The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the entry into force of new petroleum licensing regulations, effective from 1 January 2025. This measure marks an important step in Nigeria's commitment to reducing carbon emissions and achieving net zero emissions by 2060.
The new regulations require oil companies to demonstrate a low level of carbon emissions in order to obtain an operating licence. According to NUPRC Director Gbenga Komolafe, this measure applies to all approvals related to the upstream sector, whether for exploration, exploitation or divestment transactions. The aim is to align with national and international climate priorities while promoting a sustainable oil industry in Nigeria.
This regulatory initiative requires operators to implement innovative, environmentally-friendly solutions. The recommended measures include :
- Detecting and repairing pipeline leaks.
- Optimising operations using energy-efficient technologies.
- Integrating renewable energy sources into future projects.
This new rule underlines Nigeria's commitment to developing an environmentally friendly petroleum economy while responding to global climate challenges. It aims to reinforce the country's credibility as a key player in the fight against climate change while setting high standards for the industry.
This major turning point in the regulation of hydrocarbons could inspire other oil-producing countries to adopt similar approaches, combining economic development with environmental responsibility.
