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Tag: NUPRC

Business

Develop assets or lose exploration licences, NUPRC warn oil firms

The Nigerian Upstream Petroleum Regulatory Commission has declared an end to the practice of oil companies holding exploration licences for years without developing the assets, stating that new provisions under the Petroleum Industry Act now require operators to either develop their fields or relinquish them. The Commission Chief Executive of NUPRC, Oritsemeyiwa Eyesan, made this […]

Oil and Gas

Drill or drop, NUPRC ends era of dormant oil licences

The Nigerian Upstream Petroleum Regulatory Commission has declared that the era of oil companies holding exploration licences for years without developing the assets is officially over. New provisions under the Petroleum Industry Act now compel operators to either develop their fields or relinquish them. The PUNCH reported that the Commission Chief Executive of the NUPRC, […]

Business

NUPRC incorporates 155 host community trusts in Niger Delta

The Nigerian Upstream Petroleum Regulatory Commission has officially incorporated 155 Host Community Development Trusts (across oil-producing areas in the Niger Delta, advancing the implementation of the Petroleum Industry Act. NUPRC’s Chief Executive, Mrs. Oritsemeyiwa Eyesan, revealed this during a town hall meeting with HCDTs and settlors in Rivers State, held at Voyage Hotel, Port Harcourt. […]

Oil and Gas

NUPRC sets Friday deadline for 2025 oil licensing pre-qualification

The Nigerian Upstream Petroleum Regulatory Commission has announced that registration and submission of applications for pre-qualification under the Nigeria 2025 Licensing Round will close at 4.30 p.m. on Friday, February 27. The NUPRC, in a statement signed by its management, said the notice was in accordance with Section 11.2 of the Licensing Round Guidelines. “All […]

Business

NUPRC sets February 27 deadline for 2025 licensing round applications

The Nigerian Upstream Petroleum Regulatory Commission has announced that registration and submission of pre-qualification applications for the Nigeria 2025 petroleum licensing bid round will close on February 27. In a public notice issued on Wednesday, the commission urged applicants to comply strictly with all submission requirements and meet the stated deadline. “The Nigerian Upstream Petroleum […]

Oil and Gas

NUPRC unveils 60-day plan to fully digitise operations

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, has unveiled a 60-day initiative to fully digitise the commission’s internal communications and operational workflows, aiming to boost transparency, efficiency, and regulatory speed. Eyesan made this disclosure on Monday during a working visit by the Executive Secretary of the Nigeria Extractive Industries Transparency […]

Oil and Gas

Over 180TCF of African Gas remains untapped – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has revealed that more than 180 trillion cubic feet of discovered natural gas across Africa remains untapped, primarily due to fragmented markets and inconsistent fiscal and regulatory frameworks. This was disclosed in a statement by the CEO of the NUPRC, Oritsemeyiwa Eyesan, during her keynote address at the Nigerian […]

Oil and Gas

NUPRC promises transparent 2025 oil licensing bid round

The Nigerian Upstream Petroleum Regulatory Commission has assured that the 2025 licensing bid round will be guided by transparency, as only applicants with financial and technical know-how will qualify for the critical stage of the bid process. The Chief Executive of the NUPRC, Mrs. Oritsemeyiwa Eyesan, gave the clarification at the 2025 licensing round pre-bid […]

featured Oil and Gas

NUPRC opens 50 oil blocks for 2025 bidding round

The Nigerian Upstream Petroleum Regulatory Commission has launched the 2025 licensing round by opening 50 oil and gas blocks across five sedimentary basins for bidding and exploration. The commission has warned that only technically competent and financially strong firms will be permitted to advance in the process. The exercise aims to eliminate speculative participation and […]

featured Oil and Gas

Nigeria earned ₦55.5tn from crude oil sales in 2025 — NUPRC

Nigeria earned an average of N55.5tn from crude oil sales in 2025, according to an analysis of official production figures from the Nigerian Upstream Petroleum Regulatory Commission and crude price data from the Central Bank of Nigeria. This 2025 figure represents an increase compared to the N50.88tn earned in 2024. NUPRC data show that Nigeria […]

Business

Only qualified bidders will advance in 2025 licensing round – NUPRC

The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, has said that only bidders with strong technical and financial capacity, proven professionalism, and credible development plans will qualify in the 2025 petroleum licensing round. Eyesan made this disclosure on Wednesday at the 2025 licensing round pre-bid webinar. “So as we move […]

Oil and Gas

NUPRC, NMDPRA strengthen regulatory collaboration to boost investments

The Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have taken significant steps towards strengthening regulatory efficiency and attracting fresh investments into Nigeria’s oil and gas industry. The development followed a high-level meeting held at the corporate headquarters of the NUPRC in Abuja, which was attended by the Commission […]

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