To safeguard Nigeria’s commonwealth and enforce accountability in the oil and gas sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has received the engineering audit of upstream measurement equipment and facilities in the industry end–of–project report from PE Energy.
Approved by the Federal Executive Council (FEC) in 2024, the report, a statement from the NUPRC said, is a significant step toward improving hydrocarbon measurement and accountability, essential for ensuring optimal revenue collection within Nigeria’s oil and gas sector.
As mandated by the Petroleum Industry Act (PIA) 2021, the NUPRC is tasked with ensuring that hydrocarbon resources are accurately measured and reported.
According to the upstream regulator, the audit has helped in conducting a gap analysis, delivering a verified baseline inventory of all measurement points and implementing a competency transfer programme for the commission toward reshaping regulatory culture in the upstream sector.
Areas covered by the audit include on-site inspections and evaluation of all upstream metering systems, documentation of both current and ideal measurement points as defined by the PIA.
