NUPRC releases upstream petroleum decarbonisation template for licence and permit issuances.

The Nigerian Upstream Petroleum Regulatory Commission has released an upstream petroleum decarbonisation template, making it a mandatory requirement for licensing and permitting from January 2. The new template aims to reduce the industry's carbon footprint.

Nigeria's regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has released the new Upstream Petroleum Decarbonisation Template, a mandatory document that will require companies issuing licenses and permits to demonstrate their commitment to reducing greenhouse gas emissions from upstream petroleum activities. The template is set to become effective on January 2, marking a significant step towards the industry's transition to more sustainable practices. By requiring decarbonisation plans, NUPRC aims to increase transparency and accountability among oil and gas companies in Nigeria. The move is part of the country's efforts to reduce its environmental footprint and meet international climate change targets.