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businesspost - 1 month ago

PETAN Backs Nigeria’s 2024 Oil Bid Round

By Adedapo Adesanya The Petroleum Technology Association of Nigeria (PETAN) has thrown its weight behind the 2024 Nigeria oil bid round, saying the exercise will be successful. According to a statement, the Chairman of PETAN, Mr Wole Ogunsanya, while speaking at the just concluded Offshore Technology Conference (OTC) in Houston, Texas US, said that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which was overseeing the bids, would ensure that the right investors were attracted. He stated that the process had been enhanced by the Petroleum Industry Act (PIA) signed by former President Muhammadu Buhari in 2021. According to him, the


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