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Nigeria · Upstream licensing

Nigeria opens its 2026 licensing round: 40 blocks, owners disclosed

Published in Brief No. 1 ·

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced a 2026 licensing round of 40 onshore, shallow-water and deepwater blocks, approved by the President and the Minister of Petroleum Resources. Every bidder must disclose its beneficial owners, and the regulator says it will publish its evaluation method, results and timetable. Block details and qualification requirements are due on the NUPRC licensing portal in the coming days.

Why it matters

Plan for ownership disclosure from day one: nominee and SPV structures, financing partners and politically exposed shareholders will be visible to the regulator. Consortium agreements should be ready before the bid timetable is published.

Sources: Vanguard ↗ · Arise News ↗ · NUPRC ↗

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The Energy Intelligence Brief summarizes publicly available information and links to its sources. It is general information, not legal advice, and reading it does not create an attorney-client relationship. Facts can change after publication; always check the official source.

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