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NUPRC opens its 2026 bid round portal on November 20 with 40 oil and gas blocks on offer to international and domestic investors in Abu Dhabi.

Nigeria produced 1.626 million barrels per day in the first half of 2026, below the 1.84 million budget benchmark, leaving a potential $2.49 billion revenue gap.

Nigeria's upstream regulator has recovered about 50 dormant oil fields from non-performing operators as it enforces drill-or-drop rules to lift output.

The offshore programme is expected to add about 40,000 barrels a day and marks a return to drilling by the Exxon affiliate after a decade.