NUPRC oil block auction: 31 firms emerge winners as 13 assets receive no bids

Thirty-one companies have emerged as winners of 37 oil and gas blocks in the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)’s 2025 Licensing Round, following a competitive bidding process that attracted 143 companies and 200 bids.

The winners were announced at the conclusion of the commercial bid conference held at the Transcorp Event Centre, Abuja, on Tuesday.

The 50 oil and gas…