NUPRC Moves To Enforce ‘Drill-Or-Drop’ Policy
…gives licence holders an October 31 deadline The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has moved to enforce the “Drill-or-Drop” provisions of the Petroleum Industry Act (PIA) 2021, warning holders of petroleum prospecting licences that non-performing oil acreages could face relinquishment, loss of performance security and revocation. The Commission, in a circular dated September 14,... The post NUPRC Moves To Enforce ‘Drill-Or-Drop’ Policy appeared first on New Telegraph .
AI summary
…gives licence holders an October 31 deadline The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has moved to enforce the “Drill-or-Drop” provisions of the Petroleum Industry Act (PIA) 2021, warning holders of petroleum prospecting licences that non-performing oil acreages could face relinquishment, loss of performance security and revocation. The Commission, in a circular dated September 14,...
The post NUPRC Moves To Enforce ‘Drill-Or-Drop’ Policy appeared first on New Telegraph.
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About this article
- Length
- 69 words · 1 min read
- Published
- September 18, 2026
- Byline
- Regina Otokpa
- Source
- New Telegraph