “Drill-or-Drop” provisions of the Petroleum Industry Act (PIA) 2021.
The post NUPRC threatens revocation of non-performing oil licences, sets October 31 deadline appeared first on Nairametrics.
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About this article
- Length
- 61 words · 1 min read
- Published
- September 19, 2026
- Byline
- Olalekan Adigun
- Source
- Nairametrics