Introduction

In exercise of the power of the Nigerian Upstream Petroleum Regulatory Commission (the “Commission”) to review and approve commercial aspects of field development plans (“FDP”) in upstream petroleum operations, the Commission recently issued the Nigerian Upstream Petroleum (Commercial) Regulations, 2025 (the “Regulations”).

The Regulation aims at regulating commercial activities in upstream petroleum operations that relate particularly to the approval of the commercial aspect of FDP, Annual Work Programme (“AWP”) and Status Report on the implementation of the AWP. This newsletter highlights the key provisions of the Regulations.