The Nigerian National Petroleum Company Limited (NNPC Ltd.) announced a revenue of N5.89 trillion and a Profit After Tax (PAT) of N748 billion for April.
The company's Monthly Report Summary, released on Thursday, provided crucial financial insights, highlighting NNPC Ltd.'s crude oil and condensate production, natural gas output, revenue, profit after tax, and strategic initiatives during the month.
Key financial figures include statutory payments totaling N4.22 billion made between January and March. The reported crude oil and gas figures are provisional and reflect only NNPC Ltd.'s data, excluding volumes from independent operators as reported by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
According to the report, crude oil and condensate production averaged 1.606 million barrels per day (bpd) in April, while natural gas production stood at 7.354 million standard cubic feet per day. Petrol availability at NNPC Ltd. retail stations was recorded at 54 percent, and upstream pipeline reliability reached 97 percent during the month.
NNPC said it was working with venture partners to enhance sustainable production and has completed the implementation of relevant presidential directives and Executive Orders for its upstream operations. Technical interventions on the Ajaokuta-Kaduna-Kano (AKK) pipeline and the Obiafu-Obrikom-Oben (OB3) gas pipeline were also noted, with the OB3 project being 95 percent completed and the AKK pipeline 70 percent completed.
It added that Turnaround Maintenance (TAM) was completed in several Oil Mining Leases (OML), including OML 18, OML 58, OML 118, and OML 133. The status of its refineries, including the Port Harcourt Refinery Company (PHRC) and the Warri and Kaduna refineries, was currently under review.
The report emphasizes that all financial figures are provisional and unaudited, covering operational and financial data for April unless otherwise specified.
