₦341tn Oil Reserves Untapped in Nigeria - Report
Over 3.5 billion barrels of oil and condensate reserves are locked in undeveloped fields across different basins in Nigeria, according to reports in a publication by the Nigerian Upstream Petroleum Regulatory Commission.
At the current average price of...
According to a report by the Organisation of the Petroleum Exporting Countries (OPEC), Nigeria’s average daily crude production rose to 1,507,000 barrels per day in July,
NUPRC Aims to Capture 40% of Africa's Oil Investments
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is taking bold steps to reclaim the country’s dominant position in Africa’s oil and gas investment space after its share of sub-Saharan Africa’s upstream inflows plunged from...
Nigeria’s crude oil production rose to a peak of 1.78 million barrels per day (mbpd) in July, the highest level recorded year-to-date (YTD). The July production was about a five per cent uptrend compared to the 1.7 mbpd average output recorded in June.
