Nigeria’s 2025 licensing round, launched 1 December, offers 50 petroleum prospecting licences across pure exploration blocks and discovered resource opportunities. It targets oil and gas reserve growth, higher production and faster gas utilisation while deepening indigenous participation. The regulator is moving onto the front foot, applying lessons from previous rounds.

Our latest analysis shows investors can pursue infrastructure-linked discovered resource opportunities, marginal fields and higher impact deepwater exploration. The regulator is tightening project delivery through stricter screening, firmer work commitments and larger financial guarantees that filter credible bidders. For marginal fields, these measures, combined with clearer PIA-based terms and tighter timelines, aim to resolve historic underperformance, unlock stalled resources and shorten project cycle times.

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