Nigeria Awards Oil Blocks
4 articles from 1 country
Nigeria's Upstream Petroleum Regulatory Commission (NUPRC) awards 37 oil and gas blocks to 31 companies in its 2025 Licensing Round. The commission warns against delays in the development of these blocks. A total of 196 companies qualified for the commercial bid stage, though the Federal Government will not automatically award blocks to the highest financial bidder.
NUPRC awards 37 oil blocks, warns against delays
- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has awarded 37 oil and gas blocks to 31 companies following its 2025 Licensing Round. - The commission reported that evaluation team members faced sustained threats and pressure throughout the eight-month licensing process but maintained integrity. - Winning companies must pay signature bonuses and satisfy post-award conditions within…
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 b…
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 …
JUST IN: Highest bidder won’t automatically get oil blocks — FG
- Nigeria's Federal Government will not automatically award oil blocks to the highest financial bidder in the 2025 Licensing Round. - The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will…