Pictured above: Nigeria’s Akpo offshore manufacturing discipline. Picture: Sapetro
Nigeria’s NNPC Ltd. is accelerating upstream oil and fuel development with new manufacturing sharing contracts alongside TotalEnergies, crude provide agreements with Dangote Refinery, and progress on the Nigeria-Morocco Fuel Pipeline. The corporate goals to draw $60 billion in upstream funding by 2030, strengthening exploration, manufacturing, and long-term power safety.
Picture: TotalEnergies
Upstream development and exploration offers
On the coronary heart of NNPC’s upstream push is the just lately signed manufacturing sharing contract (PSC) for Petroleum Prospecting Licenses (PPLs) 2000 and 2001 with the TotalEnergies-Sapetro consortium. The settlement, the primary PSC to comprehensively cowl each crude oil and pure fuel, alerts Nigeria’s intent to unlock new reserves whereas driving funding underneath the Petroleum Trade Act. NNPC says the milestone helps its purpose of securing long-term power provide and attracting capital for exploration drilling and deepwater improvement.
Strategic provide and refining help
To stabilize home refining and strengthen power safety, NNPC has dedicated greater than 112 million barrels of crude oil to the Dangote Refinery from December 2023 to September 2025. The brand new two-year crude provide settlement underneath the crude-for-Naira initiative ensures constant feedstock for Nigeria’s largest refinery whereas sustaining upstream manufacturing momentum.
Fuel exports and regional power commerce
Alongside upstream tasks, NNPC is advancing the African Atlantic Fuel Pipeline (AAGP), a cross-border infrastructure improvement connecting Nigeria’s huge fuel reserves to West Africa, Morocco, and Europe. The initiative ties upstream fuel manufacturing to export markets, reinforcing Nigeria’s twin function as each a producer and provider to world markets.
Funding targets
NNPC has set an bold purpose of attracting $60 billion in oil and fuel funding by 2030, with upstream drilling and exploration on the core. The corporate continues to progress on deepwater tasks, seismic acquisition, and new production-sharing agreements, whereas pursuing refinery upgrades and fuel infrastructure to stability home demand with export development.
African Power Chamber Govt Chairman NJ Ayuk stated NNPC’s technique displays a transparent pivot towards upstream growth, transparency, and long-term power safety: “By advancing upstream improvement, increasing fuel infrastructure, and strengthening home refining, NNPC is positioning Nigeria as a cornerstone of Africa’s power future.”
