Mrs Onitsemeyiwa Eyesan

FG to return 13 oil blocks to bid basket, enforces ‘drill or drop’ policy

On: July 21, 2026

The Federal Government says 13 oil and gas blocks in the ongoing 2025 Licensing Round will be returned to the bid basket, while successful bidders must commence development promptly or forfeit the assets under its “drill or drop” policy.
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Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Chief Executive, Mrs Onitsemeyiwa Eyesan

NUPRC unveils 143 bidders for 37 oil assets in licensing round, targeting 300,000bpd

By: Afonne Emmanuel

On: July 21, 2026

In: Oil & Gas

With: 0 Comments

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says 143 prequalified companies submitted 200 technical and commercial bids for 37 oil and gas assets in the ongoing Nigeria 2025 Licensing Round.Continue Reading

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