The future of Nigeria’s upstream oil and gas sector is set for unprecedented growth, as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) unveils a roadmap focused on investment, sustainability, and regulatory efficiency.
Speaking at the 2025 Nigeria International Energy Summit (NIES), The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission(NUPRC), Engr. Gbenga Komolafe, emphasized the critical role of transparent and predictable regulations in optimizing upstream activities. He highlighted the sector’s steady progress in production, investments, and reserves, reinforcing the Commission’s commitment to strengthening industry confidence.
Komolafe noted that production levels have significantly improved, alongside a surge in rig count and reserve expansion. He attributed this momentum to strategic regulatory policies aimed at enhancing efficiency, reducing costs, and fostering collaboration with Exploration & Production companies. Key initiatives include fast tracking field developments, reviving shut-in wells, and deploying advanced oil recovery technologies to maximize output.
To tackle crude oil theft and revenue losses, the Commission is introducing Advanced Cargo Declaration Solutions and conducting engineering audits. Furthermore, regulatory clarity has enabled transformative transactions, boosting investor confidence in Nigeria’s upstream sector. Recent high profile asset transitions demonstrate the success of the Commission’s framework in facilitating seamless divestments and acquisitions.
On sustainability, Komolafe reiterated NUPRC’s commitment to embedding environmental responsibility into upstream operations. The Commission is driving initiatives such as methane emissions management, carbon capture investments, and gas commercialization programs to support Nigeria’s energy transition. Additionally, Host Community Development Trusts are fostering peace and economic growth in oil producing regions.
Looking ahead, NUPRC is prioritizing domestic gas utilization, deepwater exploration, and industry decarbonization efforts to align with global climate goals. With a clear regulatory direction, the Commission is positioning Nigeria as a competitive and investment friendly energy hub.
