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[BUSINESS] · Nigeria · 14 sources

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Part of situation: Nigeria advances oil, gas, and power infrastructure targets (36 clusters)

Nigeria targets up to $50 bn offshore oil investment by 2030

Nigeria offshore oil investment NUPRC 22 projects $50bn

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said 22 major offshore oil and gas projects are slated for development between 2026 and 2030, with an estimated investment potential of $30 billion to $50 billion. The regulator has approved more than $57 billion in Field Development Plans since 2024, several of which have already moved to Final Investment Decisions. It also highlighted that the 2025 licensing round awarded 31 companies successful bids for 37 blocks and that preparations for the 2026 licensing round are already under way. The commission expects the offshore pipeline to boost crude output, create thousands of jobs, expand infrastructure and strengthen Nigeria’s energy security.

Indigenous operator Heirs Energies reported that its crude oil production rose to about 55,000 barrels per day in 2024, up from 25,000 bpd when it took operational control in 2021, and that its gas output now exceeds 100 million standard cubic feet per day. The company said indigenous firms now operate more than 60 % of Nigeria’s crude production, compared with 20‑30 % before the COVID‑19 pandemic, attributing the gains to improved pipeline security and community engagement.

Entities

Enorense Amadasu · Heirs Energies · Malam Rabiu Umar · Nigeria · Nigerian Midstream and Downstream Petroleum Regulatory Authority · Nigerian Upstream Petroleum Regulatory Commission · Oritsemeyiwa Eyesan · Osayande Igiehon · Society of Petroleum Engineers Nigeria Annual International Conference and Exhib

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Improved Security Drives Heirs Energies Gas Output Production Rise - Oriental News Nigeria [orientalnewsng.com]
Indigenous engineering innovations cutting oil industry costs, says expert [bizwatchnigeria.ng]
Nigeria’s $4bn FDI Rebound Still Insufficient, BACITI Says - InsideBusiness - Business News in Nigeria [insidebusiness.ng]
Nigeria Lines up $30bn–$50bn Offshore push as 22 deepwater projects take Off 2026–2030 [championnews.com.ng]
NUPRC Targets Up to $50bn Investments from 22 Offshore Projects by 2030 - Ben Television | Breaking - Nigeria, Africa and World Top News. [bentelevision.com]
NUPRC Expects over $30bn Investments from 22 Offshore Projects – Energy Focus Report [www.energyfocusreport.com]
Nigeria Targets $50 Billion in Offshore Oil and Gas Investment by 2030 [www.ecofinagency.com]
Nigeria Fuel Prices Fall After Dangote Refinery Cuts [zalebs.com]
Nigeria Offshore Oil: $50bn Pipeline by 2030 [furtherafrica.com]
Pipeline Security Drives Nigeria’s Energy Growth as PINL Backs New Gas Investments – THISDAYLIVE [www.thisdaylive.com]
Nigeria eyes up to $50B in offshore oil and gas investment by 2030 | News. az [news.az]
FG Targets $50bn Investments From 22 Offshore Projects - Economi Confidential [economicconfidential.com]
Nigeria's deal rooms are full but small businesses still can't get credit - Businessday NG [businessday.ng]
FG eyes $50bn investments from 22 offshore projects [punchng.com]