The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, (NUPRC) Gbenga Komolafe, has highlighted how the country’s competitive reform agenda has delivered 28 Field Development Plans with $18.2bn worth of investment commitments.

A statement by the Commission said the commitments are also expected to unlock 1.4 billion barrels of oil and 5.4 TCF of gas, adding an expected 591,000 barrels of oil per day and 2.1 BSCFD of gas.

It will also boost the country’s aspiration to deliver over 3 million barrels per day of crude oil production.

The statement attributed to Komolafe at the Africa Oil Week, held in Accra, Ghana yesterday, attributed the feats to President Bola Tinubu’s renewed hope vision.

The Commission’s boss, whose presentation was titled ‘Nigeria’s Competitive Reform Agenda for Unlocking Potentials in Upstream Oil & Gas,’ reiterated the importance of energy security as the cornerstone of economic growth, national resilience, and shared prosperity in Africa.