NUPRC Eyes 788,000bpd Shut-In Crude to Boost Output   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said it is targeting the recovery of more than 788,000 barrels of crude oil per day from shut-in production, while pushing to attract between $30bn and $50bn into offshore...

The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission, has announced the 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater terrains as the Federal Government intensifies efforts to attract fresh investment into the upstream sector.

‎Nigeria produced about 307 million barrels of crude oil and condensate between March and August 2026, according to data from the Nigerian Upstream Petroleum Regulatory Commission.

Nigeria maintained compliance with its OPEC production quota for the fourth consecutive month in August 2026, producing an average of 1.5 million barrels of crude oil per day, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that companies awarded flare gas commercialisation sites risk losing their permits if they fail to make substantial progress in developing the assets within one year.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the $300 helicopter levy per landing remains applicable to upstream petroleum operations, while the Terminal Navigational Charge (TNC) does not apply to landings at private offshore facilities or oil platforms.