# NUPRC urges investors on 2026 licensing round > Nigeria opens 2026 oil and gas licensing round portal for investors. - Title: NUPRC urges investors on 2026 licensing round | Shortify - Summary: 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… - Keywords: nigerian upstream petroleum regulatory c, nuprc, 2026 licensing round, oil and gas blocks, investment climate, petroleum industry act, nigeria, nigerian oil and gas, nigerian investment, nigerian energy, news, politics - Source: Premium Times Nigeria — https://premiumtimesng.com/business/business-news/922279-nuprc-urges-investors-on-2026-licensing-round.html - Author: Premium Times - Published: 2026-11-03T05:38:48+00:00 - Read time: 1 min - Topics: nigerian upstream petroleum regulatory c, nuprc, 2026 licensing round, oil and gas blocks, investment climate, petroleum industry act, nigeria, nigerian oil and gas, nigerian investment, nigerian energy, news, politics ## 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 ## Key takeaway 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.