The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, says 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 in Lagos on Wednesday, August 5, at the Society of Petroleum Engineers’ Nigeria Annual International Conference and Exhibition.
Eyesan, who was represented by the Executive Commissioner, Development and Production, Engineer Enorense Amadasu, said in her keynote address that these investments are expected to increase production, create jobs and strengthen energy security.
She stated, “Since 2024, the NUPRC has approved over US$57 billion in Field Development Plan (FDPs) some of which have translated to Final Investment Decisions. Twenty-two (22) major offshore projects are expectedbetween 2026 and 2030 with an estimated investment potential of $30–50 billion.
Copyright: Fresh Angle International (www.freshangleng.com)
ISSN 2354 - 4104
Sponsored Ad
Our strategic editorial policy of promoting journalism, anchored on the tripod of originality, speed and efficiency, would be further enhanced with your financial support.
Your kind contribution, to our desire to become a big global brand, should be credited to our account:
Fresh Angle Nig. Ltd
ACCOUNT NUMBER: 0130931842.
BANK GTB.
×
![]()