NUPRC: 2025 oil licensing round could add 500 million barrels to Nigeria’s reserves

AI Summary

Nigeria’s upstream petroleum regulator says the 2025 oil licensing round could add about 500 million barrels to the country’s crude reserves. The offered assets are also projected to support at least 300,000 barrels per day of additional crude oil and condensate production within five years.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says assets offered in its 2025 oil licensing round could add about 500 million barrels to Nigeria’s crude oil reserves and at least 300,000 barrels per day (bpd) of crude oil and condensate production within five years. The post NUPRC: 2025 oil licensing round could add 500 million barrels to Nigeria’s reserves appeared first on Nairametrics.