The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed its plans to initiate the 2026 licensing round in the third quarter of this year. This development is supported by new investment from Meren Energy, which aims to enhance exploration and production activities in the Nigerian oil and gas sector. The NUPRC's announcement signals a strategic move to attract further investment and bolster the country's energy resources. Details regarding the specific terms and conditions of the licensing round are expected to be released in due course.
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