NUPRC targets $30bn investments from 22 offshore projects

By Obas Esiedesa, Abuja
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that it expects at least $30 billion in investments from 22 major offshore oil and gas projects planned between 2026 and 2030, as part of efforts to boost crude oil production, create jobs and strengthen the country’s energy security.
Speaking at the Society of Petroleum Engineers’ Nigeria Annual International Conference and Exhibition (NAICE 2026) in Lagos on Wednesday, the Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, said the projects have an estimated investment potential of between $30 billion and $50 billion.
In a statement by the Head, Media and Corporate Communications...