The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to initiate the 2026 Licensing Round by the third quarter of 2026. This decision follows the receipt of necessary approvals, which will facilitate the process of awarding new oil and gas exploration licenses. The NUPRC aims to enhance investment in the upstream sector and ensure the sustainable development of Nigeria's petroleum resources. Further details regarding the specific timeline and requirements for participation in the licensing round are expected to be released in due course.
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