The Commission Chief Executive, NUPRC, Mrs. Eyesan made the announcement at the 5th anniversary ceremony of the NUPRC themed, ‘From Uncertainty to Stability: Unlocking the Next Phase of Investment’, in Abuja on Tuesday, October 2, 2026.
“The round offers 40 blocks across land, shallow water and deep-water terrains. They are open to investors with the technical competence, the financial capacity and, above all, the commitment to develop Nigeria’s petroleum resources.”
On immediate plans to increase oil production, she said, “Our licensing will be regular and predictable. Our focus will be on what moves the numbers: restoring the more than 788,000 barrels per day of shut-in production identified across 63 operators; taking offshore projects valued at an estimated $30 billion to $50 billion to final investment decision; and raising domestic gas delivery from about two-thirds of the domestic obligation to full delivery.”
At the event, the NUPRC honoured past directors of the defunct Department of Petroleum Resources (DPR) as well as the pioneer leadership of the NUPRC and former leaders of the National Assembly who played pivotal roles in the passage of the PIA including former Senate President Ahmad Lawan; and former Speaker
The Commission also unveiled the special edition of its in house magazine, ‘The Upstream Gaze’ as well as a documentary detailing the journey of the Commission in the last five years.
