Emmanuel Addeh in Abuja
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said yesterday that there were clear signs that Nigeria’s oil and gas industry had begun to rebound, with a significant rise in the number of active rigs in the sector, rising from eight in 2021 to 46 currently.
Besides, the upstream regulator stated that since the launch of its “Project 1 Million Barrels Per Day”, Nigeria had achieved an additional 300,000 barrels daily crude oil production. It said these were clear signals that things were looking up again in the sector.
