31 companies won 37 oil and gas blocks in Nigeria’s 2025 licensing round.
NewsOnline Nigeria reports that thirty-one companies have emerged as successful bidders for 37 oil and gas blocks in Nigeria’s 2025 Licensing Round, following the conclusion of the commercial bid conference organised by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja.
The exercise, held at the Transcorp Event Centre, attracted 143 companies, which submitted nearly 200 bids for 37 of the 50 oil and gas blocks offered by the Federal Government.
The awarded assets span the Niger Delta onshore, shallow water and deep offshore terrains, as well as the Benin Basin, Anambra Basin, Chad Basin and the Benue Trough. A total of 13 blocks failed to attract bids and will return to the licensing pool.
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According to the NUPRC, the 2025 Licensing Round marked the first time Nigeria’s frontier basins including the Benue Trough, Chad Basin, Anambra Basin and Benin Basin recorded significant investor participation during a licensing exercise.
The successful companies include SSonic Petroleum Limited, CFP Pipeline and Flowlines, Dutchford E&P Limited, Attabanson Global Company Limited, Rosem Energy Limited, Pivot-GIS Limited, Network E&P, Asharami, LexOil, BVOF, Gupsco Energy Limited, Saratoga, Volante, Concept-Reel Petroleum Services Limited, Clinton Oil Field, Nuway Oaklane Limited, Ramec, Italia, Blueridge E&P, Up Energies Limited, AYM Shafa, Blackrock Holdings Limited, Funtay Integrated Business Limited, Riparian Development and Production Limited, Nikstallis, Stardeep Petroleum, Dakoda & U Limited, Southborne Oil and Gas Limited, Lanaka Petroleum, Highban Resources Limited, and Eyre Energy Limited.
The commission stated that the successful bidders would only receive their final awards after paying the required signature bonuses and obtaining the approval of the Minister of Petroleum Resources, in line with the provisions of the Petroleum Industry Act (PIA) 2021.
Speaking after the bid conference, NUPRC Chief Executive, Oritsemeyiwa Eyesan, congratulated the successful companies and urged them to promptly fulfil all financial obligations and commence development of the awarded assets.
She also warned that operators who fail to develop their allocated blocks risk losing them under the commission’s “drill or drop” policy, which is designed to ensure timely exploration and production of Nigeria’s petroleum resources.
