NNPC says crude production dropped to 1.58m bpd in October

The Nigerian National Petroleum Company (NNPC) Limited says crude oil and condensate production decreased to 1.58 million barrels per day (bpd) in October 2025.

In its ‘Monthly Report Summary’ for October 2025, published on Saturday, NNPC said the production level dropped by 1.86 percent from 1.61 million bpd recorded in September.

However, the natural gas output increased to 6.99 million standard cubic feet daily (mscfd) in October, from 6.28 million scfd in the previous month.

Also, NNPC reported a profit after tax (PAT) of N447 billion for October.

The company said the figure increased by 106.94 percent from N216 billion in the previous month.

NNPC said a revenue of N5.07 trillion was recorded in the reviewed period — up by 18.74 percent from N4.27 trillion recorded in September.

The figure, NNPC said, reflects the aggregate of group revenues, including intercompany transactions.

NNPC: ONGOING MAINTENANCE ACTIVITIES AFFECTING PRODUCTION

The oil company said it is making “strategic” efforts to sustain industry-wide collaboration and driving production recovery initiatives.

“Initiate and complete all scheduled facility maintenance activities in Stardeep-Agbami, Esso-Erha, Renaissance-EA and OML 42 within the November/December window,” the oil firm said.

NNPC said production levels during the period remained temporarily moderate due to ongoing planned maintenance activities across key assets, including Usan and Seplat Energy Producing Nigeria Unlimited (SEPNU).

The company also cited continued delays in the commencement of operations in West African Exploration and Production Company (WEAP) Limited (oil mining lease 71 and 72) and recent flooding that led to well shut-ins in OML 143.

The oil firm said full production recovery is planned in mid-December.

On the Ajaokuta-Kaduna-Kano (AKK) gas pipeline, NNPC said additional resources have been deployed, thereby, fast-tracking construction activities across multiple fronts “with a clear line of sight to mainline completion before end 2025”.

Regarding the Obiafu-Obrikom-Oben (OB3) River Niger crossing, the firm also reported steady progress on preparatory activities leading up to drilling, in line with the revised execution strategy.