# Nigeria Oil Bid Portal Opens 20 November

> Nigeria opens oil bid portal for 40 blocks on 20 November.
- Title: Nigeria Oil Bid Portal Opens 20 November · The Rio Times
- Summary: Nigeria opens oil bid portal for 40 blocks on 20 November. Nigeria's upstream regulator opens online bid portal for 40 oil and gas blocks on 20 November…
- Keywords: nigeria, oil, bid portal, nigerian upstream petroleum regulatory c, nuprc, oritsemeyiwa eyesan, bola tinubu, 2026 licensing round, 40 blocks, shallow water, deep water, us oil firms
- Source: The Rio Times — https://riotimesonline.com/nigeria-oil-bid-portal-opens-20-november-2026
- Author: Samuel Ncube
- Published: 2026-11-03T08:03:20+00:00
- Read time: 1 min
- Topics: nigeria, oil, bid portal, nigerian upstream petroleum regulatory c, nuprc, oritsemeyiwa eyesan, bola tinubu, 2026 licensing round, 40 blocks, shallow water, deep water, us oil firms
## What Happens
Nigeria's upstream regulator opens the bid portal for its 2026 oil licensing round on Friday 20 November.
## Why It Matters
The portal allows international investors, including US firms, to bid for 40 oil and gas blocks.
## Who Is Involved
Oritsemeyiwa Eyesan, chief executive of the Nigerian Upstream Petroleum Regulatory Commission, announced the date.
## Key Details
The round offers 40 blocks on land, shallow water, and deep water with no confirmed bid deadline or fees.
## What to Watch
The block list, bid deadline, fees, and fiscal terms remain unconfirmed as of the announcement.
## US Travel Advisory
The US State Department issues a Level 3 travel advisory for Nigeria, listing oil-producing states as Do Not Travel.
## What It Means for Investors
Investors weigh execution risk, cost, delays, and uncertainty in Nigeria's oil sector.
## Fiscal Framework
Nigeria offers a stable climate and attractive fiscal framework for oil companies despite global energy tensions.
## Gas Reserves
Nigeria has 215 trillion cubic feet of gas reserves but outputs only 7 billion cubic feet daily.
## Proposed Pipelines
Two proposed gas pipelines, the Nigeria-Morocco Atlantic Gas Pipeline and the Trans-Sahara Gas Pipeline, are still on the drawing board.
## Next Steps
The bid portal opens on Friday 20 November with no confirmed bid deadline or award date.
## Key takeaway

Nigeria's upstream regulator opens online bid portal for 40 oil and gas blocks on 20 November, allowing US firms to bid.