Develop Assets Or Lose Licences, NUPRC Warns New Oil Block Owners

…insists on compliance with PIA, environmental standards The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned newly awarded holders of Petroleum Prospecting Licences (PPLs) to commence development of their assets without delay or risk forfeiting the licences under the “drill or drop” provisions of the Petroleum Industry Act (PIA).Meet Andrew Burnham, UK 59th Prime…