N igeria’s hydrocarbon sector holds Africa’s largest proven natural gas reserves estimated at 211.1 trillion cubic feet and over 37 billion barrels of crude oil. Figures which proof, the nation retains an enviable resource base. Recent data from the Nigerian Upstream Petroleum Regula tory Commission confirms that crude and condensate output climbed to 1.73 million barrels per day, meeting over 100% of the benchmark put in place by the Organization of Petroleum Exporting Countries (OPEC). Despite these figures which signal a strong operational re covery, discussions at the 2026 Nigeria Annual International Conference and Exhibition (NAICE) highlight that the volume energy resources produced is no longer sufficient. Under the conference banner of collabo rative growth and resilience, stakeholders at Lagos’s Eko Convention Centre focused their exchange on structural challenges including onshore asset security, deep-water in vestment incentives, and do mestic gas commercialization. The shifting dynamics of ownership add urgency to these discussions. As International Oil Companies divest from onshore terrain to concentrate on capital-intensive offshore projects, domestic operators are stepping up investment and strategies. Ensuring these local ...
This article is for subscribers only
Already subscribed? Identify yourself >
Unlimited access to Cameroon Business Today Digital from 13,250 FCFA
I subscribe1 minute is enough to subscribe to Cameroon Business Today Digital!
- Your special Cameroon Business Today issue in digital version
- Inserts
- Exclusive calls for tenders
- Preview (access 24 hours before publication)
- Editions available on all media (smartphone, tablets, PC)
Commentaires