The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially launched its 2025 Petroleum Licensing Round, offering 50 oil and gas blocks across onshore, shallow-water, frontier, and deepwater areas to local and international investors.
The initiative aims to attract $10 billion in fresh investment and unlock an estimated 2 billion barrels of crude oil reserves over the next decade. Full development of the blocks could add roughly 400,000 barrels per day to Nigeria’s oil output, strengthening the country’s position in the global energy market.
The 50 blocks include 15 onshore, 19 shallow-water, 15 frontier, and 1 deepwater sites. Interested companies must first pass a qualification stage before submitting technical and commercial proposals through a dedicated digital portal (br2025.nuprc.gov.ng) designed to ensure transparency and efficiency.
Officials said the licensing round is part of a broader strategy to revitalize exploration, increase reserves, and encourage long-term production. By providing enhanced seismic and geophysical data, the NUPRC hopes to reduce investment risks and attract leading oil companies worldwide.
Beyond boosting production, the government expects the round to create jobs both directly in oilfield operations and indirectly across support services, logistics, and infrastructure development.
The launch signals the Federal Government’s commitment to strengthening Nigeria’s upstream oil sector and stimulating foreign direct investment under President Bola Ahmed Tinubu’s administration. Visit www.jocomms.com for more news.
