OIL & GAS NEWS:BENUE ENTERS NIGERIA'S OIL MAP, AS THREE FRONTIER BLOCKS WIN NATIONAL LICENSES.
OIL & GAS NEWS: BENUE ENTERS NIGERIA'S OIL MAP, AS THREE FRONTIER BLOCKS WIN NATIONAL LICENSES. FOR BENUE State, the 2025 oil and gas licensing round marks a watershed in its economic and energy history, with three of the 37 oil and gas blocks awarded by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) located on Benue soil, spanning two NUPRC-classified geological basins. The geological basins include the Benue Trough and the Anambra Basin, located in three local government areas – OTUKPO, APA and OKPOKWU. Together, the three blocks carry the legacy of five historic exploration wells, the oldest drilled in 1954, marking the state’s long-recognised but largely dormant hydrocarbon potential. The development comes as 31 companies emerged successful bidders for 37 of the 50 oil and gas blocks offered during Nigeria’s 2025 Licensing Round, following the conclusion of the commercial bid conference held at the Transcorp Event Centre on Tuesday, July 21, 2026 in Abuja. Ac...