Amidst consistent underperformance since this year, the Federal Government has indicated that it was rebuilding the upstream sector to ramp up crude oil production by 100 percent to 3.0 million barrels per day, up from average 1.5 million since this year. The government also indicated its commitment to the realisation of 40 billion barrels oil reserves, despite missing the December 2020 date for the targeted reserve. Speaking at the International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos, Chief Executive, Nigeria Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, said the targets were hindered by some problems, including oil theft, insecurity and aging facilities. He stated: “As the upstream technical and commercial regulator, we are committed to addressing these issues to increase our reserves to 40 billion barrels and raise our production to three (3) million barrels per day. “As the upstream technical and commercial […]