Olaniwun Ajayi LP

Synopsis of Nigeria’s 2025 Oil Licensing Round

The Nigerian Upstream Petroleum Regulatory Commission launched the 2025 oil licensing round on 1 December 2025. This licensing round aims to unlock Nigeria’s undeveloped and fallow oil and gas fields, with a focus on gas-rich assets in line with Nigeria’s energy transition and decarbonization objectives.

We invite you to explore our snapshot of the licensing round process as we illustrate the regulatory framework, eligibility requirements and key steps for prospective investors.

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