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NUPRC Project One Million Barrels Initiative

Sector: LNG • Location: Nigeria

Source: The Nation Newspaper

Project
Under Implementation

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reactivated dormant oil fields, fast-tracked regulatory approvals, and enhanced operational efficiencies to increase oil production as part of its Project One Million Barrels initiative launched in 2024. The initiative aims to increase production to 2.5 million barrels per day by 2026, with current production averaging 1.7 to 1.83 m

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The project “NUPRC Project One Million Barrels Initiative” is an infrastructure initiative in the LNG sector, located in Nigeria. Taiyo aggregates data on it from The Nation Newspaper.

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Participants

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under implementation

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Description

Description

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reactivated dormant oil fields, fast-tracked regulatory approvals, and enhanced operational efficiencies to increase oil production as part of its Project One Million Barrels initiative launched in 2024. The initiative aims to increase production to 2.5 million barrels per day by 2026, with current production averaging 1.7 to 1.83 million barrels per day. The project also includes new licensing rounds for onshore, shallow water, and deep offshore blocks, and infrastructure development in natural gas, LNG, FLNGs, and CNG transportation to enhance export capacity and domestic energy supply.

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Source reliability

High

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