Eyesan: The Return Of The Natives

‎There are times when the choice of a leader matters as much as the institution itself. This is particularly true in Nigeria’s oil and gas industry, where decisions taken by regulators can affect production, investment, government revenue and the wider economy.

Oritsemeyiwa Eyesan’s leadership of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is beginning to show what years of experience within the industry can bring to a critical national institution.
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‎Her emergence as the Chief Executive Officer of NUPRC can aptly be described as the return of the natives. This is because Eyesan has spent more than three decades working within Nigeria’s petroleum industry.

She understands the system, its history, its challenges and, importantly, the expectations of operators and investors. She is therefore not learning the industry from the outside; she has been part of its growth and transformation for years.
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‎Eyesan studied Economics at the University of Benin and joined the Nigerian National Petroleum Corporation (NNPC) in 1992. From her early days as a material traffic officer, she moved through planning, commercial and executive responsibilities before becoming Executive Vice President, Upstream, at NNPC Limited. Her rise through the system is a reflection of experience gained over many years.
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‎That experience is now being brought to bear at the NUPRC, which has a major responsibility for regulating upstream petroleum operations in Nigeria. The commission oversees licensing, field development, technical compliance and other activities that determine how the country’s oil and gas resources are developed.
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‎One of the clearest indications of her approach is the transparent conduct of the 2025 oil and gas licensing round, where 31 companies have emerged successful for 37 oil and gas blocks, following the submission of 200 bids by 143 companies.
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‎The spread of interest in the blocks was equally significant. Bids were received for assets in established petroleum-producing areas as well as frontier basins such as the Benue Trough, Chad Basin, Anambra Basin and Benin Basin. It showed that there is still considerable interest in Nigeria’s petroleum resources when investors have confidence in the rules and the process for allocating assets.
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‎Eyesan’s insistence on financial discipline is another important aspect of the licensing exercise. Winning a block, under the new approach, should not be the end of the process. Successful companies are expected to meet their financial obligations and demonstrate the capacity to develop the assets. The application of the “drill or drop” principle also discourages the practice of sitting on acreage without meaningful activity.
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‎Again, her experience in commercial negotiations has also prepared her for the responsibilities of the NUPRC. Before her present position, Eyesan was involved in major industry transactions, including Nigeria’s first natural gas liquids commercialisation and the renewal of deepwater production-sharing contracts. These were complex arrangements with significant implications for investment and production in the country.
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‎What appears to be driving her current agenda is straightforward: increase production, reduce losses and make the regulatory process work faster. Eyesan has identified shut-in production, declining output and delays in bringing projects on stream as areas that require urgent attention.

Rather than waiting only for new discoveries, her strategy includes bringing economically viable existing assets back into production.
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‎She is also placing considerable emphasis on making regulation more predictable. The planned publication of service level agreements for major approvals, digital workflows for permits and reporting, and clearer timelines for regulatory decisions are aimed at reducing unnecessary delays. In an industry where delays can cost companies millions of dollars, faster and more predictable regulation can make a significant difference.
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‎Her engagement with industry operators is another part of the strategy. Through the CCE–Operators Leadership Forum, the commission is creating a regular channel for discussing production restoration, approval timelines, infrastructure integrity, gas development and other pressing issues. Eyesan has also stressed the importance of proper hydrocarbon accounting, with a clear message that every barrel produced should be properly accounted for.
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‎The 90-day programme introduced by the NUPRC under her watch is particularly important because it focuses on opportunities that can deliver results without unnecessary delay.

Under the programme, Field development plans that are near completion, well interventions, rig mobilisation and other quick-win projects are being given attention. For a country working towards higher production levels, getting such projects moving can provide immediate gains.
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‎Most importantly, Eyesan’s agenda is not limited to crude oil. She has always spoken about safety, host community benefits, governance, data integrity and responsible operations. Her approach suggests that increasing production must go hand in hand with improving the systems through which the industry operates.
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‎There is also something significant about the emergence of Eyesan, another Nigerian woman at the centre of such an important national assignment. For decades, Nigerian women have shown that they can lead complex institutions and deliver results at home and internationally.

Eyesan belongs to that tradition. Her performance inevitably brings to mind women such as Ngozi Okonjo-Iweala, whose career has demonstrated the capacity of Nigerian women to compete and excel at the highest levels.
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‎Of course, Eyesan has inherited an industry facing serious problems. Production has been constrained by insecurity, pipeline vandalism, ageing infrastructure, underinvestment and other longstanding challenges.

But having someone with extensive institutional knowledge, commercial experience and a clear understanding of the upstream business gives the NUPRC a stronger hand in tackling these problems. Her presence has already been felt.
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‎Her performance so far suggests that the return of the natives may indeed be good news for Nigeria’s oil and gas industry.

Abakpa wrote this piece from Owukpa, Benue State.