NUPRC Achieves $18bn Investment in Oil & Gas Sector in 2025
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) CEO Gbenga Komolafe announced that reforms in the oil and gas sector have attracted $18 billion in Field Development Plans (FDPs) in 2025. This includes 28 FDPs with a billion-dollar investment commitment, expected to unlock billions of barrels of oil and gas reserves.
Komolafe highlighted the country's aspiration to achieve 3 million barrels per day in oil output. The presentation at the Africa Oil Week in Accra, Ghana, emphasized the importance of energy security and economic growth under the new Petroleum Industry Act of 2021.
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 Chief Reveals $18bn Investments in Nigerian Oil & Gas Sector
NUPRC Approves 94 Decommissioning Plans, $4.4bn FDP Liabilities in 2 Years
NUPRC Secures Deepwater PSCs in Nigeria's Oil Sector Reform
NUPRC Hailed As Commission Hits ₦5.21 Trillion Revenue In 2025
Tinubu's Reforms Fuel Billions in Investments in Nigeria's Oil & Gas Sector
Commendations for Tinubu’s govt as FG agency records N5.21 trillion revenue
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
