NUPRC targets 788,000bpd shut-in crude for recovery
The NUPRC says it is targeting the recovery of over 788,000 barrels of crude oil per day from shut-in production across 63 operators in Nigeria. Read More: https://punchng.com/nuprc-targets-788000bpd-shut-in-crude-for-recovery/
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) aims to restore over 788,000 barrels of crude oil per day, previously shut-in, across 63 operators, while targeting $30bn to $50bn in offshore investment. NUPRC Chief Executive Oritsemeyiwa Eyesan made these announcements at a recent conference in Lagos. Additionally, the commission plans to move offshore projects valued at $30bn to $50bn to final investment decisions.
Eyesan reported that the NUPRC has accelerated approval processes, with 77 wells re-entered and 128 wells approved for drilling in 2026. The commission launched the 2026 licensing round, offering 40 assets for bids, with the aim of deepening exploration, creating jobs, increasing production, and expanding government revenue.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
