Federal Government has announced the new winners of Petroleum Prospecting Licenses (PPLs) in Nigeria.
The winners were announced at the commercial bid conference in Lagos on Wednesday, December 18, 2024.
The new winners include SIFAX & RoyalGate Consortium, which won PPL 300-DO; OceanGate Engineering Oil and Gas Ltd won PPL 302-DO and PPL 3007; Homeland Integrated is the winner of PPL 304-DO; Hakilat Oil & Gas Consortium Ltd trounced the NNPC E&P to clinch PPL 305-DO; and BISWAL Oil & Gas Ltd, which also defeated the NNPC E&P to win PPL 306-DO.
Reports revealed that MRS Oil and Gas defeated NNPC E&P to win the PPL 303-DO. Also, Petroli Energy Marketing and Supply Limited received licencing for PPL. Others include Sahara Deepwater Resources Ltd, which won PPL 270 and PPL 271; Panout Oil & Gas beat TotalEnergies and three other bidders to secure PPL 300/301 CS. Panout also claimed PPL 3015.
Additionally, TotalEnergies E&P won PPL 2000/2001. As only bidders, BISWAL emerger winners of PPL 2002; First E&P won PPL 2003 and PPL 2006; Deywayles International Limited got PPL 2004; Applefield Oil & Gas received licensing for PPL 2005; R28 Holdings Ltd became winners of PPL 2007 and PPL 3011; Tulcan Energy E&P won PPL 2008 and 3012; Broron Energy secured PPL 2009; Hakilat Oil & Gas received PPL 3016; and Applefield Oil & Gas won PPL 3017 as winners.
Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), said another oil licensing bid round will occur next year.
He disclosed that the 2025 exercise would be devoted to unexplored assets.
