BREAKING: FG opens 2026 oil bid, offers 40 blocks to investors
The Federal Government has announced the 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater terrains to attract investme Read More: https://punchng.com/breaking-fg-opens-2026-oil-bid-offers-40-blocks-to-investors/
The Federal Government has announced the 2026 oil licensing round, offering 40 blocks for investors. These blocks span land, shallow water, and deepwater terrains. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced the round in Abuja, following President Bola Tinubu's and Minister of Petroleum Resources approval.
The bidding guidelines require the disclosure of beneficial owners for each bidder. The evaluation process and results will be fully published. The NUPRC's CEO, Oritsemeyiwa Eyesan, emphasized the importance of transparency, predictability, and trust to attract investors. The commission aims to strengthen communication with potential bidders via its website, portal, virtual data room, webinars, and a dedicated help desk.
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