Nigeria’s ambitious 2025 oil licensing round is expected to benefit from sustained oil asset protection, as stakeholders emphasise pipeline security and Niger Delta stability to attract investment, DARE OLAWIN writes
The country’s 2025 upstream oil licensing round has set ambitious production and reserve targets, with the Nigerian Upstream Petroleum Regulatory Commission seeking to add 500 million barrels to the country’s reserves and increase crude oil production by 300,000 barrels per day within three years.
Industry stakeholders say achieving those objectives will depend not only on attracting investment but also on protecting oil assets, tackling crude oil theft, and maintaining stability in the Niger Delta.
The 2025 licensing round underscores Nigeria’s efforts to strengthen upstream investment and expand exploration activities. According to the NUPRC, 143 companies submitted 200 bids for 37 of the 50 blocks offered during the commercial bid phase. The regulator expects the exercise to support reserve growth and
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