By Emmanuella Anokam
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said 31 companies won 37 oil and gas blocks in the bid conducted for its 2025 Licensing Round held in Abuja.
NUPRC announced the successful bidders at the commercial bid conference held on Tuesday.
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A total of 143 companies had submitted 200 bids for 37 out of the 50 oil and gas blocks drawn from diverse terrains originally put on offer.
The terrains include the Niger Delta Onshore (16), Niger Delta Shallow Water (18), Niger Delta Deep Offshore (one), Benin Basin Onshore (three), Anambra Basin Onshore (four), Chad Basin Onshore (four) and Benue Trough onsure (four).
Of the 50 blocks on offer, 37 received bids while no bids were submitted for the remaining 13.
The 37 blocks that attracted bids were drawn from all the terrains, including the frontier basins like the Benue Trough, Chad Basin, Anambra Basin
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