NUPRC woos global investors with 40 oil, gas blocks

The Nigerian Upstream Petroleum Regulatory Commission has been actively courting global investors by offering 40 oil and gas blocks in its upcoming 2026 licensing round. Oritsemeyiwa Eyesan, the Chief Executive of the commission, made this announcement during a roundtable discussion held at the Abu Dhabi International Petroleum Exhibition and Conference.

She emphasized that Nigeria presents a more stable and competitive investment environment amid rising global energy tensions and increased competition for capital. The commission has undertaken various reforms, improved security, and introduced attractive fiscal incentives to bolster its investment appeal. Eyesan highlighted Nigeria's vast gas reserves, estimated at 215 trillion cubic feet, and its potential to increase domestic supply and develop export infrastructure.

She also mentioned that Nigeria is poised to benefit from major gas infrastructure projects, including the Nigeria-Morocco Atlantic Gas Pipeline and Trans-Sahara Gas Pipeline. The commission anticipates that investors will be drawn to the country due to its improved regulatory environment, competitive fiscal framework, and reduced risks of project execution delays and uncertainties.