28 Mar 2023

It is indeed my pleasure and honour to deliver the Regulator’s remark at this important event marking the presidential flag-off ceremony for the commencement of Exploratory Drilling activities in the Oil Prospecting Licence 826 (Ebenyi-A Well) in the Middle Benue Trough. This event also marks another milestone in the decades of hydrocarbon exploration in the inland frontier basins and un...
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27 Mar 2023

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24 Mar 2023

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...
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14 Mar 2023

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 ...
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17 Feb 2023

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...
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