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.
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 bid round, following the 2025 exercise. - The Nigerian Upstream Petroleum Regulatory Commission confirmed preparations are underway, encouraging unsuccessful bidders from the current round to prepare fo…
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…
143 firms vie for 50 oil blocks in Nigeria's 2025 licensing round
- Nigeria's Upstream Petroleum Regulatory Commission is opening the commercial phase of its 2025 oil and gas licensing round. - 143 companies will compete for 50 blocks across various Nigerian hydroca…