Nigeria’s NNPCL Opens Global Bidding for Strategic Asset Partnerships
The Nigerian National Petroleum Company Limited (NNPCL) has launched a worldwide call for investors to acquire stakes in select oil and gas assets, marking a significant portfolio realignment strategy for Africa’s largest oil producer.
The state-owned operator, which already shares several regional assets with international oil majors including Shell, Chevron, Eni, and TotalEnergies, is reportedly considering divesting at least 25 percent of equity holdings in select oil and gas fields as part of its portfolio optimization initiative.
Online registration for interested bidders closes on January 10, followed by pre-screening processes. Qualified firms will gain access to a secure virtual data room containing detailed asset information. The bidding process will evaluate prequalification based on technical and financial capacity, followed by document evaluation, negotiations, and regulatory approvals.
The move comes as Nigeria aims to boost production capacity and attract investments while targeting incremental growth through production from marginal onshore fields vacated by international oil companies. NNPCL has maintained strong growth momentum, reporting a profit of over $3.6 billion in 2025. The company has established a $60 billion investment pipeline for advancing investments across upstream operations and gas infrastructure.
“We are positioning NNPC Limited as a globally competitive energy company capable of delivering sustainable returns while powering the future of Nigeria and Africa,” said Bashir Bayo Ojulari, Group Chief Executive Officer.
Source: oilreviewafrica.com
