PETROLEUM DIRECTORATE TO REBOOT FOURTH PETROLEUM LICENSING ROUND

Following the successful conclusion of the extensive industry consultations, the Petroleum Directorate is about to resume the Fourth Petroleum Licensing Round originally launched in January 2018, and eventually extended to September 2018 but later put on hold pending the said consultations.

In collaboration with a key technical partner ERCL, the Directorate has finalized plans to re-activate the nation’s Fourth Petroleum Licensing Round which is attracting key International oil corporations-both majors and small independents.

Given the interest so far generated on the basis of the scope and frequency of inquiries, it would be safe to project that the impending Licensing Round will become one of the most successful Licensing Rounds the country has ever organized. It is hoped that the momentum will be sustained.

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