World Energies Summit: Panel Recap - Nigerian Government Showcase

Nigeria is moving decisively to unlock its upstream potential, with ambitious targets of 3 million bpd by 2030 and 12 Bcf/d of gas by 2032, policy, regulation, and investor incentives are increasingly aligned to deliver growth.

Our panel discussed exactly what’s driving this momentum:
The Petroleum Industry Act (PIA) is delivering long-awaited fiscal clarity and stronger governance.

FID on the HI Field marks a major milestone. Nigeria's second offshore FID after Bonga North Tranche 1

M&A activity is picking up, with faster deal closures and more than 250 indigenous companies actively reshaping the sector.

Nigeria is undoubtedly open for business with streamlined divestments, executive incentives, and a growing, capable independent ecosystem.

Nigerian Bid Round - Active, Live, Driving Investment 🇳🇬 🌍
A central force behind Nigeria’s current upstream resurgence is the live Nigerian Bid Round, running now under the stewardship of Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

This round is in full swing, attracting global attention with improved subsurface data, modernised fiscal terms under the Petroleum Industry Act, and an emphasis on transparency and execution.

At the Africa Energies Summit® | Africa’s Premier Global Upstream Conference | 11th - 14th May 2026, we are especially proud to spotlight this live process - presenting deep insights in collaboration with Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and our seismic partners to help investors decode opportunity and de-risk exploration and development decisions.

This is a moment where:
✔️ Governments are actively seeking partners
✔️ Operators are evaluating blocks with fresh, robust data
✔️ Investors are engaging in real-time bid strategies

👉 Want to stay ahead on Africa’s upstream market? 𝗝𝗼𝗶𝗻 𝘂𝘀 𝗶𝗻 𝟮𝟬𝟮𝟲 𝗳𝗼𝗿 𝘁𝗵𝗲 𝟵𝘁𝗵 𝗘𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 Africa Energies Summit® | Africa’s Premier Global Upstream Conference | 11th - 14th May 2026.