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Nigeria has awarded 37 oil and gas blocks to successful bidders in its 2025 Licensing Round, marking a major milestone in the country’s efforts to attract investment, expand exploration and unlock new hydrocarbon reserves.The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced that 31 companies emerged winners after a competitive commercial bid conference held in Abuja. The licensing exercise attracted significant investor interest, with about 200 bids submitted by 143 companies seeking access to Nigeria’s upstream assets.The 2025 round offered 50 oil and gas blocks across different terrains, including onshore, shallow-water, deep offshore and frontier basins. While 37 blocks secured successful bids, 13 blocks failed to attract any offers and will be returned to the licensing pool for future opportunities.A major highlight of the exercise was the unprecedented interest in Nigeria’s frontier basins, with areas that had historically received limited exploration attention attracting successful bids for the first time at this scale.The NUPRC said the development reflects growing confidence among investors in the potential of previously underexplored regions, including the Benue Trough, Chad Basin, Anambra Basin and Benin Basin.The awarded assets cut across several strategic areas of Nigeria’s oil and gas landscape, including the Niger Delta onshore and shallow-water regions, deep offshore fields and emerging frontier exploration zones.NUPRC Chief Executive, Oritsemeyiwa Eyesan, said the outcome demonstrates renewed investor appetite for Nigeria’s upstream sector and highlights the effectiveness of reforms introduced under the Petroleum Industry Act.The successful bidders include SSonic Petroleum Limited, CFP Pipeline and Flowlines, Dutchford E&P Limited, Attabanson Global Company…
Nigeria has awarded 37 oil and gas blocks to successful bidders in its 2025 Licensing Round, marking a major milestone in the country’s efforts to attract investment, expand exploration and unlock new hydrocarbon reserves.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced that 31 companies emerged winners after a competitive commercial bid conference held in Abuja. The licensing exercise attracted significant investor interest, with about 200 bids submitted by 143 companies seeking access to Nigeria’s upstream assets.
The 2025 round offered 50 oil and gas blocks across different terrains, including onshore, shallow-water, deep offshore and frontier basins. While 37 blocks secured successful bids, 13 blocks failed to attract any offers and will be returned to the licensing pool for future opportunities.
A major highlight of the exercise was the unprecedented interest in Nigeria’s frontier basins, with areas that had historically received limited exploration attention attracting successful bids for the first time at this scale.
The NUPRC said the development reflects growing confidence among investors in the potential of previously underexplored regions, including the Benue Trough, Chad Basin, Anambra Basin and Benin Basin.
The awarded assets cut across several strategic areas of Nigeria’s oil and gas landscape, including the Niger Delta onshore and shallow-water regions, deep offshore fields and emerging frontier exploration zones.
NUPRC Chief Executive, Oritsemeyiwa Eyesan, said the outcome demonstrates renewed investor appetite for Nigeria’s upstream sector and highlights the effectiveness of reforms introduced under the Petroleum Industry Act.
The successful bidders include SSonic Petroleum Limited, CFP Pipeline and Flowlines, Dutchford E&P Limited, Attabanson Global Company…
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