The Federal Government has initiated the 2026 oil and gas licensing round. This round involves offering 40 blocks to investors. These blocks are located across various terrains, including land, shallow water, and deepwater areas.

Investors, both local and foreign, are being invited to participate. The licensing round is now open, with opportunities available for investment in the oil and gas sector.

Further details about the 2026 oil and gas licensing round can be found through Nairametrics, which reported on the opening of the licensing round and the blocks being offered to investors.