NUPRC Approves 595 Well Re-entries, 145 New Drilling Operations, Rig Count Hits 100.
The approvals, aimed at boosting oil production, attracting investment and strengthening Nigeria’s energy security, were disclosed by the Commission Chief Executive, Mrs Oritsemeyiwa Eyesan, during a presentation at the management session of the 44th Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos.
The conference was held under the theme: “Energy Security in an Era of Global Disruption: Positioning Nigeria for Resilience, Competitiveness, and Prosperity.” Eyesan, who was represented by the Deputy Director, Basinal Administration, NUPRC, Ahmad Abdullahi, explained that the approvals were part of the Commission’s strategy to ensure that regulatory processes support production growth and the availability of energy in the country.
“Year to date, about 39 FDPs have been approved.
About 145 new well-drilling approvals granted. Year to date, about 595 well re-entry approvals were granted. That goes to tell that as a commission, we have improved our approval time level, which again reduces costs that is being wasted or for projects to continue to wait for approval. “From the regulator’s perspective, to ensure that our energy security is not threatened, we must ensure that we approve Field Development Plans and new well-drilling applications to meet our production targets and guarantee energy availability,” Eyesan stated.
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