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 lipid and state blocks to investors.

The improvement is coming months aft the decision of the 2025 licensing round, which was marred by controversy.

NUPRC Chief Executive, Oritsemeyiwa Eyesan, disclosed this astatine an lawsuit successful Lagos connected Tuesday.

According to her, the caller licensing circular was launched pursuing the support of President Bola Tinubu, who is besides the Minister of Petroleum Resources.

“It is with large joyousness that I denote that, pursuant to the support of His Excellency, President Bola Ahmed Tinubu, GCFR, President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria and Honourable Minister of Petroleum Resources, the Nigeria 2026 Licensing Round is hereby formally launched,” she said.

Eyesan said the 2026 circular offers 40 blocks crossed land, shallow h2o and heavy h2o terrains.

“So, I invitation qualified Nigerian and planetary inve...