# Oil Blocks

2 articles tagged

NUPRC Selects Companies for 50 Oil Blocks in Upcoming Licensing Round

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has finalized the pre-qualification of candidates for 50 oil blocks, facilitating a licensing round aimed at attracting investment to reverse declining crude oil production.

Mar 18, 20266 min read

Business

NUPRC Restricts 2025 Licensing Bidders to Two Oil Blocks, Introduces 60-Day Payment Rule

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced stringent regulations for the upcoming 2025 licensing round, limiting bidders to two oil and gas blocks and implementing a 60-day signature bonus payment requirement.

Jan 29, 20268 min read

NUPRC Nigeria Oil Blocks