Mkpoikana Udoma
Port Harcourt — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has identified the recovery of shut-in oil and gas volumes as a central strategy for optimising Nigeria’s upstream production and stabilising revenue.
The Commission Chief Executive, Engr. Oritsemeyiwa Eyesan, said oil and gas remain critical to Nigeria’s economic stability, stressing that effective regulation must be anchored on a strong, efficiently run upstream industry.
According to Eyesan, the commission’s agenda for the sector under her leadership, is built on three core pillars, with production and revenue optimisation taking priority.
“Our agenda rests on optimising production and revenue by recovering shut-in volumes,” Eyesan said.
She explained that unlocking idle production requires closer collaboration between regulators and operators, supported by transparent and accountable industry practices.
Eyesan added that regulatory efficiency is another key enabler of production optimisation, noting that speed and predictability in approvals are essential to sustaining upstream operations.
“We are focused on ensuring regulatory speed and predictability through clear rules and digital processes,” she said.
The NUPRC chief further said that optimising output must go hand-in-hand with safe and sustainable operations, including effective governance of assets and improved host community outcomes.
“Strengthening safe, governed and sustainable operations, including host community outcomes and decarbonisation, is part of our broader objective,” Eyesan said.
She noted that a stable regulatory environment, combined with production recovery efforts, would support industry confidence and improve Nigeria’s ability to maximise value from its hydrocarbon resources.
This article was originally posted at sweetcrudereports.com
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