SAT NOV 22 2025-theGBJournal| The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief Executive, Engineer Gbenga Komolafe, has promised to deliver a transparent 2025 licensing round even as he revealed that the Bid portal would go live on the NUPRC’s website on December 1, 2025.
Engineer Komolafe further stated that the licensing round will undergo two stages. First will be the technical phase and then those who scale through will progress to the commercial phase.
The NUPRC boss stated this when executives of Ludoil Energy of Italy visited the Commission’s corporate headquarters in Abuja on Thursday, 19th November 2025.
He said, “The portal for the licensing round will go live on December 1. The licensing round will be transparent and fair in line with the provisions of the PIA, 2021. We do not discriminate. We invite all potential investors to participate.”
In his remarks, the Group Chief Technical Officer, LudoilEnergy SPA, Mr. Paolo Fedeli, said Ludoil Energy was keen on participating in the 2025 licensing round.
“We are seeing Nigeria as our next target for growth because Nigeria is the largest producer in Africa. Your next round of licensing is an opportunity for us,” Mr. Fedeli said.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
