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Tag "Nigerian Upstream Petroleum Regulatory (NUPRC)"

1.2m barrels of oil NOT produced due to theft, says NUPRC

    1.2m barrels of oil NOT produced due to theft, says NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says about 1.2 million barrels of oil are shut-in consistently due to crude oil theft in the country. Gbenga Komolafe, chief executive officer,

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At 972,394 bpd, Nigeria’s oil output drops to record low

    At 972,394 bpd, Nigeria’s oil output drops to record low

More worries for the Nigerian government as crude oil production dropped below the one million mark in August 2022. Checks by TheCable showed that oil output averaged 972,394 barrels per

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Oil theft: Nigeria lost $1bn in Q1 2022, says NUPRC

    Oil theft: Nigeria lost $1bn in Q1 2022, says NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has developed key initiatives aimed at reducing crude oil theft and illegal artisanal refining. Gbenga Komolafe, chief executive officer, NUPRC, said

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Marginal fields: NUPRC awards licences to 161 companies, rakes N200bn, $7m

    Marginal fields: NUPRC awards licences to 161 companies, rakes N200bn, $7m

The Nigerian Upstream Petroleum Regulatory (NUPRC) says the 2020 marginal field bid round exercise generated about N200 billion as well as $7 million in revenue for the federal government (FG).

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