Nigeria's Offshore Oil Sector Targets Major Investment as 22 Projects Move Toward Production
Nigeria's Offshore Oil Sector Targets Major Investment as 22 Projects Move Toward Production By City Pulse News August 22, 2026 Category: Business / Energy Nigeria's oil industry could attract billions of dollars in new offshore investment as dozens of deepwater projects move toward production. Nigeria is positioning its offshore oil sector for a new wave of investment, with the country's upstream petroleum regulator expecting at least 22 offshore projects to begin production by 2030. The projects could attract as much as $50 billion in investment , according to the Nigerian Upstream Petroleum Regulatory Commission. The expected investment comes as Nigeria seeks to increase oil production, attract international capital and strengthen government revenue. For a country that remains heavily dependent on petroleum earnings, developments in the offshore sector could have significant consequences for public finances and the wider economy. Why offshore oil matters Nigeria has s...