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🇳🇬 NigeriaBusiness

Nigeria approves 145 new oil wells since January

By , based on MyJoyOnline

Nigeria approves 145 new oil wells since JanuaryIllustrative image · Philip Samandar · Pexels · Licence Pexels

Nigeria’s upstream petroleum regulator NUPRC has approved 145 new wells, 595 well re-entries and 39 field development plans since the start of the year. Its chief executive Oritsemeyiwa Eyesan, cited by MyJoyOnline at an oil conference in Lagos, said 46 drilling rigs are active, up more than 300% from 2021.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved 145 new well-drilling operations, 595 well re-entries and 39 oil field development plans since January. NUPRC Chief Executive Oritsemeyiwa Eyesan announced the figures on Tuesday at an oil conference in Lagos, according to MyJoyOnline.

The NUPRC attributes these volumes to faster regulatory procedures, which have reportedly reduced project delays and costs for operators. Eyesan also said Nigeria had more than 100 drilling rigs, of which 46 were active in 2026, an increase of more than 300% from 2021.

Seismic companies have invested more than $100 million in Nigeria since the Petroleum Industry Act came into force three years ago, Eyesan added. These investments have improved exploration data and are expected to contribute to the search for new oil and gas reserves.

The NUPRC is also working to reduce crude oil theft in the country, according to MyJoyOnline.

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