Oritsegbubemi Omatseyin
Lagos — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has set a production target of at least 2.1 million barrels of oil per day, mbd, for the country this year, 2025.
The Commission Chief Executive, CCE, Engr. Gbenga Komolafe, announced this during his appearance before the Senate Committee on Appropriation.
Engr. Komolafe highlighted the significant strides made by the Commission since its establishment in 2021. He noted that Nigeria’s rig count, which stood at 16 as of 2021, has now doubled to 32 under the Commission’s oversight.
This increase reflects ongoing efforts to boost upstream activities and enhance the country’s crude oil production capacity.
The CCE added that the bold production target by NUPRC aims to position Nigeria as a more competitive and sustainable player in the global oil and gas industry.
