Tinubu’s oil reforms: Production rises, drilling surges as fresh investments return to Nigeria — Lokpobiri

Nigeria’s upstream petroleum sector is showing signs of renewed activity, with crude oil production approaching 1.8 million barrels per day, active drilling rigs rising from about 14 in 2023 to more than 60, and over $8 billion in major Final Investment Decisions (FIDs) recorded since the assumption of office by President Bola Ahmed Tinubu, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said.
In a statement signed by Nneamaka Okafor, Special Adviser, Media and Communications to the Honourable Minister of State for Petroleum Resources (Oil), states that the developments, point to a gradual reversal of the investment and production challenges that con...