• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, January 21, 2026
Daily Concord News
  • Home
  • News
    • All
    • Africa
    • local
    • Nigeria
    • Science
    • World
    Budget Office Dismisses Claims of ₦246bn ‘Salaries Budget’ for NEDC

    Budget Office Dismisses Claims of ₦246bn ‘Salaries Budget’ for NEDC

    President Tinubu Constitutes the Boards of NADF, Bank of Agriculture and UBEC

    FG Confirms New Tax Laws to Take Effect January 1, 2026

    Ramadan Palliatives: Nigerian Muslim’s Commend Matawalle

    Zamfara Youth League Condemns Allegations Against Matawalle as ‘Indecent Politics’

    Ribadu Strengthens Forest Security Operations to Dismantle Criminal Hideouts

    NSA Ribadu Unveils 7,000 Forest Guards, Set for Immediate Deployment

    Nigeria, U.S. Deepen Security Cooperation as Intelligence-Led Operations Hit Terrorist Targets

    Nigeria, U.S. Deepen Security Cooperation as Intelligence-Led Operations Hit Terrorist Targets

    NSA Leads Tinubu’s Delegation To Rivers, Commends Fubara as Federal Government Signals New Dawn for Ogoniland

    NSA Leads Tinubu’s Delegation To Rivers, Commends Fubara as Federal Government Signals New Dawn for Ogoniland

  • Politics
  • Business
  • Sports
  • Entertainment
    • All
    • Gaming

    Timipre Sylva Inaugurates the National Gas Expansion Programme, Committee

  • Tech

    The Rising Profile of Dr. Aminu Maida and Reforms at the NCC

    Nigeria’s Central Bank and Telecom Regulator Move to Standardize Airtime Recharge

    How to Save Mobile Data: Smart Tips for MTN, Airtel, Glo & T2 Users

    The Imperative of Corporate Governance in Nigeria’s Telecommunications Industry

    Nigeria’s NCC to roll out 5-year spectrum roadmap in November for faster internet

    The Imperative of Corporate Governance in Nigeria’s Telecommunications Industry

    The Imperative of Corporate Governance in Nigeria’s Telecommunications Industry

    NASENI Launches N250m ‘Innovate Naija’ Challenge at GITEX Nigeria

    NASENI Launches N250m ‘Innovate Naija’ Challenge at GITEX Nigeria

    NCC Launches Landmark Corporate Governance Guidelines to Transform Nigeria’s Telecom Sector

    Nigeria to Revamp Telecom Policy as NCC Plans Quarterly Operator Rankings

    Trending Tags

  • Lifestyle
    • All
    • Culture
    • Food
    • Health
    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    The Unifying Factor of Culture

    Examining Arts as a Unifying Elements

    The Unifying Factor of Culture

    The Unifying Factor of Culture

    Senate President Greets Asiwaju Bola Tinubu @69

    Senate President Greets Asiwaju Bola Tinubu @69

    Trending Tags

  • Opinion
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • local
    • Nigeria
    • Science
    • World
    Budget Office Dismisses Claims of ₦246bn ‘Salaries Budget’ for NEDC

    Budget Office Dismisses Claims of ₦246bn ‘Salaries Budget’ for NEDC

    President Tinubu Constitutes the Boards of NADF, Bank of Agriculture and UBEC

    FG Confirms New Tax Laws to Take Effect January 1, 2026

    Ramadan Palliatives: Nigerian Muslim’s Commend Matawalle

    Zamfara Youth League Condemns Allegations Against Matawalle as ‘Indecent Politics’

    Ribadu Strengthens Forest Security Operations to Dismantle Criminal Hideouts

    NSA Ribadu Unveils 7,000 Forest Guards, Set for Immediate Deployment

    Nigeria, U.S. Deepen Security Cooperation as Intelligence-Led Operations Hit Terrorist Targets

    Nigeria, U.S. Deepen Security Cooperation as Intelligence-Led Operations Hit Terrorist Targets

    NSA Leads Tinubu’s Delegation To Rivers, Commends Fubara as Federal Government Signals New Dawn for Ogoniland

    NSA Leads Tinubu’s Delegation To Rivers, Commends Fubara as Federal Government Signals New Dawn for Ogoniland

