The Commission (NUPRC) has yet again recorded another feat by attracting more investments into the nation’s Oil and Gas Sector.
This is coming at the point where the Argentinian Ambassador to Nigeria, Mr. Alejandaro Herrero declares his country’s willingness to key into the exploration and production of gas in Nigeria.
The Ambassador, who was on a courtesy visit to NUPRC, told the Commission Chief Executive that his country is out to explore every opportunity for partnership and investment within the Nigerian Gas fields.
Engr. Gbenga Komolafe, who was unequivocal on Commission’s drive towards strengthening the Nigerian Oil and Gas Sector told the Argentinian Ambassador that, the commission has come up with robust regulations and policies that paves way for ease of doing business in accordance with global best practices.
According to him, the petroleum fiscal systems in Nigeria is now opting for production sharing contracts (PSC) as a new model of agreement for the exploration and production of oil and gas resources.
He added that, the commission will in a matter of weeks commence auction of uncommitted Gas fields in Nigeria.