NNPCL generated N4.4trn revenue in July
The Nigerian National Petroleum Company Limited (NNPCL) says it generated N4.40 trillion in revenue in July. In a statement on Thursday, the company said it recorded a profit after tax of N185 billion while remitting N7.96 trillion to statutory agencies between January and July. It added that production stood at 1.70 million barrels per day […]
The Nigerian National Petroleum Company Limited (NNPCL) says it generated N4.40 trillion in revenue in July.
In a statement on Thursday, the company said it recorded a profit after tax of N185 billion while remitting N7.96 trillion to statutory agencies between January and July.
It added that production stood at 1.70 million barrels per day of crude oil and condensate, alongside 7.72 billion standard cubic feet per day (scf/d) of natural gas.
To sustain crude oil and condensate output, the company said it is working to improve production facility uptime, strengthen stakeholder collaboration, and enhance operational efficiency.
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On the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, NNPCL said additional subcontractors have been deployed to accelerate mainline works and fast-track project completion.
It further stated that the Obiafu-Obrikom-Oben (OB3) Gas Pipeline has commenced a revised execution strategy aimed at expediting the completion of the OB3 River Niger Crossing.
“Already, a 113km portion of the OB3 Gas Pipeline has been commissioned and is flowing about 300 million scf/d of gas from the field,” it said.