NUPRC sets 2025 licensing deadline
Analysis based on 7 articles · First reported Jun 09, 2026 · Last updated Jun 10, 2026
The setting of the bid submission deadline for Nigeria>>>'s 2025 Oil and Gas Licensing Round is expected to attract approximately $10 billion in investments, potentially adding 400,000 barrels of oil per day to Nigeria>>>'s production capacity. This will positively impact the energy sector and the national economy, signaling a commitment to long-term investment in the upstream sector.
The Nigeria — Nigerian Upstream Petroleum Regulatory Commission>>> (NUPRC) has announced June 12, 2026, as the deadline for technical and commercial bid submissions for the 2025 Oil and Gas Licensing Round. This round, launched in December 2025 under the Petroleum Industry Act, offers 50 oil and gas blocks across various terrains in Nigeria>>>. The initiative aims to attract about $10 billion in investments, unlock approximately two billion barrels of oil over the next decade, and add an estimated 400,000 barrels per day to Nigeria>>>'s production capacity. Oritsemeyiwa Eyesan>>>, the CCE of Nigeria — Nigerian Upstream Petroleum Regulatory Commission>>>, emphasized the round's role in repositioning Nigeria>>>'s upstream sector for serious, long-term investment through a transparent and competitive process. The Nigeria — Nigerian Upstream Petroleum Regulatory Commission>>> has also received ministerial approval for a 2026 Licensing Round, expected to commence by the third quarter of 2026, indicating a commitment to institutionalizing annual licensing rounds.
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