Africa’s biggest oil producer has advanced 196 companies in its latest oil licensing round, but 13 blocks failed to attract bids despite efforts to boost production and investment

143 firms are set to compete for 50 oil blocks in Nigeria's 2025 licensing round. Discover how the NUPRC will evaluate bids for these crucial oil blocks.

143 firms are set to compete for 50 oil blocks across Nigeria's major and emerging hydrocarbon basins today. Learn more about the 2025 oil and gas licensin

NUPRC says 13 oil blocks were returned to the government’s licensing basket after they failed to attract bids

'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'

Africa’s biggest oil producer has advanced 196 companies in its latest oil licensing round, but 13 blocks failed to attract bids despite efforts to boost production and investment

Investors shunned 13 oil blocks in Nigeria's 2025 Licensing Round. NUPRC plans fresh bids after further geological studies to de-risk the assets.

• NUPRC targets 500m additional barrels to crude reserves

Nigeria handed out 37 oil and gas blocks to 31 companies on Tuesday, capping a licensing round that regulators say marked the first...

Nigeria has awarded 37 oil and gas blocks to 31 companies after attracting about 200 bids in its 2025 Licensing Round, with frontier basins receiving investor interest for the…