By Peter Omopo
The Nigerian Upstream Petroleum Regulatory Commission has signed a Petroleum Exploration Licence (PEL) No. 5 agreement with SeaSeisGeophysical Limited to advance offshore oil and gas exploration in Nigeria.
The agreement, signed in Abuja, authorises SeaSeis, in partnership with global data firm TGS, to carry out the acquisition and processing of new 3D seismic and gravity data.
The PEL 5 project will cover an estimated 11,700 square kilometres offshore the Eastern Niger Delta, spanning water depths between 400 and 2,800 metres.
According to the Commission, the initiative is expected to improve subsurface understanding, enhance exploration prospects, and support more efficient development of Nigeria’s hydrocarbon resources in line with the Petroleum Industry Act 2021.
Speaking at the signing ceremony, the Commission Chief Executive of NUPRC, Oritsemeyiwa Eyesan, said the agreement reflects the Commission’s commitment to data-driven exploration, transparency, and long-term value creation in the oil and gas sector.
She noted that the project would generate critical geological data needed to attract investment and unlock new opportunities in Nigeria’s upstream industry.
In his remarks, the Managing Director of SeaSeisGeophysical Limited, Goke Adeniyi, described the PEL 5 project as the company’s largest in Africa, highlighting the significant potential of Nigeria’s offshore energy resources.
The partnership is expected to strengthen collaboration between regulators and industry stakeholders while supporting efforts to optimise resource development and sustain growth in the sector.
