’40 Oil Blocks For Grab;’ Nigeria Hoists Portal For 2026 Bid Round November 20 – NUPRC

○ ‘Cost Incentives, Juicy Blocks That Guarantee RoI:’ What the Commission’s Chief Executive, Oritsemeyiwa Eyesan, Told Global Investors At ADIPEC 2026

The Nigerian Government, by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Monday picked November 20, 2026 to hoist the 2026 oil licensing spherical on its portal.

NOP NIGERIA reviews that the bid spherical is providing 40 blocks throughout land, shallow water and deepwater terrains.

The Commission’s Chief Executive Officer, Oritsemeyiwa Eyesan, introduced the November 20 date to traders through the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, declaring that the juicy blocks up for bid assure return on funding for potential bidders.

“What we are saying is that energy sovereignty and security can be guaranteed through partnership. We are expecting that investors will turn to Nigeria in particular on this,” she mentioned.

“We are going for one more large spherical and the portal will likely be open for this on the twentieth of November, and we count on to see fascinating traders such as you coming to Nigeria, as a result of once more, the setting is much more aggressive.

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“We have very good reviews. For investors, the entire government is a lot more secure, and we’ve been able to manage cost with a lot of incentives for investors. So, the result to investors is quite good, and we expect to see investors turn up for the offers,” Eyesan declared.

The Commission had earlier mentioned that the brand new bidding pointers would require the disclosure of the useful homeowners of each bidder, whereas the analysis methodology and outcomes of the train could be revealed extra totally.

Eyesan mentioned the announcement adopted the approval of President Bola Tinubu and the Minister of Petroleum Resources, including that the blocks could be open to traders with the required technical competence, monetary capability and dedication to develop Nigeria’s petroleum assets.

NOP NIGERIA