The Nigerian National Petroleum Corporation (NNPC) Limited, weekend, reported sustained production and solid financial performance in its October 2025 monthly report, with statutory payments totaling N11.15 trillion to the government for the nine months ending September 2025.
According to a recent report from NNPC’s official X handle, the figure highlights the national oil company’s substantial contribution to national revenue.
The report states that NNPC’s production of crude oil condensate was 1.58 million barrels per day (mmbopd) in October 2025, which was marginally less than the peak of 1.77 mmbopd earlier in the year.
Natural gas production was 6,997 million standard cubic feet per day (mmscfd). The planned maintenance at important assets like Usan and SEPNU, postponed operations at WAEP OML 71 and 72, and flooding that resulted in well shut-ins at OML 143 were the reasons for the modest output levels.
Despite these, upstream pipeline availability was maintained at 100%, with complete production recovery expected for mid-December 2025.
NNPC announced revenues of N5.078 trillion and a profit after tax of N447 billion for October 2025. Statutory contributions to the government totaled N11.15 trillion for the nine months ending in September, demonstrating the company’s ongoing financial support of the government through taxes and other commitments.
These numbers include intercompany transactions and consolidated adjustments showing the overall financial health of the business.
Major gas infrastructure projects are proceeding with urgency as the Ajaokuta-Kaduna-Kano (AKK) gas pipeline is reportedly being fast-tracked with extra resources to assure mainline completion by the end of 2025.
The Obiafu-Obrikom-Oben (OB3) gas pipeline project is advancing with preparatory work for the Niger River crossing and drilling activities, following amended execution plans.
The NNPC Foundation’s financial literacy program is another example of NNPC’s ongoing social endeavors; it has empowered over a million NYSC corps members nationally.
The program demonstrates NNPC’s dedication to Nigerian youth empowerment and entrepreneurship development.
Separately, OPEC+ is developing a system to evaluate each member’s production capacity and is anticipated to stick to its oil output strategy in early 2026.
A crucial move into frontier deepwater exploration in the South Atlantic, Eni has agreed to purchase a 50% share and operatorship in Uruguay’s offshore Block OFF-5 from YPF, subject to regulatory approval.
The report emphasizes NNPC’s balanced approach to managing production issues, progressing critical infrastructure projects, making a significant fiscal revenue contribution, and promoting socio-economic growth.
