Upstream Petroleum

Nigeria’s oil minister says crude oil production has risen from 1 million to 1.8 million barrels per day and the next target is 2.5 million.

Nigerian independent oil producers have doubled their share of national output over a decade, growing from 12 percent to 27 percent, Wood Mackenzie data shows.

Nigeria’s upstream oil regulator and nuclear authority are merging their regulatory frameworks to cut compliance costs and strengthen radiological safety across the sector.

Nigeria’s oil regulator has confirmed a fresh licensing round for Q3 2026, backed by presidential approval and rising investor confidence in the upstream sector.