June 12, 2025
The Nigerian National Petroleum Company Limited (NNPC Ltd) is poised to make significant strides in Nigeria’s oil and gas sector, with four major Final Investment Decisions (FIDs) expected before the close of 2025. The company revealed this strategic push in its recently released Monthly Report Summary for April 2025, shared via its official X (formerly Twitter) handle on Thursday, June 12.
This move marks a critical phase in the NNPC’s broader strategy to optimize production, expand revenue streams, and enhance Nigeria’s energy diversification efforts.
The FIDs That Could Shape Nigeria’s Energy Future
According to the report, the following projects are slated for Final Investment Decisions (FIDs) by Q4 2025:
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Ntokon Development Project (OML 102)
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Crude Oil Production Expansion Project (OML 29)
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Gas Development Projects (OMLs 30 and 42)
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Brass Fertilizer Project
These projects are designed to drive long-term value creation for the Nigerian economy. Notably, the Brass Fertilizer Project stands out for its potential to reduce Nigeria’s dependence on imported fertilizers, boost domestic agricultural productivity, and enhance food security.
Mixed Signals in Production Performance
On the production front, NNPC reported that crude oil and condensate output stood at 1.61 million barrels per day (mmbopd) in April, a slight decline from 1.67 mmbopd in January. Despite the drop in crude, natural gas production rose to 7,354 million standard cubic feet per day (mmscf/d)—an improvement from 7,120 mmscf/d in February.
These figures highlight the need for continued infrastructure development and investment to stabilize output in a sector still facing persistent operational challenges.
Strong Revenue, Major Infrastructure Milestones
Financially, NNPC Ltd posted an impressive ₦5.89 trillion in revenue for April 2025, with a profit after tax of ₦748 billion. The company’s statutory payments for Q1 2025 totaled ₦4.225 trillion, underlining its fiscal importance to the Nigerian government.
The report also detailed updates on critical infrastructure projects:
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OB3 Gas Pipeline: Now 95% complete, with major progress made in resolving River Niger crossing challenges.
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AKK Gas Pipeline: Currently 70% complete, reflecting steady advancement.
These gas pipelines are central to Nigeria’s future as a gas-powered economy, with the potential to open new domestic and export opportunities.
Refinery Overhauls and Upstream Reliability
NNPC reported that pipeline availability remained high at 97%, indicating improved reliability in upstream operations. Additionally, the company has completed Turnaround Maintenance (TAM) for strategic oil mining leases—OMLs 18, 58, 118, and 133.
Meanwhile, assessments are ongoing at refineries in Port Harcourt, Warri, and Kaduna as part of the national effort to revamp domestic refining capacity.
Social Impact Through NNPC Foundation
Beyond financials and operations, the report highlighted key community-focused programs under the NNPC Foundation, reinforcing the company’s commitment to corporate social responsibility:
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531 NYSC members received solar power starter packs under the NNPC/NYSC Business Empowerment Initiative.
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83 ICT trainees and 170 creative industry talents were equipped with business starter kits to support tech innovation and entrepreneurship.
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In healthcare, 2,005 individuals received cataract surgeries, while three hospital wards were rehabilitated at the National Orthopaedic Hospital in Igbobi.
Final Notes
NNPC Limited noted that all crude oil and gas figures presented in the report are provisional and unaudited, reflecting only its internal data. Independent operators’ reports are collated separately by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
As Nigeria navigates energy transition goals and production headwinds, NNPC’s aggressive investment and infrastructure agenda may provide the boost needed to realign the country’s oil and gas trajectory—toward efficiency, sustainability, and inclusive growth.
Stay tuned as we continue to track NNPC’s next moves and what they mean for Nigeria’s energy future.
