08 Apr Nigeria to position its oil and gas sector for renewed investment
Government officials are preparing to engage with global stakeholders at the Invest in African Energy Forum in Paris next month.
The country has reported increased upstream activity supported by recent reforms, new project approvals and a shift in asset ownership, according to APO Group. In 2025, Nigeria approved 28 field development plans valued at $18.2 billion, targeting an estimated 1.4 billion bbl of reserves.
Crude production has rebounded to approximately 1.6–1.7 MMbpd, driven by increased drilling activity and government-led initiatives aimed at restoring output. Additional gains have come from greater participation by indigenous operators following divestments by international oil companies, contributing an estimated 200,000 bpd to national production.
The implementation of the Petroleum Industry Act has also reshaped the fiscal and regulatory framework, with officials citing improved transparency and investment conditions. Related News
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