• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

Crude oil, condensate output drops in September, experts give reasons – EnviroNews

Simon Osuji by Simon Osuji
October 22, 2025
in Technology
0
Crude oil, condensate output drops in September, experts give reasons – EnviroNews
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

– Advertisement –

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has recorded 1.61 million barrels per day (mbopd) of Crude and condensate production in September, slightly down from 1.65 mbpd recorded in August.

This was disclosed in the NNPC’s Monthly Financial and Operations Report for September 2025, released on Tuesday, October 21, and made available in Abuja.

Bayo OjulariBayo Ojulari
Bayo Ojulari, GCEO, National Petroleum Company (NNPC) Limited

Output had fluctuated between 1.57 mbpd and 1.70 mbpd from January to September, reflecting the lingering impact of pipeline disruptions, crude theft, and deferred production linked to scheduled and unscheduled maintenance.

The case was not different for Natural Gas Production which recorded 6,284million standard cubic feet per day (mmscf/d) in September, against robust 6,949 mmscf/d recorded in August.

The report also revealed that the national oil company recorded N4.3 trillion revenue, declared N216 billion Profit After Tax and remitted N10.073 trillion from January to August to the federation account.

On strategic efforts, the company said it had sustained industry wide collaboration and driven production recovery initiatives.

It said production levels during the period were temporarily moderated due to planned maintenance activities including those at the Nigeria Liquefied Natural Gas (NLNG).

This, it said, was alongside the phased recovery of previously shut-in assets and delays in the commencement of operations at OMLs 71 and 72.

Meanwhile, credible industry sources said that NNPC Limited had embarked on a series of scheduled maintenance activities across key upstream assets, including facilities linked to the NLNG network.

These planned interventions, which also coincided with the phased recovery of previously shut-in fields and the onboarding of new assets, were part of a broader strategy to optimise output and enhance infrastructure reliability.

An upstream expert, Dr Cletus Zanders, had in the meantime linked the shortfall in crude oil and condensate production to the upstream assets’ maintenance.

Zanders said recent production levels reflected a temporary moderation, adding that the development was a necessary recalibration to ensure stronger performance in the fourth quarter (Q4) and beyond.

“You don’t build resilience by pushing volume only, you build it by maintaining integrity of your assets,” he said.

An industry official who pledged anonymity, said stakeholders expect a rebound in crude and gas volumes as systems gradually come back online with most of the maintenance nearing completion.

“The move also underscores NNPC Limited’s proactive approach to asset stewardship and its role in sustaining industry-wide collaboration for production recovery.

“Rather than a setback, this phase marks a strategic reset that positions Nigeria’s energy sector for more consistent and secure output in the months ahead,” he said.

By Emmanuella Anokam

Source link

Related posts

Science-based risk assessment cornerstone of Nigeria’s approach to GMOs – NBMA DG – EnviroNews

Science-based risk assessment cornerstone of Nigeria’s approach to GMOs – NBMA DG – EnviroNews

February 7, 2026
World Wetlands Day: Oyo advised to curb indiscriminate vegetation clearance – EnviroNews

World Wetlands Day: Oyo advised to curb indiscriminate vegetation clearance – EnviroNews

February 7, 2026
Previous Post

Netflix Stock Drops as Tax Dispute in Brazil Weighs on Earnings

Next Post

Dangote plans refinery upgrade to dethrone India and lead the global refining market

Next Post
Dangote plans refinery upgrade to dethrone India and lead the global refining market

Dangote plans refinery upgrade to dethrone India and lead the global refining market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Flanks grabs additional capital to automate wealth services in Europe

Flanks grabs additional capital to automate wealth services in Europe

2 years ago
ChatGPT Predicts 400% Rally to $3, Here’s When

ChatGPT Predicts 400% Rally to $3, Here’s When

2 years ago
A deep dive into web3

A deep dive into web3

2 years ago
Oil Refiners Struggle To Access Financing As Banks Shun Fossil Fuel Projects

Oil Refiners Struggle To Access Financing As Banks Shun Fossil Fuel Projects

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.