Nigeria Produced 159 million barrels of oil in Four Months, Says NUPRC Data from the Nigerian Upstream Petroleum Regulatory Commission shows that Nigeria produced 159,158,191 barrels of crude oil in the first four months of 2024. According to the NUPRC data, 44.2 million barrels of crude...

NUPRC Begins Bidding Round for 12 Oil Blocks The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the bidding process for 12 oil blocks recently listed for sale. It also signals the start of the 2024 Nigeria Petroleum Licensing Round and the resumption...

NUPRC Offers 12 Oil Blocks to Investors as 2024 Bid Round Commences The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, yesterday, disclosed that it has commenced the process for the 2024 oil bid round with 12 oil blocks on offer and seven deep offshore blocks from...

NUPRC Announces The Increase of 1.087bn Barrels to Nigeria’s Crude Oil Reserves The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday formally announced a rise in Nigeria’s hydrocarbons’ reserves as of January 1, 2024, with the country’s stock of crude oil jumping by 1.087 billion barrels...

Crude Oil: N720bn Lost to Lower Production in Eight weeks – Report Nigeria lost about N720bn in revenue as a result of the consecutive monthly decline in its crude oil production in February and March 2024. Also, the country’s inability to ramp up production in these...

In Two Months, Oil Earning Increases by by N450bn – FG An analysis of data in the latest reports on Nigeria’s oil production shows that crude oil earnings by the Federal Government increased by about N449.93bn in the months of December 2023 and January 2024. Although...