The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially launched the 2025 licensing Round, with a target of attracting up to $10 billion in investments. The Commission has officially opened the 2025 licensing Round Portal - http://br2025.nuprc.gov.ng for entries by potential investors. Pinnacle Daily had reported that the upstream regulator announced plans to commence the …
Nigeria Targets $10bn Investments from 2025 Licensing Round As NUPRC Opens Portal
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially launched the 2025 licensing Round, with a target of attracting up to $10 billion in investments.
The Commission has officially opened the 2025 licensing Round Portal – br2025.nuprc.gov.ng for entries by potential investors.
Pinnacle Daily had reported that the upstream regulator announced plans to commence the 2025 oil block licensing bid round on December 1.
NUPRC said it is also targeting an additional two billion barrels to the national oil reserves over the next 10 years.
In a press conference on Monday, December 1, Chief Executive, Engineer Gbenga Komolafe said the Commission is offering 50 oil and gas blocks across onshore, swamp/shallow water, frontier basins, and deep-water terrain.
READ ALSO: NUPRC Offers 50 Oil Blocks to Investors in December Licensing Round
According to a statement released after the press conference, the oil blocks include 15 onshore blocks, 19 shallow water blocks, 15 frontier assets, and 1 deep-water block.
Komolafe stated that once fully developed, these blocks can produce an estimated 400,000 barrels per day.
The NUPRC highlighted the key goals of the 2025 Licensing Round, which include increasing Nigeria’s reserves, increasing oil production capacity, expanding gas utilisation, creating thousands of jobs across the value chain, increasing indigenous participation, and reinforcing Nigeria’s commitment to transparency in accordance with the Extractive Industries Transparency Initiative (EITI) principles.
Komolafe stated that the process will be carried out using a fully automated, digital bidding platform to ensure transparency, predictability, and global competitiveness.
He stressed that the licensing round is in line with the provisions of the Petroleum Industry Act (PIA) 2021, which requires a fair, transparent, and competitive bid process.
READ ALSO: NNPC Revenue Rises by 18.9% as Profit Doubles in October
He announced a substantial reduction in signature bonuses, stating that it is a deliberate effort to lower entry barriers and increase competitiveness.
According to him, the exercise will follow a two-stage process: a qualification stage and a technical and commercial bid stage, with guidelines already published on the Commission’s website.
The NUPRC CEO indicated that during the assessment, the emphasis would be on technical competency, professional capacity, and financial capability rather than the age or date of establishment of bidding businesses.
He urged investors at home and abroad to seize the opportunity, describing the 2025 bid round as a significant opportunity for fresh investments in Nigeria’s upstream sector.
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. He can be reached via @VICTOREZEJA on X
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