Article
Nigeria 2025 Upstream Licensing Round: Updates From The Commercial Bid Conference
The Nigerian Upstream Petroleum Regulatory Commission has concluded its Commercial Bid Conference for the 2025 Upstream Licensing Round, announcing Preferred and Reserve Bidders while establishing critical evaluation criteria and post-award obligations. This development signals Nigeria's commitment to transparent acreage allocation and enforcement of the Petroleum Industry Act's drill-or-drop principle, with implications for current bidders and future licensing opportunities.
Templars