The Nigerian National Petroleum Company (NNPC) Limited plans to reach four key Final Investment Decisions (FIDs) before 2025 ends, taking bold steps to boost energy output and attract investment.
In its first-ever “NNPC Monthly Report Summary” under Group Managing Director Bayo Ojulari, the company outlined its intention to approve the Ntokon Development (OML 102), Crude Oil Production Expansion (OML 29), Gas Development Projects (OMLs 30 and 42), and the long-awaited Brass Fertilizer Project—all by Q4 2025.
With these decisions, NNPC aims to increase production efficiency, expand Nigeria’s energy portfolio, and cut import reliance.
Specifically, the Brass Fertilizer Project will support local fertiliser demand and strengthen agricultural output.
Meanwhile, NNPC reported crude oil and condensate production reached 1.61 million barrels per day in April, slightly below January’s 1.67 million.
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However, gas production surged to 7,354 million standard cubic feet per day—the year’s highest—showcasing Nigeria’s shift towards gas monetisation.
Infrastructure Nears Completion
Additionally, NNPC advanced critical infrastructure projects.
It pushed the OB3 and AKK gas pipelines to 95% and 70% completion, respectively.
The company also maintained 97% upstream pipeline availability, underscoring improved network reliability.
To streamline operations and draw in joint venture partners, NNPC launched targeted business process reforms.
As a result, industry experts believe timely FID approvals could inject billions in foreign investment, generate thousands of jobs, and reinforce Nigeria’s economic stability.
Ultimately, NNPC is not just responding to energy demands—it’s leading Nigeria’s energy transformation with deliberate, strategic action.
