The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has granted 42 firms gas flaring licenses in the 2022 Nigerian Gas Flare Commercialisation Programme auction process.
The successful 42 winners emerged out of the 300 companies/entities that indicated an interest in either revalidating their pre-qualification status as existing participants or submitting a Statement of Qualification as new participants.
NUPRC also confirmed that 38 of the companies/entities have been awarded 40 Flare Sites for standalone single flare site development, while four were awarded nine sites to be developed as clusters.
It added that the issuance of letters of award to the successful awardees was ongoing.
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NUPRC said:
“The engagements by the Commission were to galvanise and sustain interest in the programme, attract investments and stimulate participation by local and foreign entities.
“In response to the Request for Qualification issued in the fourth quarter of 2022, 300 companies/entities indicated interest in either revalidating their prequalification status as existing participants or submitting Statement of Qualification as new participants.
“Following the evaluation of SOQs, a total of 139 applicants were deemed successful and awarded the Qualified Applicant status.
“Subsequently, in the first quarter of 2023, the Commission issued the Request for Proposal to enable qualified applicants to put together their respective proposals for any of the 49 flare sites on offer.
“Eighty-eight entities, comprising individual companies and consortiums responded to the RFP and submitted a total of 137 proposals, each containing technical, commercial and financial documentation for one or more of the 49 flare sites for either standalone or cluster development.
“The Management congratulates the successful bidders and encourages them to follow through with the final stages of the programme towards becoming Permit Holders and executors of viable projects that would harness flare gas for value creation.”
