NUPRC shortlists bidders for 2025 petroleum licensing round

Date:

By Abubakar Yunusa

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has completed the pre-qualification stage of the 2025 licensing round.

In a statement on Tuesday by Eniola Akinkuotu, NUPRC’s spokesperson, the commission said successful applicants have been duly notified.

“The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) wishes to inform the public that it has completed the pre-qualification stage of the 2025 Licensing Round and has notified successful pre-qualified applicants accordingly,” the statement reads.

“This was done on March 16, 2026 in line with the 2025 Licensing Round Guidelines.

“With the pre-qualification stage now successfully completed, the Commission will from today, March 17, 2026, permit successful applicants to lease data in preparation for the technical and commercial bid submissions.”

READ MORE  How AI, Smart Tech can help workers more efficiently at Home: The LG ways...

The commission said pre-qualified applicants are required to obtain data exclusively from the two approved sources (where applicable) and must upload proof of payment as a condition for submitting their bids.

The regulator, on November 28, 2025, disclosed that 50 oil and gas blocks located in various basins and terrains will be offered to interested investors during the 2025 petroleum licensing round.

On December 1, 2025, the commission announced the official commencement of the 2025 petroleum licensing round, targeting about $10 billion in new investments.

On January 28, Oritsemeyiwa Eyesan, chief executive officer (CEO) of the NUPRC, said only bidders with high technical and financial credentials, professionalism, and credible plans will advance in the licensing round.

READ MORE  WAPP, ERERA launch Regional Electricity Market June 2018 -TCN MD

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Do It Personally, Its Far More Enriching

While reflecting on verse 10 of Sūrat al-Munāfiqūn, I...

258km Makurdi-Otukpo-Enugu Highway to be completed in 2027

  As Onanuga says ongoing projects have justified Tinubu's...

Daily Times Unveils DTN@100 Heroes as Four Distinguished Leaders Earn Prestigious Honours

The Organising Council of the Daily Times Nigeria Centenary...

Tinubu should resign over freezing of Osun accounts – Adebayo

By Jude Opara Certainly the last may not have...