…NUPRC executive commissioner explained that nine projects had already received approved Field Development Plans, leaving the companies to take Final Investment Decisions before development could commence. “So, where will these volumes be coming from? Nine of these projects have approved FDPs, so the next step expected…

…Upstream Petroleum Regulatory Commission (NUPRC) has approved more than $57 billion in Field Development Plans (FDPs), some of which have translated to Final Investment Decisions. The commission said that 22 major offshore projects are expected between 2026 and 2030 with an estimated investment potential of between $30…

…Approval processes have accelerated. A 90-day programme to fast-track near-ready field development plans, well interventions, and rig mobilisations was among Eyesan’s first actions upon assuming office. In March, the commission signed the PEL5 agreement with SeaSeis Geophysical Limited and TGS, authorising new 3D seism…