NNPCL’s revenue rises to N6.008trn in May, oil production climbs to 1.7mbpd
Omeiza Bilal
The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday announced it recorded ₦6.008 trillion in revenue for the month of May 2025.
In a statement posted on its verified X handle, the amount is higher than the ₦5.972 trillion recorded in April.
According to its Monthly Report Summary for May 2025, the increase was possible due to improved crude oil and condensate production which stood at 1.629 barrels per day.
Profit after tax rose to N1.054 trillion in May from N926 billion in April representing a 14 per cent increase.
The company said that the sum of N5.583 represents statutory payment for the month January-April, 2025.
The report further stated that gas production rose slightly to 7.352 billion standard cubic feet per day just as gas sales dipped to 4.185bn mmscfd in May.
In terms of strategic projects, the company reported steady progress on the OB3 and Ajaokuta-Kaduna-Kano gas pipeline projects.
OB3 achieved 96 per cent completion, while the AKK project reached 81 per cent. Upstream pipeline availability remained strong at 98 per cent, it said.
The report also highlighted recent interventions such as the May turnaround maintenance of key pipelines including the Trans Escravos Pipeline, as well as multiple flow stations in OML 40 and OML 17.
“On strategic efforts, progressed technical interventions or AKK to resolve challenges of River Niger crossing and conducting detailed evaluation on OB3 RNC to determine the best project execution path going forward.
“Completed turnaround maintenance in May. Trans Escravos pipeline. Opuama flow station. Obigbo and Agbada flow stations.
“Refineries Status: PHRC WRPC and KRPC review in progress.”
Under its Corporate Social Responsibility portfolio, the NNPC Foundation said it completed 6,028 cataract surgeries across the country and distributed starter packs to 531 NYSC Corps members on May 22. It also provided MRI equipment to hospitals in Kano and Anambra states.
“Provision of MRI machines to the National Orthopedic Hospital, Dala-Kano (NOHDK) and Nnamdi Azikiwe University Teaching Hospital, Awka (NAUTH) is underway.
“A total of 4,931 vulnerable farmers in Nigeria’s southern region received comprehensive training on modern farming techniques, climate change adaptation, and market access,” NNPCL further said in the report.
