Nigeria is looking to attract between $30 billion and $50 billion in offshore oil and gas investments from 2026 to 2030, as the country seeks to expand production and strengthen its energy sector.
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, says about 22 major offshore projects are in the investment pipeline. The projects are expected to increase crude oil output, create employment and support the development of energy infrastructure.
However, the regulator says achieving the investment target will depend largely on maintaining peace in the Niger Delta and protecting critical oil infrastructure, especially pipelines.
Security companies, including Tantita Security Services Nigeria Limited, have been working alongside government security agencies to protect oil facilities and pipelines across the region.
The NUPRC says reforms introduced through the Petroleum Industry Act, greater transparency in licensing and quicker approval processes have helped improve investors’ confidence in Nigeria’s upstream sector.
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Since 2024, the commission says it has approved more than $57 billion worth of Field Development Plans, with some projects already moving towards Final Investment Decisions.
The regulator is also preparing for the 2026 Licensing Round, which it expects will attract additional investments into the sector.
The planned developments are part of efforts to raise Nigeria’s crude oil production to two million barrels per day by 2027 and three million barrels per day by 2030.
President Bola Tinubu had appointed Tantita Security Services Nigeria Limited, led by Government Ekpemupolo, popularly known as Tompolo, to support the protection of oil assets in the Niger Delta.
The government says the security arrangement is aimed at reducing threats to oil infrastructure and ensuring that Nigeria gets greater economic value from its petroleum resources.
With billions of dollars potentially at stake, analysts say the success of the offshore investment drive will depend not only on government policies but also on how effectively Nigeria can provide investors with a stable and secure operating environment.
