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flag Nigeria’s 2025 oil licensing round pre-qualifies 34 firms to bid on 50 blocks.

flag The Nigerian Upstream Petroleum Regulatory Commission has completed pre-qualification for its 2025 oil and gas licensing round, notifying 34 companies on March 16, 2026. flag These firms may now lease subsurface data from two designated providers to prepare bids, with proof of payment required before submission. flag The auction, offering 50 blocks across major basins, aims to boost exploration and production. flag Bidding is digital, with evaluations underway ahead of final awards, as Nigeria seeks to attract serious investors and strengthen its upstream sector.

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