Nigeria 2025 Licensing Round don dey attract early attention from big oil companies worldwide, as dem show say dem still get confidence for Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and di transparency wey dey inside di system.
French oil giant TotalEnergies commend NUPRC for di way dem run di 2024 mini-bid round, call am “transparent and credible,” wey show say dem ready to join di 2025 Licensing Round wey go open on December 1, 2025.
Di TotalEnergies delegation, wey Nicolas Terraz, President of TotalEnergies Exploration & Production lead, visit NUPRC headquarters for Abuja on Monday. Terraz dey accompanied by Mathieu Bouyer, MD/CEO of TotalEnergies Upstream Companies for Nigeria, plus other top executives.
According to NUPRC media boss, Eniola Akinkuotu, di visit show say TotalEnergies don gain confidence for Nigeria upstream sector. NUPRC CEO, Gbenga Komolafe, talk say di commission dey committed to give investors clear, predictable framework, and PIA 2021 don remove wahala wey dey slow investments before.
“Now, regulator dey help fix issues as enabler,” Komolafe talk. E still praise TotalEnergies for di Obagi Host Communities Development Trust, wey dey help local communities and follow PIA rules.
Terraz talk say 2024 mini-bid round transparent and credible, wey make investor trust for Nigeria grow. E talk say TotalEnergies dey optimistic about 2025 bid, and Nigeria dey important for their global plan.
Di 2025 Licensing Round go open mature, marginal and frontier blocks for competitive bids. NUPRC don promise say dem go use better transparency tools, digital bids, clear fiscal rules, faster contracting, and strong host community plans to make investors feel safe and reduce delays.
Experts say di round go test Nigeria to see if e fit maintain top position as Africa exploration hub, as countries like Namibia and Angola dey also compete. Early interest from TotalEnergies show say big oil companies still get faith for Nigeria.
