Nigerian Upstream Petroleum Regulatory Commission Announces 2025 Oil Licensing Round to Begin December 1

Nigeria’s upstream sector is set for a fresh investment chapter as the NUPRC declared that the 2025 oil licensing round will officially commence on December 1, 2025.

The announcement was made at the Project 1MMBOPD Additional Production Investment Forum in London by NUPRC Chief Executive Gbenga Komolafe, who said the move aligns with the Petroleum Industry Act (PIA) and the approval of Bola Tinubu, who serves as Nigeria’s Minister of Petroleum Resources.

Komolafe identified funding as the sector’s “biggest challenge,” noting that the NUPRC is shifting into a business-enabler role by connecting investors, lenders and operators to unlock the additional production potential. l output, the licensing round will expand upstream opportunities for both indigenous and global energy players.