31 Firms Win 37 Oil and Gas Blocks in Nigeria’s 2025 Licensing Round
By Victor Idajiki
Thirty-one companies have won 37 oil and gas exploration blocks in Nigeria’s 2025 licensing round after a competitive commercial bidding process held in Abuja.
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, said 143 companies submitted 200 bids for 37 of the 50 blocks put on offer.
The blocks cut across Nigeria’s major hydrocarbon provinces,
16 onshore blocks in the Niger Delta,18 shallow water blocks,1 deep offshore block.
3 onshore blocks in the Benin Basin,4 onshore blocks in the Anambra Basin ,4 onshore blocks in the Chad Basin.4 blocks in the Benue Trough
Thirteen blocks did not attract any bids. For the first time, all of Nigeria’s frontier basins . Benue Trough, Chad Basin, Anambra Basin and Benin Basin recorded successful bids, a sign of growing investor interest beyond the traditional Niger Delta and offshore areas.
Successful companies include,SSonic Petroleum Limited PPL 2A29 ,CFP Pipeline and Flowlines 2A30.
Dutchford E&P Limited 2A32 ,Attabanson Global Company Limited 2A33 and PPL 901 .Rosem Energy Limited 2A38 ,Pivot-GIS Limited 2A39 .Network E&P 2A40 ,Asharami 2A41 ,LexOil 2A42.
BVOF 2A43 ,Gupsco Energy Limited 2A44 and 2A51 .Saratoga 2A45 ,Volante 2A46.
Concept-Reel Petroleum Services Limited 2A47 and 2A55 ,Clinton Oil Field 2A48 and 2A62.
Nuway Oaklane Limited 2A49 ,Ramec 2A50 0Italia 2A53 ,Blueridge E&P2A54 ,Up Energies Limited 2A56 ,AYM Shafa 2A57 ,Blackrock Holdings Limited 2A58.
Funtay Integrated Business Limited 2A59,
Riparian Development and Production Limited
2A60 ,Nikstallis 2A61 and PPL 900 ,Stardeep Petroleum PPL 2010,
Dakoda & U Limited PPL 308 and PPL 800.
Southborne Oil and Gas Limited PPL 902 ,
Lanaka Petroleum PPL 903 ,Highban Resources Limited PPL 700 ,Eyre Energy Limited PPL 801.
NUPRC said final awards will be issued only after the winners pay the required signature bonuses and receive approval from the Minister of Petroleum Resources, in line with the Petroleum Industry Act, 2021.
NUPRC Chief Executive, Oritsemeyiwa Eyesan, thanked President Bola Tinubu for supporting a transparent process. She congratulated the winners and urged them to pay quickly and begin development, warning that licences left undeveloped risk being revoked under the Commission’s “drill or drop” policy.
Representatives from the Federal Ministry of Petroleum Resources, Federal Ministry of Finance, Nigeria Extractive Industries Transparency Initiative, NEITI, and other stakeholders observed the commercial bid conference to ensure transparency and compliance with the law.
