The creation of the Ministry of Petroleum Resources was necessitated by the need to develop and implement sound policies that will serve as a back bone for the rapid development of the then burgeoning oil and gas sector. The Ministry is saddled with the responsibility for the articulation, implementation and regulation of policies in the Oil and gas Sector. It also exercises supervisory role over the operators and stakeholders, to ensure compliance with all applicable laws and regulations in the Oil and Gas.
"The mandate of the Ministry of Petroleum Resources is to transform the oil and gas industry for the increased benefit of Nigeria and its people through effective implementation of policies on hydrocarbon exploration, exploitation, production, distribution and utilization in accordance with international standards"
"Determined to make far reaching changes and ensure the fundamental transformation of Nigerian oil and gas industry on exploration, exploitation, production and distribution of products to bring it in line with the 21st Century global industrial practices"
"Committed to maximizing the net economic benefit from oil and gas resources and enhance the social and economic development of the people while meeting the nations needs for fuel at competitive cost, accomplishing all in an environmentally acceptable manner"