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PENGASSAN Pledges Support For NUPRC On 3mbpd Oil Output Target

Nse Anthony-Uko by Nse Anthony-Uko
2 months ago
in Business
Crude Oil 1
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The new leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) said on Wednesday that it will work closely with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to aid Nigeria reach 3 million barrels per day (bpd) by 2030.

The new president of PENGASSAN, Comrade Bosun Olabiyi-Agoro, said this in Abuja on Wednesday, August 26, 2026 when he visited the corporate headquarters of the NUPRC.

“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,” the PENGASSAN President said.

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

The PENGASSAN president further stated that inasmuch as the union is open to negotiations, issues bordering on the rights of workers to freely associate and join the union are non-negotiable. He added that issues surrounding contract staffing will be one of the key issues his administration will address.

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In her remarks, the chief executive, NUPRC, Oritsemeyiwa Eyesan, said the President Bola Tinubu-led Federal Government had been working assiduously to increase production as evidenced by the latest executive order which is targeted at deep offshore investments.

She noted that production had risen from a low of 1.1mmbopd a few years ago to an estimated 1.755mmbopd in 2026.

Eyesan, however, said industrial stability remains critical to hitting higher production targets.

She, therefore, sought PENGASSAN’s support.

“As you settle into your new role, be assured that the commission will give you 150% cooperation. In addition to the support we will give you, we want to ask that we work very closely to actualize government objectives.

“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,” she stated.

 

 

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Nse Anthony-Uko

Nse Anthony-Uko

Nse Anthony-Uko is a business and financial journalist with over two decades of experience covering Nigeria's financial system, economy, energy sector, corporate landscape, and global economic developments. Her expertise blends frontline journalism with editorial leadership and a strong grasp of financial market dynamics. She has earned multiple professional recognitions and was selected for the International Visitors Leadership Programme (IVLP) in the United States.

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