Nigeria has formally positioned its upcoming petroleum licensing round as a prime frontier for global capital, offering 40 oil and gas blocks across land, shallow water and deepwater terrains.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced Monday that its electronic bidding portal will officially open on November 20, 2026.
Speaking at the ADIPEC Exhibition and Conference in Abu Dhabi, NUPRC Chief Executive Oritsemeyiwa Eyesan told international investors that the regulatory framework has been restructured to minimize execution delays and market uncertainty.
“We are expecting investors to turn to Nigeria,” Eyesan said during a roundtable discussion. “We have set a very attractive fiscal framework for investors. The entire environment is a lot more secure.”
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