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Exploration

NUPRC's Project 1MMBOPD Additional Production Investment Forum. (Image source: NUPRC)

On the occassion of its Project 1MMBOPD Additional Production Investment Forum held in London, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2025 Licensing Round effective 1 December 2025

Noting that the licensing round has been designed in line with the Petroleum Industry Act, the NUPRC chief executive, Gbenga Komolafe, said, "One of the factors that affected business is that activities were happening in silos but the NUPRC now realises the need to bring everyone together,” before adding, “We want you all to network. Bank of America is here as well as representatives of other banks.” 

He highlighted funding as the biggest challenge in Nigeria's upstream sector right now, and NUPRC's urgency in overcoming the issue, while speaking at the forum before the CEOs of oil companies, bank representatives and potential investors, among others.

As the session saw a lot of brainstorming in making the additional one million barrels a reality, Komolafe acknowledged the significance of the reforms initiated by the President Bola Ahmed Tinubu-led administration in boosting Nigeria’s economic metrics. He cited his statements with Nigeria's progress in crude production, which now averages 1.71 mn bopd, with a peak daily output of 1.83 mn bopd.

Komolafe further noted that 46 field development plans (FDPs) had been approved from January 2025 till date, and the country's rig count has crossed 60, out of which at least 40 are active. The chief executive highlighted how these metrics spoke for themselves when it comes to prospects for investments, and said, “The drive to reach and sustain one million barrels per day in incremental capacity and beyond will require Floating Production Storage and Offloading (FPSO) units for cluster developments, Floating Storage and Offloading (FSO) vessels for crude evacuation and storage, and a variety of Modular Offshore Production Units and Early Production Facilities to enable early production and accelerated monetisation. All these need investments and the prospects are here in Nigeria.” 

Other delegates in the forum, including Alhassan Ado Doguwa, Chairman, House Committee on Petroleum Resources (Upstream), and Senator Eteng Williams, assured investors of Nigeria's business friendly laws as they spoke before key oil and gas players. These comprised the Seplat CEO, Roger Brown, managing director, TotalEnergies Nigeria, Mattieu Bouyer, managing director of ExxonMobil Nigeria, Jagir Baxi, and chairman, AA Holdings, Austin Avuru, to name a few. 

The well has been drilling safely and efficiently.

With prospects from the Kavango West 1X exploration well offshore Namibia scaling high, Reconnaissance Energy Africa Ltd has drilled it to a depth of 4,158 m, surpassing the originally planned total depth of 3,800 m 

Acknowledging the team’s progress, Brian Reinsborough, president and CEO of the company, said, “The well has been drilling safely and efficiently. The company is encouraged with the drilling results to date, which show the presence of hydrocarbons through numerous oil and gas shows, as well as strong and consistent natural gas markers on mud logs throughout the Otavi reservoir package.”

While securing approval for the additional drilling went smooth, there was a delay due to a drive shaft failure, which required extensive repairing work. Following more drilling, the company will be arranging wireline logging and fluid sampling on the Otavi formation for fool proof verification on the multiple hydrocarbon shows.

“We plan to conduct an extensive wireline test programme to verify the hydrocarbon shows, including fluid sampling and pressure measurements upon reaching TD. Due to the scale of what we are testing at the Kavango West prospect and the broader Damara Fold Belt play, we plan to disclose the results when the well has been thoroughly evaluated. We remain on track to provide results prior to year-end,” Reinsborough said.

The Minister of Energy and Mineral Development, Ruth Nankabirwa Ssentamu.

As Uganda prepares for oil production early next year, the country has in place an integrated system that goes beyond the oil and gas value chain to also include the citizens of the country at large

The Ugandan administration has made oil and gas the centre of its operations, fostering partnerships on advancing public awareness regarding the sector. It is initiating ways to break down complex and ultra-technical concepts of the hydrocarbons industry for the better understanding of the general public. This also includes simplifying conversations around 'local content' or 'first oil' so that everyone can identify with the industry and be active drivers of it. 

