The Nigerian Upstream Petroleum Regulatory Commission (the “Commission”) previously issued the Upstream Petroleum Fees and Rents (Temporary) Regulations, 2025 (the “2025 Regulations”). The 2025 Regulations were designed to operate for an initial period of six months, with a possibility of extension for a further six months, subject to the approval of the Minister.

Following the expiration of that initial period, the Commission has now issued the Upstream Petroleum Fees and Rents (Temporary) Extension Regulations, 2026 (the “2026 Regulations”).

The 2026 Regulations largely replicate the provisions of the 2025 Regulations, with no material substantive changes to the fee and rent structure previously introduced. Essentially, the new instrument functions as a continuity mechanism, ensuring the uninterrupted application of the temporary regime pending the development or consolidation of a more permanent framework.