The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has approved more than $57 billion in Field Development Plans (FDPs) since 2024, amid Nigeria’s aggressive push to attract fresh investment and expand oil and gas production.
In a statement issued on Wednesday, the commission said 22 major offshore projects are expected to come on stream between 2026 and 2030, with an estimated investment potential of between $30 billion and $50 billion.
Speaking at the Society of Petroleum Engineers’ Nigeria Annual International Conference and Exhibition (NAICE 2026) in Lagos on Wednesday, the Chief Executive of the NUPRC, Oritsemeyiwa Eyesan, said the approved development plans were expected to increase production, create jobs, expand infrastructure and strengthen Nigeria’s energy security.
Mrs Eyesan, represented at the event by the NUPRC’s Executive Commissioner for Development and Production, Enorense Amadasu, said some of the approved FDPs had progressed to Final Investment Decisions (FIDs).
“Since 2024, the NUPRC has approved over US$57 billion in Field Development Plans (FDPs), some of which have translated to Final Investment Decisions. Twenty-two major offshore projects are expected between 2026 and 2030, with an estimated investment potential of $30–50 billion,” she said.
