NUPRC woos global investors with 40 oil blocks
The Nigerian Upstream Petroleum Regulatory Commission is wooing global investors, offering 40 oil and gas blocks in its 2026 licensing round. Read More: https://punchng.com/nuprc-woos-global-investors-with-40-oil-blocks/
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has invited global oil and gas investors to consider Nigeria as a preferred destination for investment, as it prepares to offer 40 oil and gas blocks in its upcoming 2026 licensing round. NUPRC Chief Executive Officer, Oritsemeyiwa Eyesan, made the announcement during a roundtable discussion at the Abu Dhabi International Petroleum Exhibition and Conference.
Eyesan highlighted Nigeria's improved security, fiscal incentives, and regulatory reforms as key factors driving the appeal. The NUPRC's Head of Media and Corporate Communications, Eniola Akinkuotu, added that the licensing round portal would officially open on November 20, 2026, urging investors to capitalize on the opportunities presented by the country's attractive fiscal framework and secure environment.
Nigeria's significant gas reserves and efforts to address previous regulatory and operational challenges have contributed to the improvement in the country's investment climate.
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