ADVERTISEMENT
ADVERTISEMENT

NNPC Ltd reports strong performance in April 2025 amid strategic efforts

News Express |12th Jun 2025 | 162
NNPC Ltd reports strong performance in April 2025 amid strategic efforts

Bayo Ojulari, GCEO, NNPCL




The Nigerian National Petroleum Company (NNPC) Limited has released its April 2025 Monthly Report, detailing key operational and financial results while highlighting ongoing strategic initiatives aimed at enhancing Nigeria’s oil and gas sector.

The report, shared on the energy firm’s X handle on Thursday, June 12, 2025, shows a crude oil and condensate production of 1.56 million barrels per day (mmbpd) in April, continuing a downward trend from 1.67 mmbpd in January. Natural gas production stood at 7,473 million standard cubic feet per day (mmscf/d), reflecting an increase from 7,120 mmscf/d recorded in February.

Financially, NNPC Limited generated ?5.89 trillion in revenue during the month, with a profit after tax of ?748 billion. Statutory payments for the first quarter amounted to ?4.225 trillion.

NNPC Limited also reported its efforts to strengthen infrastructure reliability, stating that “technical interventions on the AKK and OB3 projects have been completed to resolve challenges related to River Niger crossings.” OB3 is now 95% complete, while AKK has reached 70% completion.

Upstream pipeline availability remained high at 97%. The company noted that refineries in Port Harcourt, Warri, and Kaduna are currently under review, with further assessments ongoing. It also confirmed the completion of Turnaround Maintenance (TAM) in April for key oil mining leases, including OML 18, OML 58, OML 118, and OML 133.

NNPC Limited emphasised its commitment to upcoming investments, reaffirming that final investment decisions for several projects are scheduled for Q4 2025. These include the Ntokon Development (OML 102), Crude Oil Production Expansion Project (OML 29), Gas Development Projects (OML 30, 42), and Brass Fertiliser (Financial Close).

The company also highlighted social impact initiatives through the NNPC Foundation. 531 National Youth Service Corps (NYSC) members were provided solar power starter packs under the NNPC/NYSC Business Empowerment Initiative. Additionally, 83 ICT trainees and 170 creative industry talents received business starter kits to foster innovation. In healthcare efforts, 2,005 individuals benefited from cataract surgeries, while three hospital wards were rehabilitated at the National Orthopaedic Hospital, Igbobi.

Further initiatives included the commissioning of STEM books and science libraries in Abuja and Lagos schools and the training of 3,860 vulnerable farmers in modern, climate-smart agriculture across the South-East and South-South regions.

NNPC Limited noted that all crude oil and gas figures are provisional, unaudited, and reflective only of NNPC Limited’s data, excluding independent operators’ reports by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). (The Guardian)




Comments

Post Comment

Sunday, June 15, 2025 5:38 PM
ADVERTISEMENT
Over 70 years Shell banner
ADVERTISEMENT

Follow us on

GOCOP Accredited Member

GOCOP Accredited member
logo

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

Contact

Adetoun Close, Off College Road, Ogba, Ikeja, Lagos State.
+234(0)8098020976, 07013416146, 08066020976
info@newsexpressngr.com

Find us on

Facebook
Twitter

Copyright NewsExpress Nigeria 2025