NNPC Limited continues to record steady growth in national crude oil and gas production, reinforcing the Company’s transformation into a fully commercial, globally competitive energy company a press statement by the NNPC has stated.
The energy Company in the press release said it has taken note of recent media commentary, credited to the Oil and Gas Professionals Forum (OGPF), questioning the performance of the Company’s leadership under Group Chief Executive Officer, Engr. Bayo Ojulari, in connection with the recently concluded oil licensing round conducted by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
NNPC Limited in the released statement said while the company welcomes scrutiny of its operations and performance, consistent with the transparency and accountability the Company holds itself to, it however noted that it has become imperative and important to set the record straight on the specific claims raised.
The company while reacting to the licensing round noted that the Petroleum Industry Act (PIA) 2021 puts the conduct of oil licensing rounds and the allocation of oil blocks squarely within the statutory mandate of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) declaring that NNPC Limited, since its incorporation, has operated strictly as a commercial entity and holds no regulatory or allocative authority.
“On Crude Oil Production
Publicly available data reflects a clear and sustained improvement in crude oil output under the current leadership. As of April 2025, average crude oil production stood at 1.60 million barrels per day (mbpd) inclusive of condensate. Output rose through the second half of 2025 and stabilised at 1.67 mbpd inclusive of condensate, by April 2026” the statement declared.
NNPC in the released statement said this reflects an increase of approximately 80 thousand barrels per day representing 6% growth. “These figures are documented in NNPC Limited’s Monthly Performance Report, which is available to the public” the statement further emphasised
On Gas Production, NNPC said the
Company’s gas production recorded similar growth noting that as of April 2025, gas production averaged 7,354 million standard cubic feet per day (mmscfd).
“By April 2026, this had risen to 7,729 mmscfd, which represents a 5% growth, an indicator of expanding gas output in support of Nigeria’s domestic energy security and export commitments” restating that these figures are documented in the publicly available NNPC Limited’s Monthly Performance Report.
While stating that the NNPC Limited remains committed transparency the company in the press statement noted that it will continue to engage openly on matters concerning the Company’s performance and operations. “The Company also reserves the right to take necessary steps to protect its reputation and that of its leadership against publication of false or unsubstantiated claims. We encourage industry commentators, analysts, and professional associations to verify information through the appropriate regulatory and corporate channels before publication” it concluded, empahsising that by so doing information in the public domain will be based on facts that will help drive constructive and well informed discourse on the Nigerian energy sector.
NNPC clarifies reports on company’s performance, leadership style under Ojulari
