FG targets additional 300,000bpd oil production with 2026 bid round

🇳🇬 Vanguard Nigeria (NG) —
FG targets additional 300,000bpd oil production with 2026 bid round

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The Nigerian Federal Government announced the 2025 Licensing Round aimed at increasing oil production by 300,000 barrels per day by 2026. The bid round offers 37 blocks to investors, targeting an additional 500 million barrels of reserves to fuel growth in the energy sector.

•Offers 37 blocks to investors, targets 500m barrels reserve addition Why 13 blocks returned to basket, NUPRC By Udeme Akpan & Obas Esiedesa The Federal Government yesterday said the ongoing 2025 Licensing Round is expected to deliver an additional 300,000 barrels per day (bpd) of crude oil and condensate production within three years Speaking at the […] The post FG targets additional 300,000bpd oil production with 2026 bid round appeared first on Vanguard News.

World Politics Markets Deals Commodities Energy Nigeria oil production licensing round energy sector investment oil reserves

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