The 2025 Licensing Round which culminated in a commercial bid conference last Tuesday in Abuja carried a responsibility beyond allocating acreage. It was an opportunity to show that Nigeria’s upstream petroleum regulatory culture is evolving, writes Emmanuel Addeh.

The commission said the commercial evaluation would be based on key bid parameters, including the signature bonus, work programme commitment and commitment to performance security.

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.