Nigeria Oil Licensing Round
5 articles from 1 country
Nigeria is launching its 2025 and 2026 oil and gas licensing rounds to attract investment and boost production. President Bola Tinubu has approved the commencement of these rounds, aiming to increase output by 300,000 barrels per day over three years. The 2025 round has advanced 143 companies to the final bidding stage for 50 oil and gas blocks.
Nigeria awards 37 oil blocks to 31 firms in 2025 licensing round
- Nigeria's upstream petroleum regulator awarded 37 oil and gas blocks to 31 companies in its 2025 Licensing Round. - The competitive bidding process attracted 200 bids from 143 companies for the 50 blocks offered. - Successful bidders must pay signature bonuses and secure ministerial approval to finalize awards, facing strict 'drill or drop' enforcement.
Tinubu approves new oil licensing round for 2026
- President Bola Tinubu has approved the commencement of the 2026 oil and gas licensing round to attract investment and offer new opportunities. - This marks Nigeria's third consecutive competitive bi…
Nigeria Targets 300,000 Bpd Oil Boost with 2025 Bid Round, Plans 2026 Sale
- Nigeria's Federal Government aims to boost oil production by an additional 300,000 barrels per day over three years through its 2025 Licensing Round. - A new bid round is planned for 2026 to further…
JUST IN: Nigeria returns 13 oil blocks after 196 firms qualify for commercial bid
- Nigeria's Upstream Petroleum Regulatory Commission (NUPRC) announced 196 companies qualified for the 2025 oil licensing round's commercial bid stage. - Thirteen of the 50 offered oil blocks did not …
143 Firms Vie for 50 Oil and Gas Blocks in Nigeria's Final Bidding Stage
- Nigeria's 2025 Licensing Round has advanced 143 companies to the final commercial bidding stage for 50 oil and gas blocks. - The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will host a…