How proper security, peace in N’Delta’ll aid oil production target

•Stakeholders laud Tantita, seek support for security efforts
By Michael Nwadike
Nigeria’s latest oil licensing round has opened a fresh window of opportunity for the country’s upstream petroleum industry, with the Federal Government targeting an additional 500 million barrels in reserves and 300,000 barrels per day in production within three years.
The 2025 licensing round, conducted by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), attracted significant interest from investors, with 143 companies submitting 200 bids for 37 of the 50 blocks offered during the commercial bid phase.
The exercise has renewed optimism about Nigeria’s ability to attract investment, exp...