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NUPRC Secures Over $400m In Pre-Sale Decommissioning, Abandonment Liabilities

NUPRC Secures Over $400m In Pre-Sale Decommissioning, Abandonment Liabilities

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has said that Nigeria was 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 this disclosure on Wednesday at the...The post NUPRC Secures Over $400m In Pre-Sale Decommissioning, Abandonment Liabilities appeared first on New Telegraph.

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