{"id":6687,"date":"2025-11-28T12:58:03","date_gmt":"2025-11-28T12:58:03","guid":{"rendered":"https:\/\/7oceansoilandgas.com\/?page_id=6687"},"modified":"2025-11-28T13:02:17","modified_gmt":"2025-11-28T13:02:17","slug":"nnpcl-eyes-higher-oil-output-stronger-gas-monetisation-as-profit-hits-n5-4tr-25th-november-2025-by-collins-olayinka-waliat-musa","status":"publish","type":"page","link":"https:\/\/7oceansoilandgas.com\/?page_id=6687","title":{"rendered":"NNPCL eyes higher oil output, stronger gas monetisation as profit hits N5.4tr \u2013 25th November 2025 \u2013 By Collins Olayinka, Waliat Musa"},"content":{"rendered":"\t\t
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The Nigerian National Petroleum Company Limited (NNPCL) said it is positioned for stronger performance in 2025 and beyond, driven by increased production, expanded gas monetisation, deeper partnerships and aggressive cost-efficiency measures across its operations.<\/span>\u00a0<\/span><\/p>

Unveiling the 2024 financials of the company at a strategic meeting with Business Editors in Abuja yesterday, the Group Chief Executive Officer (GCEO) of the<\/span>\u202fNNPCL, Bayo Ojulari, said the company expects<\/span><\/a>\u202frevenue growth from both crude oil and gas, supported by new Gas Sales Agreements (GSAs), restructuring in the downstream sector, and renewed investor interest.<\/span>\u00a0<\/span><\/p>

The oil firm reported a Profit After Tax of N5.4 trillion on revenue of N45.1 trillion.<\/span>\u00a0<\/span><\/p>

Building on this performance, the company unveiled its strategic roadmap to drive sustained growth and support Nigeria\u2019s energy transition through 2030.<\/span>\u00a0<\/span><\/p>

The plan prioritises increased oil and gas production and outlines a $60 billion investment pipeline across the energy value chain.<\/span>\u00a0<\/span><\/p>

He stated that although last year\u2019s profit benefited significantly from foreign-exchange gains, following Central Bank of Nigeria (CBN) policy changes, such exceptional gains are not expected to recur.<\/span>\u00a0<\/span><\/p>

According to the NNPCL chief, the company is instead banking on \u2018fundamentals\u2019, operational excellence, technical efficiency, disciplined spending and increased investment to sustain improved results.<\/span>\u00a0<\/span><\/p>

He disclosed that NNPCL has already achieved a cost-reduction level of 15\u201320 per cent this year, emphasising that efficiency is now central to the company\u2019s strategy.<\/span>\u00a0<\/span><\/p>

On production,<\/span>\u202fNNPCL said output has risen from about 1.5 million barrels<\/span><\/a>\u202fper day last year to around 1.7 million barrels this year, with expectations of reaching 1.8 million barrels per day before the end of the year.<\/span>\u00a0<\/span><\/p>

Ojulari noted that the ambitious long-term target of two million barrels per day will depend on investor confidence, stable fiscal conditions and security of oil infrastructure.<\/span>\u00a0<\/span><\/p>

The company credited recent improvements in pipeline security in the Niger Delta, enabled by government-supported surveillance partnerships for restoring transparency in production volumes and boosting investor trust. It noted that the pipeline visibility and reduced theft are key enablers of higher output.<\/span>\u00a0<\/span><\/p>

On gas, NNPCL highlighted major progress in both export and domestic utilisation.<\/span>\u00a0<\/span><\/p>

He said that for the first time, non-shareholder third-party suppliers have been cleared to supply gas to NLNG, unlocking new value chains.<\/span>\u00a0<\/span><\/p>

The firm is also expanding<\/span>\u202fLiquefied Natural Gas (LNG), Compressed Natural Gas (CNG<\/span><\/a>) and infrastructure projects aimed at reducing transportation costs, strengthening industrialisation and monetising Nigeria\u2019s vast gas reserves.<\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

The Nigerian National Petroleum Company Limited (NNPCL) said it is positioned for stronger performance in 2025 and beyond, driven by increased production, expanded gas monetisation, deeper partnerships and aggressive cost-efficiency measures across its operations.\u00a0 Unveiling the 2024 financials of the company at a strategic meeting with Business Editors in Abuja yesterday, the Group Chief Executive […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-6687","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/pages\/6687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6687"}],"version-history":[{"count":4,"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/pages\/6687\/revisions"}],"predecessor-version":[{"id":6703,"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/pages\/6687\/revisions\/6703"}],"wp:attachment":[{"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}