Six months after taking over the leadership of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan is beginning to put her stamp on an institution central to Nigeria’s ambition of restoring oil production, attracting investment and strengthening regulatory credibility, writes Emmanuel Addeh
A Different Kind of Licensing Round
The success of Nigeria’s 2025 licensing round cannot be measured only by the number of bids received but also by the quality of entities which participated.
Alongside Nigerian indigenous companies, the exercise attracted significant interest from International Oil Companies (IOCs) and, for the first time, meaningful participation from international independents.
Without doubt, these companies bring deepwater expertise, frontier capital and global operating experience, having traditionally favoured jurisdictions with more predictable regulatory environments.
