NUPRC targets $30bn investments from 22 offshore projects
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.“Beyond increasing production, these investments will create jobs, expand infrastructure, strengthen energy security and reinforce Nigeria’s position as a leading global upstream investment destination,” she said.
The NUPRC boss also announced that preparations were already underway for the 2026 Licensing Round, expressing confidence that the process would further strengthen investment certainty in Nigeria’s upstream petroleum industry.
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