NUPRC Rallies Industry Players to Unlock Nigeria’s Offshore Oil Potential
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has mobilised oil industry stakeholders to accelerate the development of Nigeria’s offshore oil assets through cluster development strategies.
Commission Targets Marginal and Stranded Offshore Fields
The NUPRC convened a high-level workshop with upstream operators to roll out its offshore cluster development framework. The strategy aims to revitalise marginal and underutilised deep and shallow water fields by promoting shared infrastructure and coordinated investment.
“We must act decisively to grow output and attract long-term capital,” said Babajide Fasina, NUPRC’s Executive Commissioner for Economic Regulations and Strategic Planning. He represented the Commission Chief Executive, Engr. Gbenga Komolafe, at the event.
Aligning with National Oil Production Goals
The move aligns with Nigeria’s 2024–2026 Near-Term Regulatory Action Plan and President Tinubu’s directive to boost oil production and energy sector resilience.
Fasina stated, “Cluster development presents a strategic opportunity to deepen exploration and increase daily production volumes, while promoting sustainable field management.”
Removing Bottlenecks Through Nodal Development
Engr. Enorense Amadasu, Executive Commissioner for Development and Production, presented the Commission’s cluster strategy. The model addresses key constraints including lack of infrastructure, high operational costs, and regulatory delays.
“Our goal is a nodal model that delivers shared technical platforms, economic viability, and regulatory clarity,” Amadasu said. “This must be a joint effort between government and operators.”
The NUPRC plans to establish an industry-wide steering committee to guide implementation and fast-track project rollout.
Industry Welcomes the Move
Top executives from major exploration and production (E&P) companies praised the initiative. Many described it as timely, given the need to monetise Nigeria’s vast offshore reserves and reposition the sector amid the global energy transition.
“This is exactly what the industry needs, collaboration, clear policy direction, and efficient execution,” said one operator CEO in attendance. “We’re ready to work with the Commission to unlock Nigeria’s offshore potential.”
Looking Ahead
The NUPRC emphasised its commitment to creating a competitive, investor-friendly environment. By deploying modular infrastructure, improving regulatory efficiency, and fostering strategic alliances, the Commission hopes to spur offshore growth, job creation, and energy security.
