The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared that Nigeria’s total oil and condensate reserves stand at 37.01 billion barrels, while total gas reserves have risen to 215.19 trillion cubic feet (TCF) as of January 1, 2026.
In a statement personally signed by the Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, the Commission announced the figures as Nigeria’s official national petroleum reserves position for 2026.
Eyesan stated that the Commission remains committed to strengthening upstream sector performance, growing oil and gas reserves, and ensuring stable production for national prosperity through the full implementation of the Petroleum Industry Act (PIA) 2021 and the Commission’s strategic pillars.
According to her, the updated reserves reflect Nigeria’s continued focus on sustaining hydrocarbon resources and improving operational efficiency in the upstream sector.
“The Commission, in keeping with its mandate, is committed to improving upstream sector performance, enhancing the growth of oil and gas reserves, and ensuring stable production for shared prosperity through the operationalisation of the Petroleum Industry Act, 2021, and implementation of the Commission’s strategic priorities,” she said.
ALSO READ:
- Confusion Over Ownership of Amukpe–Escravos Pipeline Raises Governance Concerns
- FG Inaugurates Gas-to-Power Monitoring Committee to Tackle Supply Bottlenecks
- FID on Erha oil project extends to 2042 – ExxonMobil
- Pipeline Security Drives Production Growth — NNPC
- Four states get N9bn Mini-Grid deployment
Providing a breakdown of the reserves, Eyesan noted that 2P crude oil reserves stand at 31.09 billion barrels, while condensate reserves are 5.92 billion barrels, bringing the total oil and condensate reserves to 37.01 billion barrels.She further disclosed that 2P Associated Gas (AG) reserves stand at 100.21 TCF, while Non-Associated Gas (NAG) reserves are 114.98 TCF, bringing total gas reserves to 215.19 TCF.
The Commission also revealed that Nigeria’s Reserves Life Index stands at 59 years for oil and 85 years for gas, indicating the estimated duration the reserves could last at current production levels.
Explaining the changes in reserves, Eyesan said the slight 0.74 percent decrease in oil and condensate reserves was due to production activities in 2025 and updated technical evaluations based on field performance and subsurface studies.
She added that the 2.21 percent increase in gas reserves resulted from new discoveries and improved reservoir studies across oil and gas fields.
The NUPRC reiterated its commitment to boosting exploration, attracting investment, and ensuring sustainable development of Nigeria’s hydrocarbon resources to support economic growth and energy security.
