The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has fixed Friday, June 12, 2026, as the deadline for the submission of technical and commercial bids by prequalified applicants participating in the ongoing 2025 Licensing Round.
In a public notice issued on Tuesday, the commission urged all qualified bidders to adhere strictly to the timelines outlined in the licensing guidelines.
According to the notice, the submission window for technical and commercial bids will close at 4:30 p.m. (WAT) on June 12, in line with the provisions of the 2025 Licensing Round Guidelines.
The commission also encouraged interested stakeholders to obtain additional information through the official licensing round portal.
The announcement marks a critical stage in the licensing exercise as investors compete for opportunities in Nigeria’s upstream petroleum sector amid efforts to attract investment and increase hydrocarbon production.
The licensing process is being conducted in two stages, beginning with prequalification and followed by the submission of technical and commercial bids. Shortlisted firms are expected to submit their final proposals before the stipulated deadline.
The 2025 Licensing Round, conducted under the Petroleum Industry Act (PIA), forms part of the Federal Government’s strategy to unlock dormant hydrocarbon assets, encourage exploration activities, and expand the nation’s reserves.
The exercise, which commenced in December 2025, offered 50 oil and gas blocks comprising 15 onshore blocks, 19 shallow-water blocks, 15 frontier blocks, and one deep-water block.
The NUPRC estimates that the licensing round could attract investments of about $10 billion, unlock approximately two billion barrels of oil over the next decade, and add around 400,000 barrels per day to Nigeria’s production capacity when fully developed.
The commission completed the prequalification stage in March and notified successful applicants, paving the way for the ongoing bid submission phase.
Authorities have stated that the successful completion of the technical and commercial bid stage will lead to the eventual award of oil blocks to successful applicants, reinforcing efforts to strengthen Nigeria’s oil and gas industry and attract long-term investment.
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