- FG targets an additional 600,000bpd crude investments as NUPRC drives new Field Development Plans to boost Nigeria’s oil and gas output.
- In 2025 alone, the approved FDPs unlocked 1.4 billion barrels of oil and 5.4 trillion cubic feet of gas reserves.
The Federal Government of Nigeria, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has reaffirmed its plan to boost oil and gas production. It also aims to attract more international investors to strengthen the country’s upstream sector.
According to the Commission Chief Executive, Engr. Gbenga Komolafe, 28 Field Development Plans (FDPs) approved in 2025 will add 600,000 barrels of oil per day. They will also deliver more than two billion standard cubic feet of gas daily. This will further enhance Nigeria’s production capacity and energy market stability.
Speaking at the 2025 World Energies Summit in London, hosted by Frontier Energy Network, Komolafe urged investors to seize new opportunities. These, he noted, will emerge ahead of Nigeria’s next oil block licensing round. He explained that the Commission is introducing bold reforms and proactive policies to turn challenges into opportunities. Moreover, these actions are occurring amid growing global pressures for energy transition.
In 2025 alone, the approved FDPs unlocked 1.4 billion barrels of oil and 5.4 trillion cubic feet of gas reserves. These projects come with $18.2 billion in committed capital expenditure (CAPEX). This investment underscores Nigeria’s standing as a reliable and attractive global energy hub. The upstream sector continues to expand rapidly, fuelled by investor confidence and transparent regulatory systems.
Beyond these achievements, Komolafe highlighted key reforms such as the 2022 Petroleum Prospecting Licences and the Mini-Bid Round for deep offshore blocks. He also mentioned the transparent 2024 Licensing Round, which improved investor trust. In addition, enhanced data acquisition campaigns have widened participation and boosted exploration across the sector.
As a result of these efforts, Nigeria’s upstream industry has recorded strong growth. Rig activity rose from eight in 2021 to seventy in 2025, with forty-one currently drilling. Similarly, oil production increased from 1.46 million barrels per day in October 2024 to nearly 1.8 million barrels per day. Major projects such as the $5 billion Bonga North and $500 million Ubeta Gas Project reflect renewed investor confidence and long-term commitment.
Komolafe stressed that, for Nigeria and Africa, energy transition must align with energy security. He explained that the country’s “Decade of Gas” strategy and the Petroleum Industry Act (PIA) 2021 have reshaped the oil and gas landscape. These reforms, he added, now provide clarity, stability, and sustainability.
In conclusion, the FG’s 600,000bpd crude investment drive highlights Nigeria’s ambition to expand oil output and attract global investors. With consistent reforms, transparent governance, and investor-friendly policies, Nigeria positions itself as a dependable and forward-thinking energy destination in the evolving global market.