The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signed a Petroleum Exploration Licence (PEL) No. 5 agreement with SeaSeisGeophysical Limited (SeaSeis), authorizing the company, in partnership with TGS, to acquire and process new 3D seismic and gravity data.
The Petroleum Exploration Licence (PEL) No. 5 agreement, a three-year agreement, is a major seismic data acquisition project covering an area of 11,700 square kilometres offshore the Eastern Niger Delta in water depths of 400-2800 meters. It empowers the partners to issue data-use licences, with revenues to be shared between the company and the Commission.
The licence is expected to unlock stronger prospectivity, enhance subsurface understanding, and support more efficient development of Nigeria’s hydrocarbon resources in line with Section 71(1-10) of the Petroleum Industry Act (PIA) 2021.
The official execution of the agreement between SeaSeisGeophysical Limited and its partner, TGS, was held on Tuesday, March 24, 2026, at the Commission’s headquarters in Abuja. The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, speaking at the event, said the issuance of the PEL5 licence reflects the Commission’s continued commitment to data-driven exploration, transparency, and long-term value creation for Nigeria and the oil and gas sector.
Eyesan noted that exploration is fundamentally driven by confidence in data and processes, adding that the PELNo. 5 initiative underscores the importance of credible partnerships in achieving national production and reserve growth targets.
“The PIA recognises that we assign licenses on non-exclusive acreages to contractors who are willing to carry out exploration activity, and as the chief superintendent of the industry, we also ensure that we maintain our production targets, including reserves and the only way we can achieve that successfully is if we have partners who are willing to explore,” the CCE said.
The NUPRC boss further stated that the execution of the PEL No. 5 licence signals a growing appetite for exploration activities within the sector.
In his remarks, the Managing Director of SeaSeisGeophysical Limited, Mr. Goke Adeniyi, described the PEL5 as the company’s largest project in Africa, noting that it underscores the scale of opportunity within Nigeria’s upstream sector.
“We are pleased to be here, not just as SEASEIS but in partnership with TGS. Using TGS GeoStreamer dual-sensor tech with long offsets, wide tow, and triple-source – broadband acquisition technology,” Mr. Goke Adeniyi said.
He further noted that the PEL 5 area has been carefully selected – covering approximately 11,700 sq km in the Outer Fold & Thrust Belt of the eastern Niger Delta — Nigeria’s most prolific but geologically complex region.
