From Premium Times Nigeria · Premium Times · · 1m 50s
NUPRC urges investors on 2026 licensing round
Nigeria opens 2026 oil and gas licensing round portal for investors.
In brief
Nigeria opens 2026 oil and gas licensing round portal for investors. Nigeria's NUPRC opens 2026 oil and gas licensing round portal on November 20, 2026, offering 40 blocks to attract investment amid improved investment climate. Originally reported by Premium Times Nigeria.
NUPRC urges investors
Nigeria's NUPRC urges investors to explore opportunities in the 2026 Licensing Round offering 40 oil and gas blocks.
“We are expecting investors to turn to Nigeria. We are going into another licensing round, and we will launch our bid portal on November 20.”
2026 Licensing Round Portal
NUPRC opens bid portal on November 20, 2026 for 40 oil and gas blocks.
“We expect to see interested investors because the environment is a lot more competitive”
Improved Investment Climate
Nigeria's investment climate improved after Petroleum Industry Act (PIA) 2021 and executive orders by President Tinubu.
“We have set a very attractive fiscal framework for investors”
2025 Licensing Round Results
31 companies won 37 oil and gas blocks in 2025 Licensing Round with 143 companies submitting 200 bids.
“The blocks span several terrains including the Niger Delta onshore, shallow-water and deep-offshore areas”
Gas Reserves Potential
Nigeria holds 215 trillion cubic feet of gas reserves but produces only seven billion cubic feet daily.
“The gap between available reserves and current production presented significant opportunities for investors”
Infrastructure Projects
Nigeria-Morocco Atlantic Gas Pipeline and Trans-Sahara Gas Pipeline projects to supply gas to Europe and regional markets.
“We talk about two major projects on the drawing board to move gas through the nigeria morocco atlantic gas pipeline”
Investment Competition
Global petroleum industry competition intensifies as more countries discover oil and gas resources.
“We understand that investors will prize execution risk, cost, delays and also uncertainty”
2026 Licensing Round Details
NUPRC announces 2026 Licensing Round offering 40 oil and gas blocks on October 7, 2026.
“The announcement came less than three months after the commission concluded the bidding programme for its twenty twenty five licensing round”
Production Targets
Nigeria aims to increase crude oil production by restoring 788,000 barrels per day of shut-in production.
“Following the twenty twenty five licensing round, the commission also outlined plans to increase crude oil production by restoring more than seven hundred eighty eight thousand barrels per day”
Investment Incentives
Nigeria offers fiscal incentives to attract investors and reduce execution risks.
“We have been able to manage costs with a lot of incentives for investors”
Gas Infrastructure
Nigeria's gas infrastructure projects to unlock gas supply for domestic and regional markets.
“For gas infrastructure, we just completed very major infrastructure projects that will unlock gas supply in the country and the sub-region”
2025 Bidding Results
37 blocks attracted bids while 13 blocks received no offers in 2025 Licensing Round.
“While thirty seven blocks attracted bids, the remaining thirteen received no offers”
Nigeria's Gas Potential
Nigeria holds 215 trillion cubic feet of gas reserves but produces only seven billion cubic feet daily.
“The gap between available reserves and current production presented significant opportunities for investors”
Next Steps
Nigeria opens 2026 Licensing Round portal on November 20, 2.026 to attract investment.
“We expect to see investors take up the offer when we open the portal”
The bottom line
Nigeria's NUPRC opens 2026 oil and gas licensing round portal on November 20, 2026, offering 40 blocks to attract investment amid improved investment climate.
