NUPRC declares 37.01bn barrels of Oil, 215.19TCF Gas reserves for 2026
CHIGOZIE AMADI
In line with its statutory responsibilities, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) remains focused on strengthening the performance of the upstream sector, boosting the expansion of oil and gas reserves, and maintaining steady production levels for collective economic benefit.
This is being driven through the full implementation of the Petroleum Industry Act (PIA) 2021, alongside the execution of the Commission’s core strategic priorities.
In a statement signed by its Chief Executive, Oritsemeyiwa Eyesan, the commission said Nigeria’s total oil and condensate reserves stood at 37.01 billion barrels, while total gas reserves rose to 215.19 trillion cubic feet.
Against this backdrop, I am pleased to provide a summary of the country’s reserves of crude oil, condensate, associated gas, and non-associated gas as at January 1, 2026, as outlined below:
Proven and Probable (2P) crude oil and condensate reserves are estimated at 31.09 billion barrels and 5.92 billion barrels, respectively, bringing the combined total to 37.01 billion barrels.
Proven and Probable (2P) Associated Gas (AG) and Non-Associated Gas (NAG) reserves are put at 100.21 trillion cubic feet (TCF) and 114.98 TCF, respectively, culminating in total gas reserves of 215.19 TCF.
The Reserves Life Index stands at 59 years for oil and 85 years for gas.
The marginal 0.74 per cent variation in oil and condensate reserves as of January 1, 2026, is attributed to production activities recorded in 2025, as well as revisions arising from field performance assessments and technical evaluations informed by subsurface studies.
According to a press statement issued by Oritsemeyiwa Eyesan Commission Chief Executive, the 2.21 per cent increase in associated and non-associated gas reserves is largely due to updated reserve estimates driven by new discoveries and comprehensive reservoir analysis.
In accordance with the provisions of Chapter 1, Part III, Section 7 (g), (i), (j), (k), (m), (q), and (r), along with other enabling powers, I, Mrs. Oritsemeyiwa Eyesan, Commission Chief Executive, hereby formally declare a total oil and condensate reserve of 37.01 billion barrels and total gas reserves of 215.19 trillion cubic feet as the official National Petroleum Reserves Position as at January 1, 2026.
