Huhuonline.com can now authoritatively report that the Nigerian National Petroleum Corporation Limited (NNPC Ltd) is accelerating upstream oil and gas growth with new production sharing contracts alongside TotalEnergies, crude supply agreements with Dangote Refinery, and progress on the Nigeria-Morocco Gas Pipeline. The company aims to attract $60 billion in upstream investment by 2030, strengthening exploration, production, and long-term energy security.
At the heart of NNPC’s upstream push is the recently signed production sharing contract (PSC) for Petroleum Prospecting Licenses (PPLs) 2000 and 2001 with the TotalEnergies-Sapetro consortium. The agreement, the first PSC to comprehensively cover both crude oil and natural gas, signals Nigeria’s intent to unlock new reserves while driving investment under the Petroleum Industry Act. NNPC says the milestone supports its goal of securing long-term energy supply and attracting capital for exploration drilling and deepwater development.
To stabilize domestic refining and strengthen energy security, NNPC has committed more than 112 million barrels of crude oil to the Dangote Refinery from December 2023 to September 2025. The new two-year crude supply agreement under the crude-for-Naira initiative ensures consistent feedstock for Nigeria’s largest refinery while maintaining upstream production momentum.
Alongside upstream projects, NNPC is advancing the African Atlantic Gas Pipeline (AAGP), a cross-border infrastructure project connecting Nigeria’s vast gas reserves to West Africa, Morocco, and Europe. The initiative ties upstream gas production to export markets, reinforcing Nigeria’s dual role as both a producer and supplier to global markets.
In mid-September 2025, NNPC senior management conducted a charm offensive in London, meeting with top international oil services firms to attract them to Nigeria and negotiate lower operational costs. While specific details of the meetings remain confidential, the delegation’s efforts form part of NNPC’s broader strategy to secure $60 billion in investments by 2030, focusing on upstream drilling, exploration, and gas infrastructure development. NNPC has also strengthened regional partnerships, including an agreement with the Egyptian General Petroleum Corporation (EGPC), expanding Egyptian company participation in Nigerian energy projects.
NNPC continues to advance deepwater projects, seismic acquisition, and new production-sharing agreements, while pursuing refinery upgrades and gas infrastructure to balance domestic demand with export growth. African Energy Chamber Executive Chairman NJ Ayuk commented, “By advancing upstream development, expanding gas infrastructure, and strengthening domestic refining, NNPC is positioning Nigeria as a cornerstone of Africa’s energy future.” Through these initiatives, NNPC is signaling its intent to deepen global partnerships, reduce operational costs, and cement Nigeria’s role as a leading energy producer in Africa