The Nigerian National Petroleum Company Limited, NNPCL, on Tuesday declared that it made a profit after tax of N1.054 trillion in May, 2025, an increase of 40.37 percent from N748 billion recorded in April.
NNPC said its revenue for May was N6.008 trillion while it has remitted N5.583 trillion to the government from January to May 2025.
The company in its ‘NNPC Limited Monthly Report Summary — May 2025’, disclosed that average crude and condensate oil production for the month was 1.629 barrels per day.
Average gas production was 7.35 million standard cubic feet daily.
It stated that all financial figures are provisional and unaudited.
The company also clarified that the figures are provisional and reflect only its operations, excluding data from independent operators reported by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
NNPC disclosed that Port Harcourt, Warri, and Kaduna refineries are under review in the month.
The national oil company said technical interventions progressed on the AKK gas pipeline project to resolve challenges of River Niger crossing.
The NNPC said it is also conducting detailed evaluations on OB3 River Niger crossing to determine the best project execution path forward.
The NNPC said it completed a turnaround maintenance (TAM) in May for the Trans Escravos Pipeline (TEP), oil mining lease (OML) 40 — Opuama flow station, and OML 17 — Obigbo and Agbada flow stations.
No comments:
Post a Comment