The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that 22 major offshore projects are expected between 2026 and 2030, with an estimated investment potential of between $30 billion and $50 billion. Twenty-two (22) major offshore projects are expected between 2026 and 2030 with an estimated investment potential of $30–$50 billion. Advertisement“Beyond increasing production, these investments will create jobs, expand infrastructure, strengthen energy security and reinforce Nigeria’s position as a leading global upstream investment destination.” AdvertisementAccording to the NUPRC boss, since 2022, successive licensing rounds have opened access to some of Nigeria’s most prospective oil and gas acreages. AdvertisementEyesan said the 2026 Licensing Round, which is set to commence soon, is showing greater promise thanks to the transparency that has characterised licensing rounds.