As mega projects such as Tilenga and Kingfisher keep rolling, banks are especially focusing on the oil and gas industry, empowering local firms to pursue large contracts. They are initiating capacity-building partnerships, working capital solutions, asset finance and trade guarantees. 

Uganda's Ministry of Energy and Mineral Development has been the instrumental force behind such advancements. The Minister of Energy and Mineral Development, Ruth Nankabirwa Ssentamu, spoke to Oil Review Africa on Uganda's ambitions of becoming a significant energy producer in Africa's energy landscape:

How does Uganda plan to leverage the global oil market, given its current volatility? 

Uganda is mainly focusing on long-term contracts, regional market integration, and value addition through refining and petrochemicals. We are building resilience by maintaining fiscal discipline, encouraging local processing, and adopting clean, low-cost production to stay competitive even in volatile markets.

What are the primary driving factors behind Uganda's integrated oil and gas approach, and how is the country's administration managing such a vast concept? 

Integration maximises value across the petroleum value chain -- exploration, production, refining and export, while promoting industrialisation and job creation. Clear institutional roles of the Ministry of Energy and Mineral Development, Petroleum Authority of Uganda and Uganda National Oil Company, and coordinated project oversight will ensure efficiency, transparency, and timely delivery.

As Uganda rapidly adapts to a diverse energy mix, how is oil and gas faring in the equation?

Oil and gas remain central to Uganda’s energy security and industrial growth while supporting the transition to renewables. Gas is being developed for power generation, fertilisers and clean cooking, and revenues from petroleum will fund renewable expansion and grid investment.

Is a significant overhaul of existing policies anticipated with the launch of the revised National Oil and Gas Policy? 

There is no major overhaul, rather an update to reflect new realities. The revised policy strengthens gas utilisation, decarbonisation, local content and transparency, ensuring alignment with Uganda’s energy transition (preferably addition) plan and sustainable development goals.

What is Uganda willing to bring to the table in ADIPEC 2025, and what will be the country's take-aways from the event?

Uganda brings investment-ready projects in the upstream, East African Crude Oil Pipeline and refinery, and a stable policy environment. We seek partnerships, technology transfer, specifically Artificial Intelligence systems, financing and market linkages to accelerate development and advance our energy transition (addition) agenda. 

 

This well marks the first discovery for OMV in Block 106/4.

The National Oil Corporation (NOC) of Libya has announced a new oil discovery by OMV Austria Ltd – Libya Branch in the Sirte Basin, specifically at well B1 in Block 106/4

Production tests show that this exploratory well, reaching a depth of 10,476 feet, is producing over 4,200 barrels of oil per day, with gas production expected to exceed 2.6 million cubic feet daily.

This well marks the first discovery for OMV in Block 106/4, under the Exploration and Production Sharing Agreement (EPSA) signed in 2008 between the NOC, as the owner, and OMV, as the operator.

Libya has reopened to investors for exploration and development prospects, and recently the region also saw high-quality seismic data acquisition. A survey has been initiated onshore Concession 57 by Libya's Arabian Gulf Oil Company, who collaborated with Polaris and Tay Oil Services to deploy Stryde's onshore nodal seismic solutions. 

Preliminary results are encouraging.

BW Energy has reached total depth on the Kharas-1 appraisal well and drilled multiple formations present across the Kudu license

Strategically designed to intersect several targets within a single borehole, the well revealed valuable geological data across the broader petroleum system. The approach, however, did not allow for individual optimisation of each formation. 

Preliminary results are encouraging as several intervals show indications of hydrocarbon presence and reservoir potential, suggesting a working petroleum system at Kharas. Early analysis indicates that the K1 interval may contain hydrocarbons wetter than dry gas. A hydrocarbon migration front has been observed, and wireline operations are underway to assess reservoir quality, fluid type, and pressure characteristics.

A follow-up appraisal campaign will be required to evaluate the individual targets in greater detail. The outcome of the wireline programme will guide decisions on the next well location and the future appraisal strategy.

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