Nigerian National Petroleum Company (NNPC) Limited has reported a profit after tax (PAT) of N748 billion for April 2025.
Gatekeepers News reports that according to its new report titled ‘NNPC Limited Monthly Report Summary – April 2025, NNPC recorded a total revenue of N5.89 trillion for the month.
The company noted that it made statutory payments of N4.22 trillion between January and March 2025, adding that all financial figures are provisional and unaudited.
NNPC noted that Crude oil and condensate production averaged 1.60 million barrels per day (bpd) in April, while natural gas production was 7.47 million standard cubic feet daily.
It 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 reliability was 97 percent.
The company noted that Obiafu-Obrikom-Oben (OB3) gas pipeline project was 95 percent complete in the month, while the Ajaokuta-Kaduna-Kano (AKK) pipeline was 70 percent complete.
NNPC said 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.
It reported technical interventions to address challenges around the River Niger crossings affecting both projects.
The oil firm revealed that Turnaround maintenance was completed in several oil mining leases, including OML 18, OML 58, OML 118, and OML 133.
NNPC added that Port Harcourt, Warri, and Kaduna refineries were under review in the month.
The company announced plans for several key final investment decisions (FIDs) scheduled for the fourth quarter of 2025.
The projects include 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.
