Nigeria Lands $18.2bn in Upstream Oil and Gas Investments

[NigerianEye - Nigeria] - 17/09/2025
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that Nigeria has secured $18.2 billion in upstream investment commitments through 28 newly approved Field Development Plans (FDPs). These projects are set to unlock 1.4 billion barrels of oil and 5.4 trillion cubic feet of gas, boosting production by approximately 591,000 barrels of oil per day and 2.1 billion standard cubic feet of gas daily, advancing Nigeria’s goal of reaching 3 million barrels per day.NUPRC Chief Executive Gbenga Komolafe credited the Petroleum Industry Act (PIA) reforms and President Bola (…)
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