Nigeria sustains six months of OPEC quota compliance despite October output decline
Nigeria maintained compliance with its OPEC crude oil production quota for the sixth consecutive month in October, averaging 1.51 million ...
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Tag: #NUPRC
NUPRC Approves 145 New Drilling Operations As Rig Count Rises To 100
Nigeria's upstream petroleum regulator has approved 145 new well-drilling operations, 595 well re-entries and 39 Field Development Plans in 2026, ...
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Nigerian Refineries Receive 127 Million Barrels of Crude in Nine Months — NUPRC
Domestic refineries received more than 127 million barrels of crude and condensate between January and September 2026, according to the ...
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FG Moves to Reclaim Undeveloped Oil Assets, Warns Operators Over Licence Hoarding
The Federal Government says oil companies must develop licensed assets or risk losing them as Nigeria seeks to increase petroleum ...
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NUPRC Targets Recovery of 788,000bpd Shut-In Crude, Eyes $50bn Offshore Investments
Upstream petroleum regulator unveils plans to restore dormant production, accelerate drilling approvals and attract major offshore investments to strengthen Nigeria's ...
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NUPRC Recovers Over 50 Dormant Oil Fields, Moves to Enforce Drill-or-Drop Policy
Nigeria's upstream regulator is tightening acreage management rules to prevent operators from holding undeveloped oil assets indefinitely as the government ...
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Nigeria Opens 40 Oil Blocks as Upstream Investments Hit $47.6bn
The Federal Government has launched the 2026 oil licensing round across onshore, shallow-water and deepwater terrains as crude and condensate ...
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Nigeria Produces 307m Barrels of Crude, Condensate in Six Months as Output Recovers
NUPRC data show combined crude oil and condensate production averaged about 1.67 million barrels per day between March and August, ...
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Tinubu’s Deep Offshore Tax Incentive Could Unlock $50bn Investment, Add 1m bpd, NUPRC Says
President Bola Tinubu’s new tax incentive for deep offshore oil and gas projects could unlock about $50 billion in investments ...
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Nigeria Exceeds OPEC Quota for Third Month Despite July Oil Output Drop
Nigeria exceeded its Organisation of the Petroleum Exporting Countries (OPEC) crude oil production quota for the third consecutive month in ...
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