July 02, (THEWILL) — The Nigerian National Petroleum Company Limited (NNPCL) has declared a total N6.008 trillion as revenue for the month of May 2025, marking an increase of N0.036 from the N5.972 trillion recorded in April.
According to its Monthly Report Summary for May 2025, the increase was possible due to improved crude oil and condensate production which stood at 1.629 barrels per day.
Profit-after-tax rose to N1.054 trillion in May from N926 billion in April representing a 14 percent increase.
The company said that the sum of N5.583 represents statutory payment for the month January-April 2025.
The report further stated that gas production rose slightly to 7.352 billion standard cubic feet per day just as gas sales dipped to 4.185bn mmscfd in May.
In terms of strategic projects, the company reported steady progress on the OB3 and Ajaokuta-Kaduna-Kano gas pipeline projects. It said OB3 achieved 96 percent completion, while the AKK project reached 81 percent. Upstream pipeline availability remained strong at 98 percent.
The report also highlighted recent interventions such as the May turnaround maintenance of key pipelines including the Trans Escravos Pipeline, as well as multiple flow stations in OML 40 and OML 17.
“On strategic efforts, progressed technical interventions or AKK to resolve challenges of River Niger crossing and conducting detailed evaluation on OB3 RNC to determine the best project execution path going forward. Completed turnaround maintenance in May. Trans Escravos pipeline. Opuama flow station. Obigbo and Agbada flow stations.
“Refineries Status: PHRC WRPC and KRPC review in progress”, the report stated.
Under its Corporate Social Responsibility portfolio, the NNPC Foundation completed 6,028 cataract surgeries across the country and distributed starter packs to 531 NYSC Corps members on May 22, while also providing MRI equipment to hospitals in Kano and Anambra states.
“Provision of MRI machines to the National Orthopedic Hospital, Dala-Kano (NOHDK) and Nnamdi Azikiwe University Teaching Hospital, Awka (NAUTH) is underway.
“A total of 4,931 vulnerable farmers in Nigeria’s southern region received comprehensive training on modern farming techniques, climate change adaptation, and market access”, the report stated.
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