In its efforts to raise crude oil production and attract fresh investments into the upstream sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it approved 595 well re-entries, 145 new well-drilling operations and 39 Field Development Plans (FDPs) in the first 10 months of 2026. NUPRC Chief Executive Officer, Oritsemeyiwa Eyesan, disclosed this yesterday […]
The Nigerian National Petroleum Company Limited says reforms in the oil and gas industry have increased Nigeria’s crude oil production by 600,000 barrels per day, from about 1.2 million barrels to 1.8 million barrels daily, as the country steps up efforts to attract international investment into the sector. The state-owned oil company said the production […]
The federal government is planning to revoke unused oil exploration leases that companies were granted but have not been able to carry out any exploration activities on them.