NUPRC and NNPC CEOs Collaborate to Harmonize Fees in Nigeria's Oil Sector

The CEOs of NUPRC and NNPC, Oritsemeyiwa Eyesan and Bayo Ojulari, respectively, met to collaborate on harmonizing fees and rents in Nigeria's oil and gas sector. The goal is to reduce operational costs, improve competitiveness, and attract fresh investments.

Eyesan highlighted the need for transparency and efficiency, emphasizing the importance of regulatory roles in promoting a conducive environment for the industry. NNPC recently launched the National Gas Master Plan to enhance the country's gas production.

The ongoing OB3-AKK gas pipeline project is progressing, but cost reduction remains crucial for Nigeria's energy security and investment attractiveness.