Nigeria’s oil industry is on the verge of a potential production rebound, as a new wave of offshore projects, backed by billions of barrels of untapped deepwater reserves, promises to add over 800,000 barrels per day (bpd) to national output. For years, Nigeria's oil output has been plagued by a mix of underinvestment, operational challenges and security issues in its onshore fields, causing production to plummet to 1.5 million barrels per day (bpd) as at July 2025 from a peak of 2.5 million bpd in the past decade. The solution, according
Nigeria’s oil industry is on the verge of a potential production rebound, as a new wave of offshore projects, backed by billions of barrels of untapped deepwater reserves, promises to add over 800,000 barrels per day (bpd) to national output. For years, Nigeria's oil output has been plagued by a mix of underinvestment, operational challenges and security issues in its onshore fields, causing production to plummet to 1.5 million barrels per day (bpd) as at July 2025 from a peak of 2.5 million bpd in the past decade. The solution, according