NNPCL Reports ₦4.4tn Revenue As July Oil Production Peaks At 1.7MBPD

…Declares N185bn Profit, Gas Production Hits 7.7MMSCF/D

The series of reforms being implemented in the oil and gas sector by the federal government is beginning to yield positive results, with the country recording its highest oil production of 1.7 million barrels per day in the month of July.

The figure was disclosed by the Nigerian National Petroleum Company Ltd in its report for the month of July this year, which was seen by THE WHISTLER.

An analysis of the report showed that the crude production volume of 1.7 million is the highest recorded this year in the oil and gas sector.

In January, crude oil production was 1.67MBPD. The figure went down to 1.62MBPD and further to 1.56MBPD in February and March, respectively, before rising marginally to 1.61MBPD in April.

In the months of May and June this year, the production volume rose to 1.63MBPD and 1.68MBPD, respectively, before hitting the peak production of 1.7MBPD in July.

For gas production, the country also witnessed a tremendous increase with the July production hitting a peak of 7.7MMSCF/D from the 7.58MMSCF/D recorded in June.

The rise in production boosted revenue as the NNPCL recorded N4.4tn revenue and a profit of N185bn in the month of July this year.

On the Ajaokuta- Kaduna- Kano (AKK) Gas Pipeline project, the NNPC said additional subcontractors have been deployed to expedite completion of mainline works and fast-track project
completion.

For the Obiafu-Obrikom- Oben (OB3) Gas Pipeline, it said the company has commenced implementation of the revised execution strategy towards the expedited completion of the OB3 River
Niger Crossing.

The NNPC added that the 113km portion of the OB3 Gas Pipeline has been commissioned and is flowing about 300mmscf/d of gas.

Meanwhile, the Group Chief Executive Officer, NNPC Limited, Engr. Bashir Bayo Ojulari, has reaffirmed the company’s strategic direction towards value creation, competitiveness and efficiency as the foundation of its new business model.

The GCEO made this known while delivering a keynote address themed “Building a Resilient Oil and Gas Sector in Nigeria: Advancing HSE, ESG, Investors and Incremental Production,” at the 2025 Petroleum & Natural Gas Senior Staff Association of Nigeria (PENGASSAN) Energy and Labour Summit (PEALS 2025).

Speaking on NNPC Ltd.’s transformation, Ojulari underscored the company’s renewed focus on operational excellence and investor confidence, driven by the provisions of the Petroleum Industry Act (PIA) and global market dynamics.

He explained that resilience for the Nigerian oil and gas sector must translate into concrete reforms across operations, governance, and partnerships.

“With the Petroleum Industry Act (PIA), we now have a framework to transform our investment climate. NNPC Limited is now operating under a new business model, focused on value creation, competitiveness, and efficiency.

“This includes restructuring joint ventures, monetising assets, and investing in critical infrastructure across the value chain.” Ojulari reiterated.

The GCEO emphasised that beyond production volumes, the future of Nigeria’s oil and gas industry rests on strong Environmental, Social, and Governance (ESG) practices, adding that global investors and communities alike now judge energy companies not only by what they produce but how responsibly they produce it.

“Today, oil and gas companies are judged not only by what they produce, but how they produce it. Environmental stewardship, social responsibility, and sound governance are now critical metrics for accessing capital, winning community support, and sustaining growth. NNPC Limited has initiated an Energy Transition Roadmap—reducing our carbon footprint, investing in gas as a transition fuel, and improving transparency.” he revealed.

He stressed the need for stakeholder alignment to unlock stranded assets and boost incremental production through smarter, coordinated actions across the value chain.

He called for collaboration between PENGASSAN, labour unions, investors, government and industry stakeholders towards assuring stability, de-risking the environment and creating conditions for sustainable growth. Every additional barrel and gas molecule contributes directly to national prosperity and energy security, he added.

While commending PENGASSAN for its pivotal role in strengthening Nigeria’s energy workforce, the GCEO reaffirmed NNPC Ltd.’s commitment to innovation, collaboration, and national development urging all stakeholders to embrace resilience as a deliberate choice for the future.

NNPCL Reports ₦4.4tn Revenue As July Oil Production Peaks At 1.7MBPD is first published on The Whistler Newspaper