The Nigerian Upstream Petroleum Regulatory Commission has launched its 2025 Licensing Round Portal, revealing plans to earn about 10 billion dollars in a new investment, adding two barrels to the country’s oil reserves in the next ten years. Providing updates in the post on Monday, the agency announced the official launch of the 2025 licensing round portal, br2025.nuprc.gov.ng.
The NUPRC said the portal was launched “with a view to attracting fresh investments worth $10 billion and an additional two billion barrels to the national oil reserves over the next 10 years.”
This was made known by the Commission’s Chief Executive, Engineer Gbenga Komolafe, at a news briefing, stating that 50 oil and gas blocks are up for grabs, which include 15 onshore blocks, 19 in shallow waters, 15 frontier assets, and 1 deep-water block.
The NUPRC boss said the commission also aims to create thousands of jobs across the value chain, boost indigenous participation, and strengthen Nigeria’s commitment to transparency in line with Extractive Industries Transparency Initiative (EITI) principles.
