Nigeria, Oct. 6 -- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said on Sunday it endorsed 79 Field Development Plans (FDP) between 2024 and 2025, which can deliver investments with a combined value of $40 billion.

Eniola Akinkuotu, the regulator's head of media and strategic communications, disclosed in a statement highlighting the commission's key milestones in the last four years that 41 FDPs potentially worth $20.6 billion were recorded in 2024, while 38 others valued at $19.4 billion have been reported so far this year.

An FDP, a critical document in oil & gas development, provides a broad plan and guide on how to extract hydrocarbons from petroleum fields and manage the impact of such activities on the environment...