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Nigeria's NUPRC Projects 500 Million Barrels From 2025 Oil Licensing Round

Unverified — auto-generated summary, not yet reviewedInfrastructureNigeriaOct 9, 2026

Nigeria's Petroleum Regulatory Commission has stated that the 2025 oil licensing round could add up to 500 million barrels to the country's proven reserves. The projection is upstream oil rather than a technology investment signal.

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NUPRC: 2025 oil licensing round could add 500 million barrels to Nigeria’s reserves · nairametrics.com · T2