Nigeria’s Oil Reserves Hit 37.28 Billion Barrels, Gas Reserves Reach 210.54 TCF — NUPRC Confirms
The announcement, made by Commission Chief Executive, Engr. Gbenga Komolafe, offers a strategic snapshot of Nigeria’s hydrocarbon assets and highlights the nation’s progress under the Petroleum Industry Act (PIA) 2021. Nigeria’s total proven and probable (2P) oil, condensate, and gas reserves have reached 37.28 billion barrels and 210.54 trillion cubic feet (TCF) respectively, as of January 1, 2025, according to fresh data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).