Insight
Nigeria offers 50 blocks in 2025 bid round: spotlight on discovered resource opportunities
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Nigeria launched its 2025 licensing round on 1 December, marking the country’s third bid round since 2022. The latest round is the largest of the three, with 50 blocks on offer, spanning onshore, shallow water, deepwater and frontier areas. Onshore and shallow water blocks contain discovered resource opportunities (DROs), minimising exploration risk. The round also features one deepwater block and 15 frontier blocks across the Anambra, Chad, Benue Trough and Benin basins. The dual focus on quick developments through DROs, and exploration of underexplored basins, underscores the government’s drive to unlock hydrocarbon resources and meet both short-term and long-term production goals.
Table of contents
- Executive Summary
- Acreage on offer
- Timeline
- Bidding criteria and evaluation
- Work programmes
- Block prospectivity
- Economics
- Conclusion
Tables and charts
This report includes the following images and tables:
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Areas on offer in the 2025 bid round (Niger Delta Basin west)Areas on offer in the 2025 bid round (Niger Delta Basin east)Areas on offer in the 2025 bid round (Anambra Basin and Benue Trough Basin)
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Areas on offer in the 2025 bid round (Chad Basin)Areas on offer in the 2025 bid round (Benin Basin)2025 bid round key datesQualification criteria for 2025 bid round2025 liquids production and processing capacities for onshore terminals2025 liquids production and processing capacities for offshore terminals (FPSOs and FSOs)
What's included
This report contains:
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