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HomeNewsFesh investments Projects To Boost  600,000 Barrrls Crude Oil Daily Says NUPRC

Fesh investments Projects To Boost  600,000 Barrrls Crude Oil Daily Says NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), revealed that the 28 Field Development Plans (FDPs) so far approved in 2025 will add 600,000 barrels of oil per day and more than 2 billion standard cubic feet of gas daily.

This growth will come from 28 newly approved Field Development Plans in 2025, expected to produce 600,000 barrels of crude oil and over 2 billion standard cubic feet of gas daily. If achieved, Nigeria’s crude output will rise from 1.39 million barrels per day in September to about 1.89 million barrels per day.

The Commission Chief Executive (CCE) of the NUPRC, Engr. Gbenga Komolafe, said this at the ongoing 2025 World Energies Summit convened by Frontier Energy Network in London. Gbenga Komolafe highlighted that Nigeria’s oil sector is attracting fresh global confidence, citing key Final Investment Decisions like the $5 billion Bonga North and $500 million Ubeta Gas Project. Rig activity has also risen sharply, from 8 in 2021 to 70 in 2025, showing renewed investor participation.

He stated, “In 2025 alone, 28 new Field Development Plans have already been approved, unlocking an additional 1.4 billion barrels of oil and 5.4 trillion cubic feet of gas.

“These projects are expected to add nearly 600,000 barrels of oil per day and more than 2 billion standard cubic feet of gas per day, supported by $18.2 billion in committed CAPEX.

“Together, these outcomes demonstrate that Nigeria’s upstream sector is not only on a growth trajectory but is also attracting the scale of investment needed to sustain its role as a premier global energy hub.”

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