On December 21, 2022, the Federal Government of Nigeria through the Nigerian Upstream Petroleum Regulatory Commission (the "Commission")announced licensing rounds for seven (7) offshore blocks covering an area of approximately 6,700 km2 in water depths of 1,150m to 3,100m. Specifically, blocks, PPL300-DO, PPL301-DO, PPL302-DO, PPL303-DO, PPL304-DO,PPL305-DO, PPL306-DO. Accordingly, the Mini Bid Round 2022 intends to build on the successes of the last bid round that held in April 2007 during which a total of forty-five (45) blocks, drawn from the inland Basins of Anambra, Benue and Chad; the Niger Delta Continental Shelf; Onshore Niger Delta and Deep Offshore were put on offer. The slides below highlights the concept of the mini bid round, the stages, processes and requirements for the acquisition of a petroleum prospecting license with respect to the blocks put on offer by the commission.