By Joycelyn Ellakeche Adah
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially received the end-of-project report of the Engineering Audit of Upstream Measurement Equipment and Facilities.
The report, conducted by PE Energy and approved by the Federal Executive Council in 2024, marks a pivotal step in safeguarding national resources and enforcing transparency across the upstream oil and gas value chain.
The audit, executed in line with the Petroleum Industry Act (PIA) 2021, provides a detailed assessment of Nigeria’s hydrocarbon measurement landscape—laying the groundwork for improved accuracy in reporting, enhanced accountability, and optimal revenue generation from petroleum resources.
Key highlights of the audit include an extensive gap analysis, physical inspections of upstream metering systems, documentation of current versus ideal measurement points as stipulated by the PIA, and development of intervention strategies such as equipment upgrades and new installations.
The project also featured a robust competency transfer program aimed at strengthening the NUPRC’s internal capacity and reshaping regulatory oversight within the industry.
Speaking during the presentation of the report in Abuja, PE Energy Chairman, Mr. Daere Akobo, described the audit as a critical component of Nigeria’s oil sector reform agenda.
He emphasized that the initiative represents a turning point in how hydrocarbon production is tracked and reported—ushering in a new era of operational integrity under the framework of the PIA.
In response, NUPRC Chief Executive, Engr. Gbenga Komolafe, commended the successful completion of the audit, affirming the Commission’s resolve to fully implement its recommendations.
“This report will fundamentally redefine how we manage and monetise our most vital natural resource. The Commission is committed to upholding the principles of accuracy, transparency, and accountability as enshrined in the Petroleum Industry Act,” Komolafe stated.
The Engineering Audit is expected to catalyse significant reforms in hydrocarbon measurement and further solidify public confidence in Nigeria’s upstream regulatory regime.
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