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Nigeria’s Oil Reserves Stand at 37.01bn Barrels, Gas at 215.19TCF – NUPRC
Sopuruchi Onwuka Nigeria’s total oil and condensate reserves stood at 37.01 billion barrels as of January 1, 2026, while total natural gas reserves reached 215.19 trillion cubic feet (TCF), the Nigeria Upstream Petroleum Regulatory Commission has declared. The Commission Chief…
Renaissance Targets 15 FDPs Annually, Hits 2.2bcf Gas Output
Sopuruchi Onwuka Renaissance Africa Energy Company Nigeria Ltd has outlined plans to ramp up development activity across its asset base, targeting up to 15 Field Development Plans (FDPs) annually, as it scales up gas production and expands operations. The company’s…
FG in rush for more barrels as oil prices soar
Sopuruchi Onwuka Beyond prevailing pressure on operating companies to rapidly pump more barrels into the market to meet up with revenue aspirations projected in the 2026 fiscal plans, the upstream petroleum industry regulators are in sync to accelerate approval process…
FG authorizes SeaSeis for 3D seismic and gravity data acquisition
Sopuruchi Onwuka Nigeria’s petroleum rights administrator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has authorized SeaSeis Geophysical Limited to launch off seismic and gravity data acquisition offshore Niger Delta. The seismic campaign hosted in a Petroleum Exploration License (PEL) No….
NUPRC backs high-stakes upstream investment forum at AOW:Energy 2026
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has endorsed a new investment platform focused on Nigeria’s upstream oil and gas sector, set to take place during AOW:Energy 2026 later this year. Organisers say the Nigerian Upstream Investment Forum…
NUPRC commissions investigation into Bille gas burbles
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission has set up a technical committee to investigate the cause of gas seepage in Bille community in Rivers State, following reports of persistent gas bubbling in the coastal area. In a statement…
NUPRC moves shortlisted bidders to data phase in 2025 licensing round
Sopuruchi Onwuka Data access centers have now been opened to pre-qualified bidders in Nigeria’s 2025 oil and gas licensing round, marking the transition into a more technical phase of the process. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed that,…
NUPRC tightens rules for 2025 oil block bid round
Sopuruchi Onwuka Nigeria’s upstream oil regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says it is strengthening the procedures for the 2025 oil licensing bid round to ensure that only serious investors ready to carry out exploration activities are awarded…
2025 Licensing Round: NUPRC to end registration, applications Feb 27
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared that registration and submission of applications for Pre-Qualification under the Nigeria 2025 Licensing Round closes at 4.30pm on 27 February 2026. The commission stated in a media release that…
NUPRC’s digital shift improves royalty tracking, compliance
Sopuruchi Onwuka Digitization of regulatory processes at the Nigerian Upstream Petroleum Regulatory Commission has significantly improved the tracking and enforcement of royalty payments, according to the Commission’s Chief Executive, Mrs. Oritsemeyiwa Eyesan. Eyesan said default rates on royalty payments were…
