Nigeria, Nov. 14 -- On Thursday, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced plans to reactivate all dormant oil fields.

It also announced a plan to fast-track regulatory approvals to enhance operational efficiencies across the upstream value chain.

The Commission Chief Executive, Gbenga Komolafe, disclosed this at the maiden conference of the Energy Correspondents Association of Nigeria (ECAN) held in Abuja on Thursday.

Mr Komolafe said the move is to increase production to 2.5 million barrels per day (bpd) by 2026.

The event, themed "Four Years of the Petroleum Industry Act (PIA): Achievements, Gaps and the Way Ahead," brought together industry leaders and stakeholders to assess progress and discuss futur...