The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially launched the 2025 licensing round, offering 50 oil and gas blocks to investors across the country. The move is aimed at boosting exploration and attracting both local and foreign investment.
The blocks cover a mix of terrains, including onshore, shallow‑water, frontier, and deep‑water assets, giving investors options across key hydrocarbon-rich areas. The commission says these blocks have the potential to significantly increase national reserves.
If fully developed, the new fields could add up to 2 billion barrels of recoverable oil and raise production by hundreds of thousands of barrels per day over the coming decade.
Also Read: Murdered Bilyaminu Bello’s Father Endorses Tinubu’s Mercy Toward Maryam Sanda
The NUPRC has also reduced signature bonuses and provided detailed seismic data to lower risks for operators. Interested parties must first pass a qualification stage before submitting bids through the commission’s dedicated online portal.
Leave feedback about this
You must be logged in to post a comment.