Upstream Regulatory Series: Nigeria’s 2025 Petroleum Commercial Regulations

The regime prioritises clearer economic justification, stricter documentation standards, and enhanced transparency in project evaluation with approvals only granted where projects are commercially viable, operationally feasible, environmentally sustainable, and compliant with health and safety requirements.

Authored by TEMPLARS Partner, Dayo Okusami, and Associate, Gracia Bonire, this publication outlines the tightened submission timelines, mandatory half-year reporting, controlled modification process, and significant penalties for non-compliance.