Nigeria has taken a significant step toward boosting its oil production capacity with the Project 1 Million Barrels of Oil Per Day (1MMBOPD) Additional Production Investment Forum, organized by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in London. The high-level event convened leading figures from the energy sector, including policymakers, investors, financiers, and industry executives, to advance strategies for revitalizing upstream production and attracting critical investments.
Speaking at the forum, a representative of Nembe Exploration & Production Company Limited (NEPCL), Operator of the “Jewel of the Niger Delta,” OML 29, shared insights on behalf of the NNPCL/Nembe Joint Venture (JV). The presentation underscored the importance of sustained investment, production efficiency, and infrastructure optimization in meeting the Federal Government’s ambitious production target of one million barrels per day in additional output.
The forum, held under the visionary leadership of the NUPRC’s Commission Chief Executive, reaffirmed the government’s determination to mobilize capital, capacity, and partnerships across the upstream value chain. It also provided a platform for strategic dialogue among key stakeholders committed to driving Nigeria’s energy security, competitiveness, and long-term sustainability.
In his remarks, the NEPCL representative highlighted Nembe’s pivotal role in advancing national production growth, emphasizing the company’s proven performance record, steady output trajectory, and vast hydrocarbon reserves with substantial untapped potential. He further pointed to the company’s upgraded, safe, and reliable infrastructure network, alongside its shareholders’ enduring focus on long-term value creation and responsible operations.
“The 1MMBOPD initiative is more than a production target,” he stated. “It is a call to renewed industry collaboration, bold investment, and shared commitment to Nigeria’s energy future.”
Commending the NUPRC’s leadership in aligning industry players toward this shared goal, he noted that the Commission’s proactive approach demonstrates Nigeria’s readiness to unlock new production opportunities through innovative regulatory frameworks, strategic partnerships, and technological advancement.
He reaffirmed Nembe E&P’s commitment to sustainable energy growth, pledging continued investment in innovation, operational excellence, and collaboration with both local and international partners to accelerate Nigeria’s next chapter of upstream development.
“With a clear national vision and unified industry action, Nigeria can achieve its production aspirations and strengthen its position as a key player in the global energy landscape,” he concluded.
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