Nigeria’s 2025 Upstream Licensing Round is now in motion, creating a pathway for investors seeking onshore, shallow-water and deep-offshore upstream assets in Nigeria.
The newly released 2025 Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Guidelines set out a detailed framework covering eligibility, incorporation requirements, bid fees, signature bonus parameters, Minimum Work Programme expectations and tightly controlled timelines.
This publication, by TEMPLARS Partner, Dayo Okusami and Associate, Adebimpe MacGregor, highlights the issues that matter most: the priorities bidders / investors must anchor early, how to enhance technical and commercial strength, and the strategic considerations required to remain competitive throughout the bid process.