24 Sep 2025

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has faulted a report titled, ‘N8.41tn oil theft drains economy, fuels investors’ doubts’ published on the front page of The PUNCH on Wednesday September 24, 2025. The report in question was based on a misinterpretation of crude loss statistics between 2021 and July 2025 which had been released by the NUPRC in the spirit of ...
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18 Sep 2025

…AFRIPERF Charter To Promote Investments, Harmonisation of Petroleum Regulations Nigeria has once again demonstrated leadership in Africa’s oil and gas sector by spearheading the signing of a charter to birth the African Petroleum Regulators Forum (AFRIPERF). The landmark signing ceremony, chaired by the Commission Chief Executive (CCE) Of the Nigerian Upstream Petroleum Regulatory...
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12 Sep 2025

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revoked the operating licence of Oritsemeyin Rig and directed it to cease all operations upon the completion of its current well operations. The notice is contained in a letter dated September 11, 2025, addressed to Selective Marine Services Limited (SMSL) and signed by the Commission Chief Executive, Engineer GbengaK...
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12 Sep 2025

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has successfully overseen the conversion of Petroleum Prospecting Licence (PPL) 202 to Petroleum Mining Lease (PML) 66, a landmark achievement that reinforces Nigeria’s standing as a prime destination for both local and international oil and gas investors. This milestone not only signifies the successful transition of a key a...
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11 Sep 2025

... Daily Losses Contained At 9,600 Barrels Nigeria’s upstream oil sector is witnessing a dramatic turnaround, with crude oil losses from theft and metering issues dropping to their lowest levels in nearly 16 years. In July 2025, daily losses stood at 9,600 barrels per day (bpd), the lowest figure since 2009 when losses dropped to all-time low of 8,500 bpd. This is based on tren...
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09 Sep 2025

... 94 Decommissioning and Abandonment Plans Approved In Line With PIA ... Over $400m In Pre-sale Decommissioning And Abandonment Liabilities Secured The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has said Nigeria is applying lessons from costly global divestment cases to safeguard its oil and gas sector, securing over $400 millio...
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01 Sep 2025

… Komolafe Commends President for Vacating Entry Barriers ... We Look Forward to Another Bid Round – NNPCL … We’re Honoured to Be First IOC Awarded Exploration Block in 10 Years- Total MD ... SAPETRO Commends NUPRC's Transparency in Bid Process The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has overseen the successful execution of the Production Sharing Contract (PSC) ...
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30 Aug 2025

… Gas Production Rises 8.58% Year-On-Year … As Gas Flare Hits Three-Year Low Of 7.16% Nigeria has achieved a rare energy milestone as gas flaring fell to 7.16% in July 2025, even as daily gas production rose to 7.59 billion standard cubic feet per day (BSCFD). The simultaneous growth in output and decline in flaring underscores the Commission’s drive to boost production while advan...
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25 Aug 2025

Nigeria’s oil output recorded significant growth in July 2025, averaging 1.71 million barrels of oil per day (bopd). The figure comprises 1.507 million bopd of crude oil and 204,864 bopd of condensates. This reflects a 9.9% year-on-year surge from the 1.56 million bopd produced in July 2024, which included 1.33 million bopd of crude oil and 226,866 bopd of condensates. On a month-o...
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