Nigeria 2025 Bid Round-Key Clarifications from the NUPRC Pre-Bid Conferences

The recently held Pre-Bid Conference provided regulatory and commercial guidance across asset scope, data availability, eligibility thresholds, consortium structuring, bid economics and post-award obligations, signalling a more disciplined, outcome-driven licensing process.

This publication, by TEMPLARS Partner, Dayo Okusami; Managing Counsel, Inna Ali; Senior Associate, Adebimpe MacGregor; and Associate, Gracia Bonire, distils the most consequential clarifications for bidders and investors. It focuses on asset selection across mature and frontier basins, bid structuring limits, work programme commitments, fiscal exposure and execution risk under the Petroleum Industry Act regime.

The authors provide practical insight into how the 2025 Bid Round is being administered in practice and what bidders should prioritise to remain credible from pre-qualification through award and post-award performance.