Nigerian National Petroleum Company (NNPC) Limited has reported a profit after tax of N502 billion for November 2025.
Gatekeepers News reports that the company also reported an increase in crude oil production to 1.6 million barrels per day, including condensate. The figures were contained in the company’s Monthly Report Summary released on Wednesday.
According to the report, crude oil output rose from 1.58 million bpd recorded in October to 1.6 million bpd in November, representing a 1.27 percent increase.
The company, however, said natural gas production dropped slightly to 6.96 million standard cubic feet per day, compared with 6.99 million mscfd in the previous month.
NNPC said the N502 billion profit after tax recorded in November marked a 12.3 percent increase from the N447 billion posted in October.
It added that revenue for the month stood at N12.11 trillion, up sharply from N5.07 trillion in October, noting that the figures reflect total group earnings, including intercompany transactions.
The national oil company explained that the improvement in production was linked to the gradual completion of planned maintenance activities on key assets, including Esso-Erha, Stardeep-Agbami, and the Renaissance-Estuary Area.
It said production recovery is expected towards the end of the year, despite ongoing delays associated with WAEP’s first oil.
NNPC also disclosed that it has concluded its 2025 scheduled turnaround maintenance across its facilities. The company said production initiatives involving joint ventures, production sharing contracts, and NNPC Exploration and Production Limited assets have been finalised to support the 2026 production plan.
It added that it will continue to work closely with partners to improve output, maximise infrastructure availability, and maintain high maintenance standards across its operations.
On gas infrastructure, the company said progress has been recorded on the Ajaokuta-Kaduna-Kano gas pipeline, with the mainline welding and pressure testing completed. It stated that the project “is on course to be completed in 2026.”
The report also provided updates on the Obiafu-Obrikom-Oben River Niger crossing project. NNPC said all required equipment, materials and personnel have been mobilised to the site, while geotechnical data acquisition has been completed. It added that early construction activities are ongoing ahead of the commencement of drilling.
