The Nigerian National Petroleum Company Limited has initiated a bid process to divest stakes in selected oil and gas assets.
The invitation for bids emerged in a document obtained by Reuters on December 30, 2025.
NNPC owns some assets outright and holds others in joint ventures with partners including Shell, Chevron, Eni, and TotalEnergies.
Stake sizes and targeted funds remain undisclosed at this stage.
Interested parties must register online by January 10, 2026, for pre-screening based on technical and financial capacity.
Qualified bidders gain access to a virtual data room with detailed asset information.
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The process includes document evaluation, negotiations, and regulatory approvals.
This divestment aligns with NNPC’s strategy to reduce equity in select fields by at least 25 per cent.
The move aims to optimise the portfolio, unlock capital, and boost production from marginal and onshore fields.
It supports Nigeria’s efforts to attract investment and sustain crude output amid sector challenges.
The initiative advances private participation in Nigeria’s oil and gas industry, focusing on strategic reinvestment and revenue enhancement.
