Nigerian Upstream Petroleum Regulatory Commission. Photo: NUPRC
The Nigerian Upstream Petroleum Regulatory Commission will on Tuesday open the decisive commercial phase of the 2025 oil and gas licensing round with 143 companies set to compete for 50 blocks spread across Nigeria’s major and emerging hydrocarbon basins.
The commercial bid conference, which is strictly by invitation, is scheduled to hold at the Conference Centre of the Transcorp Hilton Hotel, Abuja.
The development marks the latest stage in a licensing process that began in November 2025 and has attracted significant interest from companies seeking access to Nigeria’s upstream petroleum assets.
In a statement issued on Monday, the Head of Media and Corporate Communications of the NUPRC, Eniola Akinkuotu, said companies that successfully scaled the prequalification process had been notified and invited to physically attend the commercial bid conference.
