The Niger Delta is a prolific passive margin basin located in the Gulf of Guinea. There are two plays: a Tertiary shelf play and a Tertiary deepwater play. Of the new volumes discovered since 2007, the majority are deepwater gas discoveries from Block R. Former operator Ophir Energy planned to commercialise the gas via a 2.2 mmtpa floating LNG vessel but the licence expired in January 2019. A new licensing round was launched in April 2019 with the aim to attract exploration to urgently replace declining country production. Remaining oil and gas potential exists in both the shelf and deepwater plays but is limited to near-field drilling and prospectivity is considered to be low. The shelf play offers future value creation at all prices but the deepwater play will struggle due to low prospective resource potential, high associated gas content and higher cost deepwater environment.