PE Energy Limited, an energy services company, has submitted the Engineering Audit Report on Upstream Measurement Equipment and Facilities in the Nigerian Oil and Gas Sector to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The report was presented by the Chairman of PANA Holdings and Group Chief Executive Officer of PE Energy Limited, Dr Daere Akobo, to the Commission Chief Executive, Gbenga Komolafe.

According to Akobo, the audit was commissioned following the approval of the Federal Executive Council (FEC), under the leadership of President Bola Ahmed Tinubu, in line with the Renewed Hope Agenda to enhance economic governance, revenue assurance and sectoral transparency.

He noted that the initiative was supported by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, and the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo.

“Special recognition is extended to the Commission Chief Executive of NUPRC, Gbenga Komolafe, whose visionary leadership and commitment to reform enabled the successful execution of this national priority project. Under his stewardship, the Commission has demonstrated exceptional resolve in advancing Nigeria’s regulatory landscape in alignment with the Petroleum Industry Act (PIA) 2021 and the Nigerian Upstream Petroleum Measurement Regulations 2023. We also commend the tireless efforts of the NUPRC technical team and directorates, whose professionalism and collaboration throughout the audit process were instrumental in delivering this outcome,” he said.

The submission represented the completion of Nigeria’s first engineering audit of upstream oil and gas measurement systems, aimed at improving hydrocarbon accountability, strengthening revenue assurance, and reinforcing operational integrity across the sector.