The Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, disclosed that the 2026 Licensing Round portal will formally open on November 20, 2026.
Speaking in the course of the 2026 ADIPEC Exhibition and Conference in Abu Dhabi, Eyesan instructed traders that Nigeria gives a secure local weather amid the worldwide vitality stress.
Eyesan subsequently urged traders to look in direction of Nigeria by benefiting from the 2026 Licensing Round which has 40 oil and fuel blocks on provide.
“We predict traders to flip to Nigeria. We are getting into for one other licensing spherical and we will likely be launching our bid portal on November 20. We anticipate to see traders as a result of the setting is much more aggressive.
“We have set a very attractive fiscal framework for investors. The entire environment is a lot more secure. We have been able to manage costs with a lot of incentives for investors and we expect to see investors take up the offer when we open the portal.”
In a press release signed by NUPRC’s Head, Media and Corporate Communications, Eniola Akinkuotu, she acknowledged that because the passing of the Petroleum Industry Act in 2021 as well as the chief orders signed by President Bola Tinubu, Nigeria has seen an enchancment in its funding local weather.
Eyesan acknowledged that between 2021 and 2026, the NUPRC had held not less than 4 profitable licensing rounds which had introduced in additional investments into the nation.
This is a departure from the pre-PIA period the place licensing rounds weren’t frequent.
The CCE stated that Nigeria possesses big vitality potential because it sits on 215TCF of fuel however day by day manufacturing is barely 7bcf.
This presents a chance to traders particularly as key fuel infrastructure as within the pipeline, she stated.
“The stars are already aligned. For fuel infrastructure we simply accomplished very main infrastructure initiatives that may unlock fuel provide within the nation and the sub-region.
“We talk about two major projects on the drawing board to move gas through the Nigeria-Morocco Atlantic Gas Pipeline and Trans-Sahara Gas Pipeline. Again, this gas will go somewhere in Europe and will also meet regional demands. So, Nigeria is positioned to meet not just domestic supply,” the CCE acknowledged.
Eyesan maintained that with many nations discovering petroleum sources, the race for investments has grow to be extra aggressive.
She stated Nigeria was already forward of the sport because it had made sure modifications so as to entice the best capital.
“We understand that investors will prize execution risk, cost, delays and also uncertainty and so what we have done in Nigeria is to ensure that we guard against these risks and then attract the investment required to enable us unlock the huge resources we sit on,” the NUPRC boss stated.
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