Latest News
Nigerian National Petroleum Company (NNPC) Limited has released a report showing that no fewer than 36 oil blocks are under concession to international oil companies operating in Nigeria and their indigenous counterparts in the country.
Eight blocks are located in deepwater, five blocks are continental shelf, fifteen blocks are on land, five blocks are located in swamp and another three blocks are located in partially swamp terrains.
The blocks are classified into Oil Prospecting Licence (OPL), and Oil Mining Licence (OML).
The national oil company’s financial statements outlined the blocks on concession to include OPLs 244, 242, 214, 223, 251 and 325. For the Oil Mining Licences, they include OMLs 154, 139, 119, 60-63, 111, 148, 65, 26, 28 and 30.