Breaking News
NUPRC Signs Major Seismic Data Deal to Boost Oil Exploration in Niger Delta
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has signed a Petroleum Exploration Licence, PEL Five agreement with SeaSeisGeophysical ltd, in partnership with global data firm TGS.
The agreement authorises the acquisition and processing of new three-dimensional seismic and gravity data across 11,700 square kilometres offshore area in the Eastern Niger Delta.
The project, which spans water depths of 400 to 2800 metres, is expected to run for three years in a bid to strengthen oil exploration and unlock new hydrocarbon prospects in the region.
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