Nigeria’s crude oil production has reached its highest level in five years, rising to 1.71 million barrels per day between April 2025 and April 2026, according to the Nigerian National Petroleum Company Limited.
The figure was disclosed in the company’s One Year Mandate Report Summary, shared on X by its Group Chief Executive Officer, Bayo Ojulari.
The report also indicated that the company’s upstream arm, NNPC Exploration and Production Limited, recorded an all-time peak production of 565,000 barrels per day in December 2025.
On gas development, the company said it completed the River Niger crossing of the Ajaokuta-Kaduna-Kano pipeline and welded the entire line in July 2025. It added that the Assa North-Ohaji South gas processing plant and the Obiafu-Obrikom-Oben pipeline connection have been commissioned.
Gas supply was sustained at 7.5 billion standard cubic feet per day in 2025, with new agreements signed with major industrial players, including Dangote Cement, Dangote Refinery, and CNG Ibese.
The report further noted that the company launched its Gas Master Plan in January 2026 and entered a tripartite memorandum of understanding with China Gas Holdings Ltd and Peiyang Chemical Singapore to unlock Nigeria’s gas potential.
NNPC said it consolidated a 7.25 per cent equity stake in the Dangote refinery to protect national interest and adopted an incorporated joint venture model for its refineries, allowing each facility to operate independently and self-finance.
The company also expanded its operations through shipping partnerships with Stena Bulk and Sonangol, exported a new crude grade known as Cawthorne, and grew its Oleum lubricant brand across West Africa.
Internally, the firm said it onboarded 1,000 new staff, introduced a performance management system, and launched a “Women in NNPC” initiative to promote inclusion.
It added that monthly performance reporting has been reinstated, with the company holding its first earnings call in November 2025 and resuming consistent remittances to the federation account since July 2025.
According to the report, NNPC also secured presidential approval for incentives to advance the final investment decision on the Bonga South-West Aparo project. It further executed a model production sharing contract for PPL 2000 and 2001—the first to include comprehensive terms for the development of deepwater non-associated gas resources.
The company noted that a resolution had been reached in the long-running OPL 245 dispute, leading to the conversion of the block into a new production-sharing contract covering PMLs 102 and 103, as well as PPLs 2011 and 2012.
