The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that 43 Field Development Plans (FDPs) approved this year have the potential to unlock 1.7 billion barrels of crude oil and 7.7 trillion cubic feet of gas.
The Commission’s Chief Executive, Gbenga Komolafe, disclosed this at the 43rd Annual International Conference and Exhibition (AICE) of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos on Monday.
Represented at the event by NUPRC’s Director of Subsurface Development, Emmanuel Mac-Jaja, Komolafe said the FDPs signal a resurgence in investment in Nigeria’s upstream sector.
Speaking on the theme, “Revitalising the Nigerian Petroleum Exploration and Production: Strategies for Energy Security and Sustainable Development,” he said: “In 2025 alone, 43 new Field Development Plans (FDPs) were approved, unlocking 1.7 billion barrels of oil and 7.7 trillion cubic feet of gas, backed by over $20 billion in committed capital.”
He highlighted major Final Investment Decisions (FIDs), including $5 billion for Bonga North, $500 million for Ubeta Gas, and $2 billion for Shell’s HI Gas Project, unlocking nearly 2 trillion standard cubic feet of gas.
The Commission Chief further noted that indigenous participation continues to deepen, with local acquisition deals exceeding $5 billion, signaling growing confidence in homegrown players.
