Abuja, Oct. 7, 2026 – The federal government is offering 40 oil and gas blocks to investors under the 2026 oil licensing
The affected oil blocks are located across land, shallow water and deepwater terrains.
Oritsemeyiwa Eyesan, the Chief Executive of Nigerian Upsteam Petroleum Regulatory Commission (NUPRC), disclosed this in Abuja on Tuesday at the fifth anniversary celebration of the NUPRC.
She said the offer had been approved by the president and the Minister of Petroleum Resources, but would only be open to investors with the required technical competence, financial capacity and commitment to develop Nigeria’s petroleum resources.
“Ladies and gentlemen, the wait is over. It is with great joy that I announce that pursuant to the approval of His Excellency, President Bola Tinubu, and the Minister of Petroleum Resources, the Nigerian 2026 Licensing Round is hereby announced.
“This round offers 40 blocks across land, shallow water and deepwater terrains. I can see my IOC is already permuting. They are open to investors with the technical competence, financial capability and, above all, the commitment to develop Nigeria’s petroleum resources.
“We will not rest on our laurels. Competition for upstream capital is fierce, and it grows fiercer by the day. Investors have choices. They go where the rules are clear, where the process is predictable and where data can be trusted,” she said.