Nigerian National Petroleum Company Limited (NNPCL), on Thursday reported that it made statutory transfers of N4.22 trillion in the first three months of the year (January to March), 2025.
The company in a document titled: ‘NNPC Limited Monthly Report Summary — April 2025,’ posted on its website also declared it raked in N5.89 trillion in revenue and a profit after tax (PAT) of N748 billion for April 2025.
In terms of production volumes, NNPC reported that crude oil and condensate production averaged 1.61 million barrels per day in April, while production figures for January, February and March were 1.67mbpd, 1.62mbpd, and 1.56mbpd respectively.
The report stated that natural gas production for April was 7.47 million standard cubic feet daily while figures for the first three months of the year were January (7,120mmscf/d), February (6,615mmscf/d), and March (6,928mmscf/d).
The company however, pointed out that “All financial figures are provisional and unaudited”.
It also clarified that the figures reflect only its operations and exclude data from independent operators reported by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
NNPC said petrol availability at NNPC Retail Limited stations stood at 54 percent during the month, adding that upstream pipeline availability was 97 percent.
The also gave an update on major gas infrastructure updates, disclosing that the Ajaokuta-Kaduna-Kano pipeline project was at 70 percent completion stage while the Obiafu-Obrikom-Oben (OB3) gas pipeline project was 95 percent complete.
NNPC also said the Port Harcourt, Warri, and Kaduna refineries were under review during April, adding that it collaborated with venture partners in April to enhance sustainable production, and completed the implementation of presidential directives and executive orders relevant to upstream operations.
The report also highlighted “technical interventions on AKK and OB3 to resolve challenges of River Niger crossings”, disclosing that completed in several oil mining leases, including OML 18, OML 58, OML 118, and OML 133.
The company outlined several key final investment decisions (FIDs) scheduled for the fourth quarter of 2025, including the “Ntokon Development Project (OML 102), the Crude Oil Production Expansion Project (OML 29), gas development projects in OML 30 and OML 42, and the financial close of the Brass Fertilizer project”.
