NUPRC: $50bn Investments Expected from 22 Offshore Oil Projects by 2030

•Says infrastructure deficit undermining Africa’s potential

Emmanuel Addeh in Abuja

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said that 22 major offshore projects are expected between 2026 and 2030 with an estimated investment potential of between $30 billion and $50 billion.

The Commission Chief Executive, NUPRC, Mrs. Oritsemeyiwa Eyesan, said this yesterday in Lagos at the Society of Petroleum Engineers’ Nigeria Annual International Conference and Exhibition (NAICE 2026).

A statement in Abuja by the Head, Media and Corporate Communications of the NUPRC, Eniola Akinkuotu, disclosed that Eyesan was represented by the Executive Commissioner, Development and Production, Mr Enorense Amadasu.