…regulator, the Nigerian Upstream Petroleum Regulatory Commission, expected 22 major offshore projects to commence between now and 2030, with investment potential of between $30bn and $50bn. Recall that the NUPRC Chief Executive Officer, Oritsemeyiwa Eyesan, disclosed the projection at the Society of Petroleum Engineers…

…per day over the coming years.According to CFEAD, the incentive could revive major offshore projects that have remained delayed because of their huge capital requirements and lengthy investment cycles.The group identified the $10 billion Bonga South project, expected to commence production in 2027, as an example of the…

…create greater opportunities for investment and support the next generation of deep offshore projects. The 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, whe…

…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 billion and $50 billion. Its Chief […] The post NUPRC approves $57bn FDPs, targets $50 billion from 22 offshore projects appea…