Connect with us

ECONOMY

NUPRC sets Friday deadline for 2025 licensing round registration, pre-qualification

Published

on

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the registration and submission of applications for Pre-Qualification under the Nigeria 2025 Licensing Round will close at 4.30 p.m. on Friday, February 27.

The NUPRC, in a statement signed by its management, said the notice was in accordance with Section 11.2 of the Licensing Round Guidelines.

“All applicants are advised to ensure full compliance with the stipulated submission requirements within the prescribed timeline,” it said.

The NUPRC had in Dec. 1, 2025 announced the official commencement of the Nigeria 2025 Licensing Round, marking another major step in the Federal Government’s drive to enhance the sector.

The bid round offers 50 oil and gas blocks, comprising 15 onshore, 19 shallow-water, 15 frontier acreages and One deep offshore to boost reserves, production and gas development.

The bid aims to attract 10-15 billion dollars investment and add up to two billion barrels to national oil reserves over the next decade boosting production, jobs and naira stability.

According to the commission the 2025 licensing round will last for approximately six months, adopting a two-stage bidding process for the award of the blocks, comprising a qualification stage and a bid stage.

Emmanuella Anokam

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments
NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel