2025 Nigeria Licensing Round: Opportunities for Oil and Gas Investors

As the second bid cycle under the Petroleum Industry Act (PIA), this round reflects the Nigerian Upstream Petroleum Regulatory Commission’s broader shift toward accelerated development, shared infrastructure models, and increased gas commercialisation.

This publication by TEMPLARS Partner, Dayo Okusami and Associates, Theo Eke and Abdulsamad Lawal, provides a clear, commercially focused guide for prospective bidders, outlining the regulatory framework, eligibility and pre-qualification requirements, financial and operational obligations, and the expected bidding sequence once the 2025 Guidelines are released.

It also highlights strategic considerations for investors, including collaboration structures, market dynamics, and execution risks in the PIA regime.