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Nigeria cuts 2025 oil bid bonuses to boost investment in 50 new blocks.
Nigeria has lowered the signature bonus for its 2025 petroleum licensing round to $3 million to $7 million to reduce entry barriers and attract investment.
The round offers 50 oil blocks across onshore, shallow water, and deep offshore areas, open to local and foreign companies without prior registration.
Bids must meet financial thresholds—$100 million annual turnover for deep offshore, $40 million for onshore and shallow water—and demonstrate technical and financial capacity.
The process runs from November 17, 2025, to July 17, 2026, with initial licenses lasting three years and possible extensions.
The NUPRC confirmed $185 million and N14.9 billion have been approved for NNPC, with disbursement pending certified work programs.
Nigeria recorta las bonificaciones de las ofertas petroleras de 2025 para impulsar la inversión en 50 nuevos bloques.