The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the country’s crude oil reserves are projected to last for another 64 years, while natural gas reserves could sustain Nigeria for 93 years at current production levels.
This was disclosed in a statement released on Friday, April 11, 2025, by NUPRC Chief Executive, Gbenga Komolafe, who presented the latest reserves data as of January 1, 2025.
According to Komolafe, Nigeria’s 2P (Proven and Probable) crude oil and condensate reserves now stand at 37.28 billion barrels, comprising 31.44 billion barrels of crude oil and 5.84 billion barrels of condensates.
Additionally, Nigeria’s associated and non-associated natural gas reserves have reached a total of 210.54 trillion cubic feet (TCF).
“The Reserves Life Index is 64 years for oil and 93 years for gas,” Komolafe stated, affirming the commission’s commitment to increasing reserves and boosting production in line with the Petroleum Industry Act (PIA) 2021.
NUPRC emphasized that the ongoing efforts to optimize exploration and enhance energy security are central to the nation’s strategy for long-term sustainability in the energy sector.
More Stories
I’ll Ban Resident Doctors, Consultants from Striking if I Become PM —Kemi Badenoch
Assistant Corps Marshal ‘Leye Adegboyega Appointed New FRSC Zonal Commanding Officer for Bauchi
Trump Blasts CNN Over Iran Ceasefire Report, Links Story to ‘Fake News from Nigeria’