Abuja, Dec 31 – Applicants for oil licenses in Nigeria must provide evidence of low-carbon emissions and renewable energy programs starting Wednesday, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced on Tuesday.
Gbenga Komolafe, head of the NUPRC, said the policy aligns with Nigeria’s goal of achieving net-zero carbon emissions by 2060. The commission has introduced an Upstream Petroleum Decarbonisation Template (UPDT) to guide companies in meeting the requirements.
Enforcement of the policy begins on Jan. 1, 2025, covering all upstream sector approvals, including divestments. Komolafe said the initiative is part of efforts to align the petroleum sector with national and global climate objectives.
Applicants will also be required to implement methane management measures, such as leak detection and repairs, and integrate energy-efficient technologies and renewable energy into their operations.
