The Nigerian Upstream Petroleum Regulatory Commission has announced the emergence of 31 companies as winners of 37 oil and gas blocks at the 2025 Licensing Round which was held in Abuja on Tuesday.
A total of 143 companies had submitted 200 bids for 37 out of the 50 oil and gas blocks originally put on offer. However, only 31 companies successfully clinched the assets, which were drawn from diverse terrains, including the Niger Delta Onshore (16), Niger Delta Shallow Water (18), Niger Delta Deep Offshore (1), the Benin Basin Onshore (3), the Anambra Basin Onshore (4), Chad Basin Onshore (4), and Benue Trough (4).
According to the commission, of the 50 blocks on offer, 37 received bids, while ‘no bids’ were submitted for the remaining 13. It also explained that the 37 blocks that attracted bids were drawn from all the terrains, including the frontier basins like the Benue Trough,
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