The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has identified 50 oil blocks that will be offered to interested investors during the 2025 petroleum licensing round.
The Commission had earlier announced that the 2025 petroleum licensing round would take effect from December 1, 2025.
It also clarified that the exercise, which is being conducted in accordance with provisions of the Petroleum Industry Act 2021, was approved by President Bola Tinubu, who doubles as the Minister of Petroleum Resources.
In a statement released on Friday, November 28, and signed by NUPRC Chief Executive, Engr Gbenga Komolafe, the Commission said: “The Commission has identified 50 oil and gas blocks across onshore and offshore (shallow and deep-water) terrains spanning across several diverse basins that will be made available to interested investors.”
It said the detailed guidelines for participation and oil block information will be made available on the Licensing Round portal upon its official launch.
NUPRC emphasised that “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.”
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It announced that there will be a pre-bid conference scheduled to hold at Eko Hotels & Suites, Lagos, on December 17, 2025. Other activities lined up by the Commission to broaden international participation in the bidding exercise include road shows in Dubai on 5th January 2026, Singapore on 8th January 2026, Beijing on 12th January 2026, and Houston on 19th January 2026.
The NUPRC reaffirmed its commitment to an open, fair, transparent, and competitive bid process. “We are also committed to partnering with entities that share our dedication to excellence, safety and environmental stewardship,” the Commission further stated.
The bidding exercise is a significant event aimed at revitalizing Nigeria’s oil and gas sector and attracting fresh international investment.
This licensing round is a cornerstone of President Bola Tinubu’s administration’s strategy to boost Nigeria’s crude oil production and solidify its position as a leading energy producer.
Industry watchers believe that the Nigeria 2025 Oil Block Licensing Round represents a critical test for the country’s reformed energy sector. Its success or failure will be a key indicator of whether the promises of the PIA can translate into tangible international investment. Experts note that if successful, it could unlock billions of dollars in investment, boost production, and set a positive trajectory for Nigeria’s oil and gas industry for the next decade.
Victor Ezeja is a passionate journalist, scholar and analyst of socioeconomic issues in Nigeria and Africa. He is skilled in energy reporting, business and economy, and holds a master's degree in mass communication.
