The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will open the 2025 Licensing Round on December 1, targeting undeveloped oil and gas fields across the country.
Sponsored Ads
NUPRC Chief Executive, Gbenga Komolafe, announced this at the commission’s Project 1MMBOPD Additional Production Investment Forum in London on Tuesday.
LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT
According to a statement by the NUPRC Head of Media and Strategic Communication, Eniola Akinkuotu, the approval for the exercise was granted by President Bola Tinubu, who also serves as the Minister of Petroleum Resources.
RELATED STORIES
Related Posts
LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT
Komolafe said the round would focus on unlocking Nigeria’s unexploited gas assets and boosting upstream production. “We are ready to commence the 2025 Licensing Round beginning from December 1, following the Minister’s approval in line with the Petroleum Industry Act,” he said.
The initiative aims to bring previously discovered but idle fields into commercial operation, stimulate investment, and expand the country’s oil and gas output.
Licensing rounds have been a major part of Nigeria’s energy policy, with notable ones held in 2000, 2005, and 2007. More recent exercises have targeted marginal fields and deepwater blocks. However, several awarded assets in earlier rounds stalled due to financial, technical, or regulatory challenges.
The NUPRC said it would soon release detailed guidelines, including block listings, qualification criteria, and submission timelines, to ensure transparency and attract both local and international investors.
Comments are closed.