The Nigerian Upstream Petroleum Regulatory Fee (NUPRC) says it has known greater than 788,000 barrels in line with day (bpd) of shut-in oil manufacturing throughout 63 operators that it’s focused on for recovery as a part of efforts to extend Nigeria’s crude oil output.
The Fee Leader Government, Oritsemeyiwa Eyesan, disclosed this on the nationwide convention of the Affiliation of Power Correspondents of Nigeria (NAEC) in Lagos, consistent with a publish shared by means of the fee on X on Saturday.
Close-in manufacturing refers to grease wells that don’t seem to be lately generating, in spite of having the possible to take action, because of operational, technical, industrial or different constraints.
Eyesan, who used to be represented by means of Patricia Temisan-Olatunde, Assistant Director, Company Products and services and Management, stated the fee used to be accelerating approval processes along its licensing rounds to strengthen near-term manufacturing expansion.
She stated 77 wells have been effectively re-entered between January and September 2026, whilst 128 wells have been licensed for drilling throughout the duration.
NUPRC goals recovery of shut-in manufacturing
The fee stated its fast priorities come with restoring the known shut-in volumes, advancing primary offshore tasks to ultimate funding choice (FID) and bettering home gasoline provide.
- “Our key precedence is unassuming: restoring the greater than 788,000 barrels in line with day of shut-in manufacturing known throughout 63 operators; taking offshore tasks valued at an estimated $30 billion to $50 billion to ultimate funding choice; and elevating home gasoline supply from about two-thirds of the home legal responsibility to complete supply,” the fee mentioned.
The focused offshore tasks constitute a possible funding pipeline of between $30 billion and $50 billion, whilst the rush to give a boost to gasoline supply is geared toward making sure that home provide meets the rustic’s complete legal responsibility.
The NUPRC’s efforts are being pursued along govt orders issued by means of President Bola Tinubu to inspire funding in deepwater petroleum tasks, as Nigeria works against its 2030 oil and gasoline ambitions.
Nigeria steps up oil licensing rounds
The newest manufacturing pressure comes because the Federal Executive expands alternatives for upstream funding via successive oil and gasoline licensing rounds.
- Nairametrics previous reported that belongings introduced within the NUPRC’s 2025 oil licensing spherical may upload about 500 million barrels to Nigeria’s crude oil reserves and a minimum of 300,000 bpd of crude oil and condensate manufacturing inside of 5 years, matter to a hit construction of the belongings.
- The fee stated the projected contribution may strengthen Nigeria’s ambition to boost oil manufacturing to a few million bpd by means of 2030.
- The Federal Executive opened the 2026 oil and gas licensing round on Wednesday, providing 40 blocks throughout onshore, shallow-water and deepwater terrains to native and world buyers.
- The workout follows the 2025 licensing round, through which 31 firms emerged as winners of 37 oil and gasoline blocks after a aggressive bidding procedure.
The luck of the wider manufacturing technique will rely no longer simplest on awarding licences and approving drilling actions, but in addition at the skill of operators to broaden belongings, unravel manufacturing constraints and convey further volumes to marketplace.