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 Nigerian government has opened the 2026 oil bidding process, offering 40 blocks for investors across land, shallow water and deepwater terrains. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced the licensing round following President Bola Tinubu's and Minister of Petroleum Resources' approval. Bidders must disclose their beneficial owners, and the evaluation methodology and results will be fully published.
The Commission's CEO, Oritsemeyiwa Eyesan, emphasized the shift towards transparency and predictability in the bidding process. The NUPRC completed the 2025 licensing round with 143 submissions and 31 winners, and the 2026 round aims to attract fresh investment into the upstream sector.
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