The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says 50 oil and gas blocks located in various basins and terrains will be offered to interested investors during the 2025 petroleum licensing round.
On November 11, the commission said the 2025 petroleum licensing bid round will commence by December 1, following approval from President Bola Tinubu.
In a statement on Friday, the commission said the licensing round is being conducted in accordance with the provisions of the Petroleum Industry Act (PIA) 2021.
“The Commission has identified fifty (50) oil and gas blocks across onshore and offshore (shallow and deepwater) terrains spanning across several diverse basins that will be made available to interested investors,” the statement reads.
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“Detailed guidelines, participation requirements, and block information shall be accessible on the Licensing Round portal upon its official launch.”
Furthermore, NUPRC invited the public to a pre-bid conference in Lagos on December 17.
Also, the commission said road shows would be held in Dubai on January 5, 2026, Singapore on January 8, 2026, Beijing on January 12, 2026, and Houston on January 19, 2026.
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“The Licensing Round is a key component of the Commission’s mandate under the PIA to enhance Nigeria’s upstream development, attract investment, and expand national hydrocarbon reserves,” the agency said.
“Detailed information, including the Licensing Round Guidelines, block descriptions, and participation instructions, will be available on the dedicated portal upon launch at: www.nuprc.gov.ng br2025.nuprc.gov.ng.”
The NUPRC reaffirmed its commitment to an open, fair, transparent, and competitive bid process.
The commission said it was also dedicated to partnering with entities “that share our dedication to excellence, safety, and environmental stewardship”.
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“It is a great privilege to announce the 2025 Petroleum Licensing Round,” NUPRC said.
The agency said it anticipated participation from stakeholders and was excited about the prospects that the new phase will bring to the forefront of the energy industry.
