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ARTICLE · 10 APRIL 2026

TEMPLARS Transcripts | Energy & Natural Resources April 2026

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The April edition of the TEMPLARS Transcripts: Energy and Natural Resources Digest reflects a clear shift from reform to execution across Nigeria's energy and extractives sectors.

NigeriaEnergy and Natural Resources
Dayo Okusami
Dayo Okusami
Desmond Ogba
Desmond Ogba
Sarpong K. Odame
Sarpong K. Odame
Modupe Dabiri
Modupe Dabiri

NIGERIA

Oil and Gas

  • NUPRC Shortlists Applicants for 2025 Upstream Licensing Round The NUPRC has completed the pre-qualification stage for the 2025 licensing round and notified successful applicants to proceed. Pre-qualified firms may access geological data from approved sources, starting March 17, 2026, as a prerequisite for submitting technical and commercial bids through the dedicated portal. The round launched in December 2025 under the Petroleum Industry Act, 2021 and offers 50 blocks across onshore, shallow water, deepwater, and frontier basins, to attract investment and boost upstream production.
  • NUPRC to Ensure Strict Enforcement of the Drill-or-Drop Rule for Oil Blocks The Nigerian Upstream Petroleum Regulatory Commission ("NUPRC") has indicated that it will intensify enforcement of the "drill or drop" provision under the Petroleum Industry Act, 2021 ("PIA"). The NUPRC requires licence holders to commence development or relinquish their oil blocks in line with Section

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