Nigeria 2025 Oil Licensing Round: Key Clarifications from The Pre-Bid Conference

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has provided key clarifications on the Nigeria 2025 Oil Licensing Round during its pre‑bid conference held in Lagos. The session outlined critical details on the 50 blocks on offer, the bidding procedure, technical and commercial evaluation criteria, consortium rules, available incentives, and the revised licensing timetable. With signature bonuses ranging from USD 3–7 million, mandatory data leasing fees, pre‑qualification requirements, and strict disqualification rules, prospective bidders must carefully assess compliance obligations, fiscal terms, and post‑award responsibilities.