NUPRC News – Page 24 – Nigerian Upstream Petroleum Regulatory Commission

26 Mar 2023

RAMADAN KAREEM!

NUPRC HOSTS MEETING ON DOMICILLATION OF DECOMMISIONING AND ABANDONMENT FUNDS

The Commission Chief Executive NUPRC Engr Gbenga Komolafe FNSE chaired a meeting on the Domicillation of Decommisioning and Abandonment of funds with the Chief Financial Officer, NNPCL Mr Umar Ajiya and Deputy Governor, CBN Dr. Kingsley Obiora in order to address the financial constraint in the upstream oil and gas sector and to create an enabling environment to drive investment in the s...

PRESS STATEMENT – NUPRC DEPLOYS INITIATIVES TO HELP MARGINAL FIELD AWARDEES PROGRESS IN FIELD DEVELOPMENT

In recognition of the funding challenges facing some of the awardees of the 2020 Marginal Field Bid Round licences, the Nigerian Upstream Regulatory Commission (NUPRC) is planning a production based lending engagement that will help them source needed capital to commence full field development towards hitting first oil. The engagement which is planned to commence soon will be between ...

HAPPY INTERNATIONAL WOMEN’S DAY FROM ALL OF US AT NUPRC

PRESS STATEMENT

His Excellency the Vice President, Professor Yemi Osinbajo declares open Stakeholders Conference on Oil Theft/Losses in Nigeria themed “Protecting Petroleum Industry Assets for Improved Economy” organised by the Special Investigative Panel on Oil Theft/Losses in Nigeria at Transcorp Hilton Hotel Abuja. Kindly follow us on twitter: @nuprcofficial

PRESS STATEMENT

40% OF CRUDE LOSES DUE TO MEASUREMENT INACCURACIES, NOT THEFT – NUPRC Approximately 40% of the volumes credited to crude losses in the Nigerian petroleum industry are actually attributable to measurement inaccuracies and not theft as often reported. The Chief Executive of the Nigerian Upstream Regulatory Commission (NUPRC), Engr Gbenga Komolafe stated this in Lagos at the Petroleum...