By Obas Esiedesa, Abuja
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced 31 companies as winners of 37 oil and gas blocks in the 2025 Licensing Round, following a competitive bidding process that attracted 200 bids from 143 companies.
The winners emerged at the commercial bid conference held on Tuesday at the Transcorp Event Centre, Abuja, marking the conclusion of the competitive phase of the licensing exercise.
According to the commission, the 37 awarded blocks were selected from the 50 oil and gas blocks offered across the Niger Delta onshore, shallow water and deep offshore areas, as well as the frontier basins of the Benue Trough, Chad Basin, Anambra Basin and Benin Basin.
NUPRC said while 37 blocks attracted bids, 13 received no offers. It described the outcome as a milestone, noting that it was the first time Nigeria’s frontier basins had attracted such a high level of investor interest.
