The Nigerian National Petroleum Company Limited (NNPC Ltd) is preparing to make four key Final Investment Decisions (FIDs) before the end of 2025, signaling a major step forward in its strategic drive to revamp Nigeria’s oil and gas industry.
This was revealed in the company’s April 2025 Monthly Report Summary, released Thursday, June 12, via its official X (formerly Twitter) handle. The report outlined NNPC’s operational milestones, financial performance, and plans to expand the nation’s energy footprint.
Four Strategic Projects Underway
The FIDs expected by Q4 2025 include:
- Ntokon Development Project (OML 102)
- Crude Oil Production Expansion Project (OML 29)
- Gas Development Projects (OMLs 30 and 42)
- Brass Fertilizer Project
These investments are central to NNPC’s broader plan to boost oil and gas output, increase national revenues, and diversify the energy mix. In particular, the Brass Fertilizer Project aims to curb Nigeria’s dependence on fertilizer imports and strengthen domestic agricultural productivity.
Production and Revenue Snapshot
Despite a marginal decline in crude and condensate output — 1.61 million barrels per day (mmbopd) in April, down from 1.67 mmbopd in January — the report shows natural gas production rose to 7,354 million standard cubic feet per day (mmscf/d), up from 7,120 mmscf/d in February.
On the financial front, NNPC Ltd posted N5.89 trillion in revenue for April, with a profit after tax of N748 billion. Statutory payments for Q1 2025 totaled N4.225 trillion, reinforcing the company’s critical fiscal role in Nigeria’s economy.
Infrastructure Progress and Refining Updates
Significant progress was also reported on key gas pipeline infrastructure:
- The OB3 pipeline project is now 95% complete,
- The AKK pipeline has reached 70% completion,
with technical interventions successfully addressing complex River Niger crossings.
Upstream pipeline availability stood at 97%, a sign of improved infrastructure reliability.
Meanwhile, NNPC is reviewing operations at the Port Harcourt, Warri, and Kaduna refineries, while Turnaround Maintenance (TAM) was completed in April for several critical oil mining leases including OMLs 18, 58, 118, and 133.
Community Impact and Human Development
The report also highlighted NNPC Foundation’s social investments, including:
- Provision of solar power starter packs to 531 NYSC members through its Business Empowerment Initiative,
- Distribution of business starter kits to 83 ICT trainees and 170 creative industry talents,
- Support for 2,005 cataract surgeries,
- Rehabilitation of three hospital wards at the National Orthopaedic Hospital, Igbobi.
NNPC clarified that all crude oil and gas figures are provisional and unaudited, and do not include data from independent operators overseen by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The report reflects a continued commitment to investment, transparency, and national development, as the company positions itself to drive Nigeria’s energy future.
