Nigeria’s 3.5bn Barrels of Undeveloped Oil Valued at N341tn – NUPRC
Over 3.5 billion barrels of oil and condensate reserves are currently locked in undeveloped fields across Nigeria’s basins, according to ...
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Tag: #NUPRC
NUPRC Unveils Action Plan to Reclaim Nigeria’s Oil Investment Lead in Africa
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a strategic push to reclaim the country’s leading position in Africa’s ...
Read moreNUPRC Clarifies Oil Block Status, Says No Abandonment of Assets
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted claims that hundreds of oil blocks across the country have been ...
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Nigeria Exceeds 1.8m bpd Oil Output in July, Boosting 2025 Budget Targets
Nigeria’s ambition to meet its 2.06 million barrels per day (bpd) crude oil production target for the 2025 national budget ...
Read moreNigeria’s Crude Producers Invest $8bn in Rig Infrastructure to Boost Output
Crude oil producers operating in Nigeria have invested $8 billion in rig infrastructure over the past three years as part ...
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FG Sanctions Oil Producers for Flouting Gas Flare-Out Programme
The Federal Government has taken decisive regulatory action against some oil producers for failing to comply with the national gas ...
Read moreNUPRC Generates ₦28.11bn from Oil Licence Fees in First Five Months of 2025
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total of ₦28.11 billion in miscellaneous oil revenue tied to ...
Read moreNigeria Attracts $16 Billion in Oil and Gas Investments Between 2023 and 2025 — NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that Nigeria attracted $16 billion in oil and gas investments between ...
Read moreIPPG Backs NUPRC’s One Million Barrels Initiative as Nigeria Hits 97% of OPEC Quota
The Independent Petroleum Producers Group (IPPG) has pledged its full support for the Project One Million Barrels Incremental initiative, launched ...
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Federal Government Set to Cancel Inactive Oil Licenses in new Policy
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to implement the ‘drill or drop’ policy across the country’s ...
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