PENGASSAN, NUPRC unite to raise oil output to 3m bpd by 2030

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have pledged closer collaboration to raise Nigeria’s crude oil production to 3 million barrels per day (bpd) and gas output to 12 billion cubic feet (bcf) daily by 2030.

The commitment was made in Abuja on Wednesday by PENGASSAN’s new President, Mr. Bosun Olabiyi-Agoro, during a visit to the headquarters of the NUPRC.

At the meeting, both sides identified industrial stability and collaboration with workers as critical to achieving the Federal Government’s production ambitions.

Olabiyi-Agoro said the union was prepared to work with the commission to support the government’s target of 3 million bpd by 2030.

“The President of Nigeria has an ambition which he runs through the CCE which is to make sure that by 2030 we are able to produce 3 million barrels per day. All of us have to work to make that happen. It will be our happiness to make sure that that target is actually attained,” he said.

“We can assure you that we are here to collaborate. We will be very reasonable.”

The PENGASSAN leader, however, made it clear that cooperation would not compromise workers’ rights, warning that freedom of association and the right of workers to join unions remained non-negotiable.

He also identified contract staffing as one of the major issues his administration would seek to address in the oil and gas industry.

The NUPRC Chief Executive, Mrs Oritsemeyiwa Eyesan, said Nigeria’s production had already recovered from about 1.1 million bpd a few years ago to an estimated 1.755 million bpd in 2026, but stressed that industrial harmony would be essential to sustaining and accelerating the growth.

Eyesan said the Federal Government’s recent policy measures, including the executive order targeting deep offshore investments, were designed to attract investment and boost upstream production.

She urged the new PENGASSAN leadership to support the commission’s efforts to achieve the 2030 targets.

“As you settle into your new role, be assured that the commission will give you 150 per cent cooperation. In addition to the support we will give you, we want to ask that we work very closely to actualise government objectives,” she said.

“We want to grow production from our current level to 3 million barrels in 2030. For gas, we are still doing under 8bcf and we want to grow that to 12bcf by 2030. So, let’s make that happen.”

The post PENGASSAN, NUPRC unite to raise oil output to 3m bpd by 2030 appeared first on The Sun Nigeria.

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