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 788,000 barrels of crude oil per day from 63 operators' shut-in production, while attracting $30 billion to $50 billion in offshore projects. NUPRC Chief Executive Oritsemeyiwa Eyesan announced these goals during an annual conference of the Association of Energy Correspondents of Nigeria in Lagos.
The commission is also working to move offshore projects valued at an estimated $30 billion to $50 billion to final investment decisions. Eyesan stated that the priority is to restore 788,000 barrels per day of shut-in production, take offshore projects valued at $30 billion to $50 billion to final investment decision, and increase domestic gas delivery from two-thirds of the domestic obligation to full delivery.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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