NUPRC offers 40 oil blocks in 2026 licensing round after 2025 controversy
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has announced the 2026 Licensing Round, offering 40 oil and gas blocks to investors. The development is coming months after the conclusion of the 2025 licensing round, which was marred by controversy. NUPRC Chief Executive, Oritsemeyiwa Eyesan, disclosed this at an event in Lagos on Tuesday. According to […] NUPRC offers 40 oil blocks…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the 2026 Licensing Round, set to award 40 oil and gas blocks to investors. This announcement was made by NUPRC Chief Executive, Oritsemeyiwa Eyesan, at a recent event in Lagos. The new licensing round was launched following the approval of President Bola Tinubu, who also serves as the Minister of Petroleum Resources.
Eyesan expressed her delight at the formal launch of the 2026 Licensing Round, stating that the round offers opportunities for both Nigerian and international investors to compete for the blocks located across land, shallow water, and deep water terrains. The previous 2025 licensing round saw 31 companies emerge victorious, securing 37 oil and gas blocks.
However, the previous round was not without controversy, with allegations of favors being extended to close associates of the state-owned oil firm's CEO. Despite these allegations, the NNPCL denied the claims.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
