Nigeria Launches Licensing Round for 220+ Oil Blocks to Boost Energy Production
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is set to award more than 220 oil blocks in its upcoming licensing round, aiming to attract fresh investment and accelerate exploration across the country.
The allocation includes 59 unlicensed offshore deepwater blocks, 41 in the Benue Trough, 40 in the Chad Basin, 28 in the Sokoto Basin, 16 in the Bida Basin, 13 in the Anambra Basin, seven in the Niger Delta, and eight each in the Benin Basin and the onshore Niger Delta Basin.
Obenga Komolafe, NUPRC Chief Executive, stated that the commission seeks to strengthen partnerships with international players and stimulate investment in both deepwater and shallow-water exploration to boost Nigeria’s energy production.
Enorense Amadasu, Executive Commissioner for Development and Production at NUPRC, added that the initiative will help overcome technical, operational, commercial, and infrastructure challenges that currently hinder offshore operations.
