The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that new investments in the country’s oil and gas sector are set to increase crude oil production by about 600,000 barrels per day.
NUPRC Chief Executive Officer, Gbenga Komolafe, revealed this at the ongoing 2025 World Energies Summit organized by Frontier Energy Network in London. He said the rise in output would come from 28 Field Development Plans (FDPs) approved so far this year, which are projected to deliver roughly 600,000 barrels of crude oil and over two billion standard cubic feet of gas per day.
According to Komolafe, the additional production will push Nigeria’s daily crude output to about 1.89 million barrels, up from 1.39 million barrels recorded in September.
“In 2025 alone, 28 new Field Development Plans have been approved, unlocking an additional 1.4 billion barrels of oil and 5.4 trillion cubic feet of gas,” Komolafe said. “These projects are supported by $18.2 billion in committed capital expenditure and demonstrate that Nigeria’s upstream sector is firmly on a growth path, attracting the level of investment needed to sustain its position as a leading global energy hub.”
In a statement signed by the NUPRC’s Head of Media and Strategic Communications, Eniola Akinkuotu, Komolafe emphasized that the Commission is implementing bold reforms to convert industry challenges into opportunities amid global energy transition pressures. He encouraged investors to take advantage of upcoming opportunities in Nigeria’s next Block Licensing Round.
Komolafe also highlighted the Commission’s reform achievements, citing initiatives such as the 2022 Petroleum Prospecting Licences, the Mini-Bid Round for deep offshore blocks, and the 2024 Licensing Round — which was commended by operators and the Nigeria Extractive Industries Transparency Initiative for its transparency.
“Rig activity has risen sharply from eight in 2021 to 70 today, with 41 rigs currently drilling on-site,” he said. “Production has also climbed from 1.46 million barrels per day in October 2024 to about 1.8 million barrels per day. Major investment decisions like the $5 billion Bonga North and $500 million Ubeta Gas Project reflect renewed investor confidence, with more projects expected soon.”
He further stressed that energy transition represents a matter of energy security for both Nigeria and the African continent. Komolafe noted that the country’s “Decade of Gas” initiative and the implementation of the Petroleum Industry Act (PIA) 2021 have reshaped and provided clarity for the Nigerian oil and gas industry, setting the stage for sustainable growth and investment.
Source:Africa Publicity
