Kindly share:
\nThe Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded a 100 per cent availability on Major Crude Oil Pipelines in the country in June 2025, the Group Chief Executive Officer of NNPC Ltd., Mr Bashir Ojulari, said on Tuesday.<\/p>\n
Delivering a keynote address at the 24th NOG Energy Week (NOG) in Abuja, Ojulari said that for the first time in a long while, the nation enjoyed 100 per cent crude oil pipelines availability throughout June 2025.<\/p>\n
He said that the feat, which was possible through the industry-wide security interventions led by the NNPC Ltd., helped to boost crude oil production.<\/p>\n
He, however, called for more investments to boost production, adding that the company had been able to turn the narrative around by consistently meeting its cash-call obligations to Joint Venture operations.<\/p>\n
\u201cThe narrative has always been NNPC not having the ability to pay its cash call. Today the NNPC is able to raise finance for all its operations,\u201d he said.<\/p>\n
The GCEO also said that the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline had successfully crossed the River Niger, boosting the hope of the project\u2019s completion by fourth quarter (Q4) 2025.<\/p>\n
He said that the feat was achieved through innovative contract reengineering and industry collaboration.<\/p>\n
According to him, the Petroleum Industry Act (PIA) also placed NNPC Ltd. in a good position to live up to its responsibility of leading the industry in financing projects.<\/p>\n
Also speaking, Mr Abdulrazaq Isa, Chairman, Independent Petroleum Producers\u2019 Group (IPPG), said that the ongoing reform in the Nigerian oil and gas industry was at a critical phase as favourable industry policies continue to be formulated.<\/p>\n
Isa said that he implementation of the PIA was being accelerated while the International Oil Companies (IOCs) divestments had been concluded, with critical leadership appointments made at the NNPC Ltd.<\/p>\n
\u201cThe immediate focus for us as an industry is to reposition and key into the marching order given by the President to the NNPC Ltd.<\/p>\n
\u201cThis is to raise national production to three million barrels per day and 12 billion cubic feet of gas by 2030.<\/p>\n
\u201cThe industry must provide an answer to two pertinent questions:<\/p>\n
\u201cWhere will this incremental production of about 1.3 million barrels of oil per day and 4.5 billion cubic feet of gas come from within the next five years?<\/p>\n
\u201cWhat will be required to sustainably grow crude oil and gas production in line with this presidential target?\u201d<\/p>\n
He said that, given the five-year timeline, the bulk of the incremental crude oil and gas production would come from the recently divested assets in the onshore and shallow water\u00a0acreages.<\/p>\n
\u201cThese assets are primarily in the hands of IPPG members.<\/p>\n
\u201cWe are quite aware of this national responsibility and have already begun implementing key strategic plans to ramp up production from these divested assets,\u201d Isa said.<\/p>\n
He urged the indigenous players, who now contribute over 50 per cent to the nation\u2019s crude oil and gas production, to ensure a meaningful shift in the industry for a desired impact on national development.
\n(NAN)<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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