The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to revoke petroleum prospecting licences (PPLs) whose holders fail to meet their statutory work commitments, giving affected operators until October 31, 2026 to disclose challenges delaying the development of their acreages. The warning covers holders of licences awarded under the 2020 Marginal Field Bid Round, 2022/2023 Mini Bid Round, and 2024 Licensing Round. In a circular dated September 14, 2026 and signed by Commission Chief Executive Mrs Oritsemeyiwa Eyesan, NUPRC said it was moving to enforce the “drill-or-drop” provisions of the Petroleum Industry Act (PIA) 2021 as part of efforts to increase oil and gas production. The Commission warned that it would enforce the provisions against non-performing acreages, including refusing extension, requiring relinquishment, calling in the work performance security, and commencing revocation proceedings.
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