  • Politics
  • Business
  • Sports
  • Entertainment
    • All
    • Gaming

    Timipre Sylva Inaugurates the National Gas Expansion Programme, Committee

  • Tech

    The Rising Profile of Dr. Aminu Maida and Reforms at the NCC

    Nigeria’s Central Bank and Telecom Regulator Move to Standardize Airtime Recharge

    How to Save Mobile Data: Smart Tips for MTN, Airtel, Glo & T2 Users

    The Imperative of Corporate Governance in Nigeria’s Telecommunications Industry

    Nigeria’s NCC to roll out 5-year spectrum roadmap in November for faster internet

    The Imperative of Corporate Governance in Nigeria’s Telecommunications Industry

    The Imperative of Corporate Governance in Nigeria’s Telecommunications Industry

    NASENI Launches N250m ‘Innovate Naija’ Challenge at GITEX Nigeria

    NASENI Launches N250m ‘Innovate Naija’ Challenge at GITEX Nigeria

    NCC Launches Landmark Corporate Governance Guidelines to Transform Nigeria’s Telecom Sector

    Nigeria to Revamp Telecom Policy as NCC Plans Quarterly Operator Rankings

    Trending Tags

  • Lifestyle
    • All
    • Culture
    • Food
    • Health
    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    The Unifying Factor of Culture

    Examining Arts as a Unifying Elements

    The Unifying Factor of Culture

    The Unifying Factor of Culture

    Senate President Greets Asiwaju Bola Tinubu @69

    Senate President Greets Asiwaju Bola Tinubu @69

    Trending Tags

  • Opinion
No Result
View All Result
Daily Concord News
No Result
View All Result
Home Economy

NUPRC Chief Eyesan Unveils Upstream Roadmap to Boost Output, Speed Up Approvals

Tunde Abiola by Tunde Abiola
January 16, 2026
in Economy
0
0
SHARES
19
VIEWS
Share on FacebookShare on Twitter

The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, has outlined a new strategic vision aimed at lifting Nigeria’s upstream oil and gas production while improving regulatory efficiency and operational sustainability.

Mrs. Eyesan unveiled the agenda on Wednesday, January 14, 2026, at a stakeholder meeting in Lagos attended by operators and industry groups, including the Oil Producers Trade Section (OPTS), the Independent Petroleum Producers Group (IPPG), emerging operators, and other key sector players.

According to the NUPRC chief, the strategy is built on three core pillars: production optimisation and revenue expansion; regulatory predictability and speed; and safe, governed, and sustainable operations.

She said the plan aligns with the Renewed Hope Agenda of President Bola Ahmed Tinubu, including the administration’s target of ramping up crude oil production to 2 million barrels per day by 2027 and 3 million barrels per day by 2030.

On production growth, Mrs. Eyesan said the Commission would focus on recovering economically viable shut-in volumes, arresting natural decline, reducing losses, and accelerating time-to-first oil—without increasing regulatory burden or transaction costs. She disclosed that this drive has already begun, citing the recent reactivation of a long shut-in asset.

She explained that regulatory predictability and speed would be achieved by running regulation “like a service,” enforcing rules transparently, and making time-bound decisions. As part of this approach, the Commission plans to publish Service Level Agreements (SLAs) for all major regulatory approvals.

Under the new framework, timelines to first production will be shortened through proactive engagement on approvals, stage-gate processes, and mutually agreed timelines between operators and the regulator. Mrs. Eyesan urged operators with matured projects to submit requests by the end of the first quarter of 2026, noting that this would create a clearer and more holistic framework with defined obligations for both parties.

The NUPRC also plans to roll out a digital workflow covering permitting, reporting, and data submissions, while working with industry players to identify capacity gaps and deploy targeted interventions in critical areas affecting regulatory efficiency. Internally, the Commission is implementing a transformation programme through a Project Management Office to harmonise processes and eliminate conflicting regulatory actions.

To deepen engagement with operators, Mrs. Eyesan announced the establishment of a monthly CCE–Operators Leadership Forum involving all operators, including the Nigerian National Petroleum Company Limited (NNPC), OPTS, IPPG, and emerging players. The forum will focus on approval timelines, production restoration, infrastructure integrity, and gas monetisation.

She said the Commission would also tighten hydrocarbon accounting and measurement by tracking every barrel produced and promptly addressing discrepancies or losses.

On host community relations, the NUPRC chief said the Commission would soon engage host community leaders to reaffirm commitments to Host Community Development Trusts under the Petroleum Industry Act.

