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Process as Policy: Why Nigeria’s 2025 Licensing Round signals new era for energy industry

By Abayomi Awobokun The conclusion of Nigeria’s 2025 Licensing Round represents far more than the award of upstream acreage. It marks another significant milestone in the evolution of Nigeria’s petroleum industry and reinforces an important truth: strong institutions and transparent processes are the foundation upon which sustainable investment is built. For decades, Nigeria possessed some of […]
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UNICAL and matters arising

Convocation ceremonies are the highest crown and pride of every University, anywhere in the world. It signifies the final ritual, which formally confers or authenticates on the learner or students, the oracle of knowledge to serve  the world. 

OPL 245: The most popular oil block

The Petroleum Act 1969 (as amended) grants powers to the Ministry of Petroleum, acting through the Department of Petroleum Resources (DPR) to administer the licensing of oil blocks in the country. These include Oil Prospecting Licence (OPL), Oil Mining Licence (OML) and Oil Exploration Licence (OEL), which allow the awardees, local and foreign, to explore for and develop oil and gas resources within the country. So far, there are 65 OPLs and 99 OMLs.

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