Industry & Money

Nigeria Set for Oil Output Surge, Says NUPRC

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has expressed optimism that Nigeria’s crude oil output will soon witness a significant boost following the completion of a new offshore production facility.

Komolafe expressed his excitement in a statement issued by the commission’s Head of Media and Strategic Communications, Eniola Akinkuotu, on Thursday, after an official visit to Dubai Drydocks World in the United Arab Emirates, where he inspected the EMEM Floating Production Storage and Offloading vessel, which is currently undergoing final conversion works.

The visit formed part of the commission’s regulatory oversight function to assess the vessel’s sail-away readiness ahead of its deployment to Nigerian waters.

The statement read, “The commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has expressed delight over the impending increase in oil production.

“The CCE shared his view during an official visit to Dubai Drydocks World in the United Arab Emirates, as part of regulatory oversight of the EMEM Floating Production Storage and Offloading vessel’s sail-away readiness.”

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