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Tag: NUPRC

Oil and Gas

NUPRC reports 4.2% rise in March oil output

The Nigerian Upstream Petroleum Regulatory Commission on Wednesday said that Nigeria’s oil production rose by 4.2 per cent to 1.546 million barrels per day in March 2026, compared to 1.483 mbpd recorded in February. In its oil production status report released yesterday, the Commission said crude oil production (excluding condensate) increased by 5.2 per cent […]

Business

NUPRC unveils reform to boost Nigeria’s oil output

The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, has unveiled an ambitious reform agenda to boost crude oil production, restore investor confidence, and position Nigeria as a competitive global energy destination. In her maiden interview published in the latest edition of The Upstream Gaze, the commission’s media publication obtained by […]

Business

Reforms attract over $10bn investment in upstream oil sector – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission says recent reforms have attracted more than $10 billion in upstream oil and gas investment. Chief Executive of NUPRC, Mrs Oritsemeyiwa Eyesan, disclosed this on Thursday in Abuja at the Society of Petroleum Engineers Nigeria Council’s Oloibiri Lecture Series and Energy Forum 2026. She said the reforms, developed with […]

Oil and Gas

Nigeria oil exploration dropped 45% in February 2026 — NUPRC

Nigeria’s oil exploration declined by 45 per cent month-on-month in February 2026, driven by reduced upstream activities. Data from the Nigerian Upstream Petroleum Regulatory Commission showed that the nation’s rig count, a key indicator of upstream oil and gas activity, fell to 22 in February 2026, down from 40 recorded in January 2026. Although the […]

Business

NUPRC approves major offshore project targeting hydrocarbon development

The Nigerian Upstream Petroleum Regulatory Commission has granted Petroleum Exploration Licence 5 to SeaSeisGeophysical Limited, in partnership with TGS, to carry out the acquisition and processing of new 3D seismic and gravity data. The initiative is designed to enhance the exploration activities and accelerate the development of Nigeria’s hydrocarbon resources. The agreement was formally signed […]

Business

NUPRC completes pre-qualification, notifies applicants in oil, gas licensing round

The Nigerian Upstream Petroleum Regulatory Commission has moved Nigeria’s 2025 oil and gas licensing round into a key phase, completing the pre-qualification process and formally notifying successful applicants, signaling the shift from screening to competitive bidding. In a statement on Tuesday, the commission said the milestone, reached on March 16, 2026, concludes the initial screening […]

Business

Senate panel clears Magnus Abe as NUPRC board chairman

The Senate Committee on Petroleum Resources on Monday cleared Magnus Abe, former senator representing Rivers South-East, for appointment as chairman of the board of the Nigerian Upstream Petroleum Regulatory Commission. Abe and other nominees submitted by President Bola Tinubu were screened by the committee. The committee was chaired by Eteng Williams, senator representing Cross River […]

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 […]

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