By Obas Esiedesa, Abuja
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that it expects at least $30 billion in investments from 22 major offshore oil and gas projects planned between 2026 and 2030, as part of efforts to boost crude oil production, create jobs and strengthen the country’s energy security.
Speaking at the Society of Petroleum Engineers’ Nigeria Annual International Conference and Exhibition (NAICE 2026) in Lagos on Wednesday, the Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, said the projects have an estimated investment potential of between $30 billion and $50 billion.
In a statement by the Head, Media and Corporate Communications, NUPRC, Eniola Akinkuotu, Eyesan, who was represented by the Executive Commissioner, Development and Production, Engr. Enorense Amadasu, said the investments would reinforce Nigeria’s position as a leading global destination for upstream oil and gas investments.
She revealed that since 2024, the Commission had approved more than $57 billion worth of Field Development Plans (FDPs), with several of the approvals already progressing to Final Investment Decisions (FIDs).
