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NUPRC Declares 37.01bn Barrels, 215 TCF Oil, Gas Reserves As Of Jan 1

NUPRC Declares 37.01bn Barrels, 215 TCF Oil, Gas Reserves As Of Jan 1

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially declared Nigeria’s total oil and condensate reserves at 37.01 billion barrels and gas reserves at 215.19 trillion cubic feet (TCF) as of January 1, 2026. The commission’s chief executive Oritsemeyiwa Eyesan made the announcement, on Wednesday, highlighting the NUPRC’s mandate under the Petroleum Industry Act (PIA) [...]

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