Elegbede Abiodun
In five years, crude oil trading rose to 1.71 million barrels per day, the highest level.
NNPC Limited increased crude oil production and expanded gas infrastructure between April 2025 and April 2026, as part of efforts to improve operational efficiency and strengthen energy supply.
The gains reflect a shift toward resolving legacy asset disputes, scaling gas development and adopting a commercial operating model across its assets.
Crude oil trading rose to 1.71 million barrels per day, the highest level in five years, while its upstream subsidiary recorded a peak production of 365,000 bpd in December 2025.
The company also resolved the long-standing dispute over OPL 245, converting the asset into a Production Sharing Contract covering multiple licenses. Industry analysts say the resolution reduces legal uncertainty and supports future investment in deepwater exploration.
NNPC executed a model Production Sharing Contract for deepwater assets that includes terms to support the development of non-associated gas, marking a shift toward gas-focused investment.
In the gas segment, the company completed key infrastructure projects, including the River Niger crossing on the Ajaokuta–Kaduna–Kano pipeline and final line welding in July 2025.
It also commissioned the Assa North-Ohaji South gas plant and integrated it with the Obiafu-Obrikom-Oben pipeline, strengthening domestic gas supply.
Gas supply reached 7.5 billion standard cubic feet per day by the end of 2025, supported by new commercial agreements with industrial users, including the Dangote Group.
The company launched its Gas Master Plan in January 2026 to guide long-term investment and infrastructure expansion.
In refining, NNPC transitioned its refineries to an Incorporated Joint Venture structure, allowing the facilities to operate as independent commercial entities and secure financing outside government funding.
NNPC also retained a 7.25% equity stake in the Dangote Refinery to support national fuel supply and energy security.
NNPC Limited has been undergoing structural reforms following its commercialisation, focusing on efficiency, investment growth and reduced reliance on public funding. Gas development remains central to Nigeria’s energy transition strategy.
