The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has launched the portal for the 2025 Licensing Round, offering 50 oil and gas blocks as the government seeks to attract up to $10 billion in new investments.
The available assets comprise 15 onshore blocks, 19 shallow-water blocks, 15 frontier basins, and one deep-water block. The round is expected to add as much as two billion barrels to the country’s oil reserves over the next decade.
Speaking at a press conference on Monday, the Commission Chief Executive, Engr. Gbenga Komolafe, said the blocks span onshore, swamp/shallow water, frontier, and deep-water terrains. He noted that when fully developed, the assets could deliver an estimated 400,000 barrels of oil per day.
According to him, the 2025 Licensing Round aims to boost reserves, raise production capacity, expand gas utilisation, and create thousands of jobs across the oil and gas value chain.
Other objectives include strengthening indigenous participation and reinforcing Nigeria’s commitment to transparency in line with the Extractive Industries Transparency Initiative (EITI) standards.
