NUPRC Approves 94 Decommissioning, Abandonment Plans, Secures $400m In Pre-sale Liabilities

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The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe, has said Nigeria is applying lessons from costly global divestment cases to safeguard its oil and gas sector, securing over $400 million in decommissioning liabilities and setting stricter rules for recent asset transfers.

Komolafe made the disclosure during his remarks at the…

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