NUPRC GIVES GREEN LIGHT: 2025 OIL BID ROUND MOVES TO NEXT PHASE
GREATRIBUNETVNEWS–THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has completed the pre-qualification stage for the 2025 oil and gas licensing round, shortlisting bidders for 50 blocks .
Key Issues:
– _”The Commission will from today, March 17, 2026, permit successful applicants to lease data in preparation for the technical and commercial bid submissions.”_ – NUPRC
– 50 Blocks on Offer: Onshore, shallow water, deep offshore, and frontier acreages across multiple sedimentary basins.
– _”The 2025 oil licensing round marks one of the most closely watched upstream exercises in Nigeria in recent years.”_ – THISDAYLIVE
– Pre-qualification Criteria: Companies must meet requirements outlined in the 2025 Licensing Round Guidelines.
– _”Pre-qualified applicants are mandated to lease data only from the two data sources (as applicable) and upload evidence of payment as a pre-requisite to the submission of bids.”_ – NUPRC
According to NUPRC, pre-qualified firms must obtain exploration and geological data strictly from the two approved data providers designated for the bid round.
Applicants are required to upload proof of payment for the data before they can submit their technical and commercial bids,it said.
The agency added that the licensing round portal has been opened for further details and engagement by participating companies.
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