NUPRC Announces 2025 Oil Licensing Round to Unlock Nigeria's Energy Potential
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed plans to kick off the 2025 oil licensing round on December 1, 2025. The Chief Executive Commissioner, Engr. Gbenga Komolaf, announced the project during an investment forum in London.
The initiative seeks to accelerate upstream production by exploring and exploiting previously undiscovered fields. Several indigenous oil and gas firms have been awarded petroleum prospect licenses to explore and produce hydrocarbons.
The move aligns with Nigeria's goal of achieving a 1 million barrel per day increment in oil production. Transparency and competitiveness are emphasized in the bidding process, ensuring a fair and technology-driven selection of projects.
Plus234Feed summary based on reporting from NairaMetrics. Read the original report below.
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