Key provisions of the Order include: • Performance-Based Tax Incentives: Operators who achieve industry-standard cost reductions will qualify for defined tax reliefs. • Terrain-Specific Benchmarks: The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will annually publish cost benchmarks for onshore, shallow water, and deep offshore operations. • Credit Caps for Fiscal Discipline: Tax credits under the Order are capped at 20% of an operator’s annual tax liability, ensuring government revenues remain protected. Building on the Administration’s 2024 reforms—improved fiscal terms, accelerated contracting cycles, and globally aligned local content policies—the 2025 Executive Order moves the sector from reform intent to performance execution.