NUPRC Sets June 12, 2026 Deadline for Oil Block Bids

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced a deadline of June 12, 2026, for the submission of technical and commercial bids as part of the 2025 licensing round. This announcement was made on a Tuesday, with the commission urging qualified bidders to comply with the strict timelines outlined in the licensing guidelines.

The 2025 licensing round aims to attract approximately $10 billion in investments, offering 50 oil and gas blocks, including 15 onshore blocks, 19 shallow water blocks, and 15 frontier deep water blocks. The NUPRC projects that this round could unlock around 2 billion barrels of oil over the next decade, potentially adding 400,000 barrels per day when fully developed.

The commission's Chief Executive, Mr. Oritsemeyiwa Eyesan, expressed satisfaction with the progress of the ongoing licensing round, which is part of a broader strategy to enhance Nigeria's hydrocarbon production and investor confidence in the sector.