The Federal Government has announced that 13 oil and gas blocks offered during the 2025 Licensing Round will be returned to the national licensing pool after failing to attract investor bids.
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The disclosure was made on Tuesday in Abuja by the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, during the 2025 Commercial Bid Conference.
According to Eyesan, the government made 50 oil and gas blocks available for bidding across various sedimentary basins, but only 37 attracted interest from prospective investors.
“At the end of the exercise, we had 50 blocks on offer, but representations were received for only 37 of them. The remaining 13 blocks will be returned to the licensing basket,” she said.
