The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that the nation’s total petroleum reserves stands at 37.01 billion barrels of crude oil and condensate, alongside 215.19 trillion cubic feet (TCF) of natural gas as of January 1, 2026.
Commission Chief Executive, Oritsemeyiwa Eyesan, made this known in a statement.
Eyesan said, “The Nigerian Upstream Petroleum Regulatory 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 via the operationalisation of the Petroleum Industry Act, 2021, and implementation of the strategic pillars of the commission.”
Crude oil reserves stand at 31.09 billion barrels, while condensate accounts for 5.92 billion barrels, totaling 37.01 billion barrels.
Associated gas (AG) reserves reached 100.21 TCF, while non-associated gas (NAG) reserves were 114.98 TCF, bringing the total gas reserves to 215.19 TCF.
The Reserves Life Index estimates that current oil reserves can last 59 years, while gas reserves have an 85-year lifespan at prevailing production levels.
Oil and condensate reserves fell marginally by 0.74% due to 2025 production and updated field performance data, while gas reserves increased by 2.21% through new discoveries and enhanced reservoir evaluations.
The data underscores the country’s sustained potential in hydrocarbons, particularly in leveraging gas as a transition fuel in a decarbonising global energy market.
Eyesan said the Commission is committed to improving upstream sector performance, enhancing reserves growth, and ensuring stable production to drive shared prosperity.
