The Acreage Management Division’s overarching objective is to effectively administer Nigeria’s oil and gas concessions in accordance with the Petroleum Act, Petroleum Industry Act, Regulations, Guidelines, and Best Practices.
The Division consists of Acreage Administration and Basinal Administration, with the following key responsibilities:
- Maintain a comprehensive database of oil and gas concessions for use by government agencies, investors, and industry stakeholders.
- Evaluate hydrocarbon potential in sedimentary basins and recommend blocks for licensing rounds.
- Conduct licensing rounds and assign open blocks to boost oil and gas production.
- Process and recommend applications for license/lease allocations, assignments of interest, renewals, conversions, extensions, and relinquishments. Categories of licenses/leases under this purview include Oil Prospecting Licenses (OPLs), Oil Mining Leases (OMLs), Petroleum Prospecting Licenses (PPLs) and Petroleum Mining Licenses (PMLS).
- Evaluate license/lease performance relative to award terms and provide feedback on performance rating. Efforts include sharing best practices with license/lease holders to achieve enhanced performance.
- Make recommendations to revoke non-performing fields/concessions.
- Collaborate with Multi-Client Data companies to conduct speculative surveys and provide data to investors and industry stakeholders.
- Compile crude oil and gas production figures on state/field levels and transmit them to the Revenue Mobilization Allocation and Fiscal Commission (RMAFC).
- Provide Mapping and Geographic Information System (GlS) services for oil and gas concession maps.