Nigeria, Nov. 11 -- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said on Monday it approved 43 Field Development Plans (FDPs) that can unlock 1.7 billion barrels of crude oil and 7.7 trillion cubic feet of gas in 2025.

Eniola Akinkuotu, the regulator's head of media and strategic communications, in a statement, said its Chief Executive, Gbenga Komolafe, disclosed this while speaking at the 43rd Annual International Conference and Exhibition (AICE) of the Nigerian Association of Petroleum Explorationists (NAPE) held in Lagos on Monday.

He explained that the development reflects significant progress in Nigeria's upstream sector, with over $20 billion in committed capital.

An FDP, a critical document in oil & gas developm...