17 marginal fields producing in Nigeria –NUPRC
By: Sun Newspaper
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says 17 marginal oilfields are currently producing out of 30 fields awarded since its inception in 1999.
Mr Gbenga Komolafe, Commission’s Chief Executive, NUPRC, made this known at the Association of Energy Correspondents of Nigeria (NAEC) Strategic International Conference on Thursday in Lagos.
“Komolafe, who was represented by Mr Abel Nsa, Head, National Oil and Gas Excellence Centre (NOGEC), said marginal fields award was initiated to increase participation of indigenous companies in the upstream sector and build local content capacity.
He said it was also targeted at creating employment opportunities and encouraging increased capital inflow to the sector and create employment opportunities.
The NUPRC boss said: “Since its inception, 30 fields have been awarded and 17 are currently producing.