Pertamina Commits to Boost Nigeria's Oil Production Goals
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has initiated discussions with Indonesia regarding petroleum investments, as the Indonesian national oil company, Pertamina, has shown interest in Nigeria's upcoming 2026 licensing round. Pertamina aims to support Nigeria in reaching its target of three million barrels per day (bpd) oil production by 2030.
This was confirmed during a meeting between NUPRC Chief Executive Mrs. Oritsemeyiwa Eyesan, Indonesia’s Vice Minister of Foreign Affairs Arif Havas Oegroseno, and Pertamina's Vice President for upstream business development Toriq Abdat. Currently, Nigeria produces approximately 1.7 million bpd, while Indonesia produces around 600,000 bpd.
Pertamina is seeking producing assets or projects close to production and is open to competitive bids and bilateral arrangements. Eyesan emphasized Nigeria's aggressive targets and the importance of the licensing round as a strategy to attract investments, noting that the last commercial bid conference occurred in July 2026.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
NUPRC and Pertamina Discuss Oil Investment Opportunities
Indonesia's Pertamina signals interest in Nigeria's 2026 oil licensing round
PENGASSAN and NUPRC Collaborate for Oil Production Goals
NUPRC Engages Indonesia's Pertamina for 2026 Licensing Talks
Nigeria Exceeds OPEC Oil Quota for Third Month in July
Nigeria Tops OPEC Quota for Third Month Despite 4% July Output Dip
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
