NNPCL opens calls for Nigerian assets acquisition

The Nigerian National Petroleum Company Limited (NNPCL) has issued bid calls for investors across the world with an aim to seek partners to share stakes with in some of its assets

These assets besides, the Nigerian operator already shares several assets in the region with international oil companies, including Shell, Chevron, Eni, and TotalEnergies. 

Earlier, there had been talks of the NNPC planning to sell at least 25% of the equity it holds in select oil and gas fields. The company is thus realigning its portfolio optimisation strategy by considering divestments as well as stake reductions.

Last date for online registration for interested bidders is 10 January, which will be followed by pre-screening and qualified firms will gain access to a secure virtual data room.

The bidding process will consider prequalification on the basis of technical and financial capacity, followed by document evaluation, negotiations and regulatory approvals.

Nigeria is aiming to boost production capacity and attract investments while targeting incremental growth through production from marginal onshore fields vacated by international oil companies. 

NNPC has been consistently maintining its strong growth momentum, with 2025 reporting a profit of over US$3.6bn. The company has put in place a US$60bn 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.