{"id":6696,"date":"2025-11-28T13:00:47","date_gmt":"2025-11-28T13:00:47","guid":{"rendered":"https:\/\/7oceansoilandgas.com\/?page_id=6696"},"modified":"2025-11-28T13:03:30","modified_gmt":"2025-11-28T13:03:30","slug":"2025-oil-bid-portal-opens-december-1-24th-november-2025-by-muyiwa-lucas","status":"publish","type":"page","link":"https:\/\/7oceansoilandgas.com\/?page_id=6696","title":{"rendered":"2025 oil bid portal opens December 1 \u2013 24th November 2025 \u2013 by Muyiwa Lucas"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"6696\" class=\"elementor elementor-6696\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3887ea31 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"3887ea31\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-43800332\" data-id=\"43800332\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2afb5f8a elementor-widget elementor-widget-text-editor\" data-id=\"2afb5f8a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">The 2025 Oil bid licence round is set to commence on December 1, 2025. The Commission Chief Executive, Gbenga Komolafe, an engineer, who made this disclosure in a statement by the Commission\u2019s Head of media, Eniola Akinkuotu, promised to deliver a transparent 2025 licensing round even as he revealed that the Bid portal would go live on the NUPRC\u2019s website on December 1, 2025.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">He further stated that the licensing round will undergo two stages. First will be the technical phase and then those who scale through will progress to the commercial phase.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The\u202f<\/span><a href=\"https:\/\/www.nuprc.gov.ng\/\"><b><span data-contrast=\"none\">NUPRC\u202f<\/span><\/b><\/a><span data-contrast=\"auto\">boss stated this when executives of Ludoil Energy of Italy visited the Commission\u2019s corporate headquarters in Abuja on Thursday.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">He said: \u201cThe portal for the licensing round will go live on December 1. The licensing round will be transparent and fair in line with the provisions of the PIA, 2021. We do not discriminate. We invite all potential investors to participate.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u202f\u201cThe process will be digitised such that winners would know immediately after the exercise whether they won or not. There is no bureaucracy involve,\u201dKomolafe said.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">According to him, the Petroleum Industry Act had restored confidence in Nigeria\u2019s energy sector and provided a stable regulatory atmosphere.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The NUPRC boss therefore, told the Ludoil Energy executives that this was the best time to invest in Nigeria.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">He argued that with over 37 billion barrels of proven oil reserves as well as its current status as Africa\u2019s largest crude oil producer, Nigeria remained the best place in Africa to invest.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Komolafe further noted that with a coastline of over 853km, Nigeria had a strategic advantage of its crude getting to the European market even faster than that of the United States.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The NUPRC helmsman, therefore, called on investors to take advantage of this opportunity.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">In his remarks, the Group Chief Technical Officer, LudoilEnergy SPA, Mr. Paolo Fedeli, said the company is presently operating in the Republic of Congo but was seeking to expand its footprint in Africa, starting with Nigeria because of its potential as Africa\u2019s largest oil producer. Fedeli added that Ludoil Energy was keen on participating in the 2025 licensing round.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u202f\u201cWe are seeing Nigeria as our next target for growth because Nigeria is the largest producer in Africa. Your next round of licensing is an opportunity for us,\u201d Fedeli said.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The 2025 Oil bid licence round is set to commence on December 1, 2025. The Commission Chief Executive, Gbenga Komolafe, an engineer, who made this disclosure in a statement by the Commission\u2019s Head of media, Eniola Akinkuotu, promised to deliver a transparent 2025 licensing round even as he revealed that the Bid portal would go [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-6696","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/pages\/6696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6696"}],"version-history":[{"count":4,"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/pages\/6696\/revisions"}],"predecessor-version":[{"id":6706,"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/pages\/6696\/revisions\/6706"}],"wp:attachment":[{"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}