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Nigeria Secures $18bn Oil, Gas Investments Through 28 New Field Plans in 2025

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has disclosed that Nigeria’s oil and gas reforms in 2025 attracted 28 new Field Development Plans (FDPs) with investment commitments worth $18.2 billion. According to a statement from the Commission, the FDPs are expected to unlock 1.4 billion barrels of oil […]

Nigeria’s Oil Reserves at 37.28bn Barrels, Gas Hits 210.54 tcf — NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the country’s proven crude oil reserves stood at 37.28 billion barrels (bb) as of 1 January 2025. Commission Chief Executive, Mr. Gbenga Komolafe, disclosed this on Friday, adding that Nigeria’s gas reserves had reached 210.54 trillion cubic feet (tcf). Breaking down the figures, Komolafe said […]

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