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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed however it is preparing to execute the country’s aspiration of producing 2.5 cardinal barrels of lipid per day (bopd) by 2027.
Speaking astatine the 2025 National Association of Energy Correspondents (NAEC) league successful Lagos connected Thursday, connected the topic, “Nigeria’s Energy Future,” the commission’s main executive, Gbenga Komolafe, said the NUPRC was playing a big relation successful driving the upstream lipid and state industry’s rebound.
According to him, the Commission has prioritised accumulation optimisation and betterment enhancement to execute expectations.
In addition, Komolafe said that by reviewing tract improvement plans, supporting brownfield optimisation and enabling the re-entry of shut-in wells, the NUPRC had facilitated renewed enactment crossed mature assets.
The CCE, represented by the caput of the Commission’s bureau successful Lagos, Paul Osu, noted that the interventions were projected to present incremental volumes exceeding 1 cardinal barrels of lipid per day, a cardinal milestone toward achieving the nationalist accumulation people of 2.5 cardinal bopd by 2027.
He stated that a sustainable rebound besides demanded unafraid infrastructure and credible measurement systems, and the Commission had collaborated with information agencies, backstage contractors and assemblage stakeholders successful implementing the Upstream Measurement Regulation and the Advance Cargo Declaration Regulation.
He disclosed that the effect was a singular 90 per cent simplification successful crude lipid theft from implicit 102,000 barrels per time successful 2021 to 9,600 barrels per time arsenic of September 2025.
Komolafe said, “Equally transformative is the agency’s enactment successful big assemblage development, done which it implements the PIA’s Host Communities Development Trust (HCDT) provisions. The Commission has successfully inaugurated implicit 90 Trusts crossed the Niger Delta, ensuring that improvement funds travel straight to communities.
This exemplary not lone secures section ownership but besides guarantees peace, stability, and continuity successful production, cardinal pillars for sustained vigor security.”
He added, “The rebound we are witnessing successful Nigeria’s upstream assemblage is not by chance; it is the result of deliberate regulatory design, anchored connected transparency, ratio and inclusiveness.
“The Commission’s strategical imaginativeness aligns with Nigeria’s broader economical goals and planetary sustainability commitments.
“At the aforesaid time, we are advancing Nigeria’s state docket arsenic portion of the “Decade of Gas” and the nation’s vigor modulation pathway. Natural state remains our astir reliable modulation fuel, a catalyst for industrialisation, powerfulness procreation and cleanable vigor substitution.” Komolafe noted.
He further said that by promoting state monetisation, flare elimination and gas-based investments, the Commission reinforced Nigeria’s committedness to a conscionable and balanced vigor transition.
He said the IEA projected that upstream concern would surpass $580 cardinal successful 2025, marking a dependable betterment from pandemic lows, adding that portion renewables would proceed to grow, hydrocarbons would stay cardinal to industrialisation, peculiarly successful emerging economies similar Nigeria.
“Our task, therefore, is to guarantee that this accumulation is done efficiently, transparently and sustainably, accordant with planetary champion practice,” helium assured.
Komolafe said that arsenic the state looked to the future, the Commission would proceed to prioritise measures to prolong Nigeria’s upstream rebound, execute 2.5 cardinal BOPD by 2027, “strengthen state monetisation, support our vigor infrastructure, and uphold the principles of transparency, accountability, and ratio that specify our regulatory mandate.”
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