The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the nation’s crude oil and condensates reserves dropped to 37.01 billion barrels as of January 1, 2026, down from 37.28 billion barrels in 2025.
In a statement on Wednesday, April 1, 2026, Oritsemeyiwa Eyesan, chief executive officer (CEO) of NUPRC, said total gas reserves rose to 215.19 trillion cubic feet (tcf), from 210.54 tcf.
“Total Oil and Condensate reserves of 37.01 billion Barrels and Total Gas reserves of 215.19 trillion Cubic Feet as the official National Petroleum Reserves Position as of 1st January 2026,” she said.
Eyesan said the commission, in keeping with its mandate, is dedicated to improving upstream sector performance, enhancing the growth of oil and gas reserves.
She added that the NUPRC is working to maintain stable production for shared prosperity by putting the Petroleum Industry Act (PIA) 2021 into action and executing the commission’s key strategic pillars.
In light of this, Eyesan outlined the country’s reserves of oil, condensate, associated gas, and non-associated gas as of January 1.
She said 2P crude oil reserves are estimated at 31.09 billion barrels, while condensate reserves stand at 5.92 billion barrels, bringing the combined total to 37.01 billion barrels.
“2P Associated Gas (AG) and Non-Associated Gas (NAG) reserves stand at 100.21 trillion Cubic Feet (TCF) and 114.98 TCF, respectively, resulting in total Gas reserves of 215.19 TCF,” Eyesan said.
“The Reserves Life Index is 59 years and 85 years for Oil and Gas, respectively.
“The reason for the slight change in 1.1.2026 oil and condensate reserves by 0.74% is attributable to production in 2025 and reserves update due to field performance and technical evaluation based on subsurface studies.
“The reason for the increase in 1.1.2026 AG and NAG reserves by 2.21 percent is largely because reserves update is based on discoveries and the result of robust reservoir studies.”
Therefore, she declared the total “Oil and Condensate reserves of 37.01 billion Barrels and Total Gas reserves of 215.19 trillion Cubic Feet as the official National Petroleum Reserves Position as of 1st January 2026”.