As regulators award new acreage under the Petroleum Industry Act, questions remain over whether infrastructure, investment, and operational realities can deliver on the ambitious 2030 output targets. The 3-Million-BPD Ambition For decades, achieving a three-million-barrel-per-day (bpd) target has seemingly remained elusive in Nigeria’s oil sector as the country’s production has been hindered by years …
The Commission charges new PPL licence winners to drive Nigeria's 3 million bpd production target The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has charged the latest recipients of Petroleum Prospecting Licences (PPLs) to develop the assets quickly or face the risk of forfeiture under the "drill or drop" provisions of the Petroleum Industry Act …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially launched the 2025 licensing Round, with a target of attracting up to $10 billion in investments. The Commission has officially opened the 2025 licensing Round Portal - http://br2025.nuprc.gov.ng for entries by potential investors. Pinnacle Daily had reported that the upstream regulator announced plans to commence the …
