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NUPRC has kicked off the commercial bid phase of its 2025 Oil and Gas Licensing Round on Tuesday, July 21, 2026, at Transcorp Hilton Hotel in Abuja143 qualified companies submitted 200 bids for 50 oil and gas blocks spread across Nigeria’s producing and frontier basinsWinners will be selected based on a weighted score combining signature bonuses, work programme commitments, and performance security
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) opened its commercial bid conference on Tuesday, July 21, 2026, bringing 143 companies into direct competition for 50 oil and gas blocks on offer under the 2025 Oil and Gas Licensing Round.
The event held at the Conference Centre of Transcorp Hilton Hotel in Abuja and was open only to companies that received formal invitations after clearing a rigorous prequalification exercise.
NUPRC kicks off commercial bid conference for 2025 oil licensing round Photo: NurphotoSource: Getty Images
143 Firms Battle for 50 Oil Blocks
NUPRC’s Head of