Mrs. Eyesan further disclosed that one of her immediate priorities is achieving full compliance with the Petroleum Industry Act within 12 months, overseen by a dedicated team in her office. The Commission, she added, will issue quarterly progress reports and has already launched a 90-day programme to fast-track approvals for near-ready Field Development Plans, well interventions, rig mobilisation, and other quick-win opportunities.

She said NUPRC’s performance going forward would be measured by faster and more predictable approvals, higher and more sustainable production, disciplined acreage performance, world-class health, safety and environmental outcomes, and improved transparency, governance, and data integrity.

Previous Post

Budget Office Dismisses Claims of ₦246bn ‘Salaries Budget’ for NEDC

Next Post

NRS Debunks Claims of New VAT on Banking Fees

Tunde Abiola

Tunde Abiola

Next Post
NRS Debunks Claims of New VAT on Banking Fees

NRS Debunks Claims of New VAT on Banking Fees

  • Trending
  • Comments
  • Latest

NIN-SIM Linkage: A Kidnappers’ Bogeyman On The Roll?

April 5, 2024 - Updated on February 9, 2025

How Atiku’s Lawyer’s Travelled To Cambridge To Confirm Buhari’s Certificate – And The Disappointment That Followed

September 6, 2019 - Updated on February 9, 2025

Vanguard Apologizes To Professor Osinbajo Over Fake News, Retracts Story

September 25, 2019 - Updated on February 9, 2025

I Will Waive my Constitutional Immunity to Clear my Name – Osinbajo

September 25, 2019 - Updated on February 9, 2025
Nigeria

Lest We Forget: Security Issues in Nigeria from 1999 to Date!

0
ISHA SESAY: A GOOD BOOK ON CHIBOK, HAMPERED BY MISREPRESENTATIONS

ISHA SESAY: A GOOD BOOK ON CHIBOK, HAMPERED BY MISREPRESENTATIONS

0
Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

0
Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

0
FIRS To NRS – So far so seamless

FIRS To NRS – So far so seamless

January 20, 2026
NCC Unveils 2026–2030 Spectrum Roadmap, Moves to Open New Bands for Wi-Fi Expansion

NCC Unveils 2026–2030 Spectrum Roadmap, Moves to Open New Bands for Wi-Fi Expansion

January 20, 2026
NSA Ribadu Mourns Passing of Aunt

NSA Ribadu Mourns Passing of Aunt

January 20, 2026
NSA Ribadu Lead’s Nigeria—U.S. High-Level Security Talks in Washington

From Concern to Collaboration: How Nigeria Went from U.S. CPC to US Security Partner

January 19, 2026

Recent News

FIRS To NRS – So far so seamless

FIRS To NRS – So far so seamless

January 20, 2026
NCC Unveils 2026–2030 Spectrum Roadmap, Moves to Open New Bands for Wi-Fi Expansion

NCC Unveils 2026–2030 Spectrum Roadmap, Moves to Open New Bands for Wi-Fi Expansion

January 20, 2026
NSA Ribadu Mourns Passing of Aunt

NSA Ribadu Mourns Passing of Aunt

January 20, 2026
NSA Ribadu Lead’s Nigeria—U.S. High-Level Security Talks in Washington

From Concern to Collaboration: How Nigeria Went from U.S. CPC to US Security Partner

January 19, 2026
Daily Concord News

Bringing the most intriguing News from around the world you everyone in a positive way

Follow Us

Browse by Category

  • Africa
  • Basketball
  • Business
  • Culture
  • Economy
  • Education
  • Food
  • Football
  • Foreign Affairs
  • Gaming
  • Health
  • Health
  • Interviews
  • Lifestyle
  • local
  • News
  • Nigeria
  • Opinion
  • Politics
  • Science
  • Security
  • Sports
  • Tech
  • Uncategorized
  • World

Recent News

FIRS To NRS – So far so seamless

FIRS To NRS – So far so seamless

January 20, 2026
NCC Unveils 2026–2030 Spectrum Roadmap, Moves to Open New Bands for Wi-Fi Expansion

NCC Unveils 2026–2030 Spectrum Roadmap, Moves to Open New Bands for Wi-Fi Expansion

January 20, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Daily Concord News - All Rights Reserved.

No Result
View All Result

© 2025 Daily Concord News - All Rights Reserved.