Oritsemeyiwa Eyesan has officially assumed her role as the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), vowing to revitalize the nation’s oil and gas sector. Her primary objectives include enhancing investment, increasing crude oil and gas production, and ensuring regulatory frameworks foster industry growth, aligning with the provisions of the Petroleum Industry Act (PIA) 2021.
During her inaugural town hall meeting with NUPRC management and staff, Eyesan emphasized that the commission must function as a business enabler, facilitating progress rather than imposing hindrances. She articulated a vision where regulatory interactions with all stakeholders actively support and propel the industry forward.
Eyesan’s strategic agenda is centered on reigniting upstream sector investment and significantly boosting Nigeria’s crude oil output. Concurrently, she aims to elevate gas production, supporting the government’s strategy to monetize gas as a transition fuel and bolster national energy security.
A key focus for the new leadership will be the integration of digitization, transparency, and operational efficiency within the commission. These measures are considered crucial for rebuilding investor confidence and achieving more effective regulatory outcomes.
Assuring staff of an open-door policy and consistent dialogue, Eyesan called for collective effort and commitment. She expressed optimism, stating that impediments are merely opportunities waiting to be unlocked through collaborative action.
Furthermore, Eyesan pledged to prioritize capacity development and enhance technical expertise within the NUPRC. Sustained engagement with industry stakeholders, labor unions, and professional bodies will also be a cornerstone of her tenure.
The NUPRC, established by the PIA 2021, plays a pivotal role in overseeing upstream petroleum operations, a critical function for addressing production challenges and attracting much-needed investment.
Nigeria’s crude oil production saw a modest increase in November, reaching 1.436 million barrels per day, up from 1.401 million barrels per day in October, according to OPEC data.
Oritsemeyiwa Eyesan brings extensive experience to the role, boasting over three decades in banking, public service, and the oil and gas industry. She previously served the Nigerian National Petroleum Corporation (NNPC Ltd) for nearly 33 years, retiring as Executive Vice President, Upstream in 2024.
