Nigerian National Petroleum Company (NNPCL) recorded N4.26 trillion revenue and N216 billion profit after tax in September 2025.
It however produced 1.61 million barrels per day of crude and oil and condensate in the period under review.
This was contained in the monthly report the state -owned oil firm released yesterday.
The output record which was an indication of a marginal decline from the 1.64mb/d output of August 2025, according to experts, was due to upstream assets maintenance in September.
In the period under review, NNPCL produced 5,284 million metric standard cubic feet of gas.
NNPC said its retail outlets in the downstream recorded 77 per cent availability of the Premium Motor Spirit (PMS).
The report noted that the company made N10.07 trillion statutory payments from January to August.
NNPCL said its Obiafu-Obrikom-Oben (OB3) and Ajaokuta Kaduna Kano (AKK) pipeline projects were at 96 per cent and 88 per cent completion stages respectively.
NNPCL said it has sustained industry wide collaboration and drive production recovery initiatives.
On AKK, the report said a sustained focus is being directed towards completion of the mainline works withsubstantial progress being recorded.
According to the report, “there was 96 per cent upstream availability in the month under review.”
On OB3, NNPCL said, revealed that “OB3 (River Niger Crossing): Implementation of revised execution strategy underway to ensure delivery within target timelines. 113km portion of OB3 Gas Pipeline has been commissioned and flowing circa 300mmscf/d of gas from the gas producers.”
The report also noted that there was industry collaboration as “production levels during the period wereB temporarily moderated due to planned maintenance activities including those at NLNG alongside the phased recovery of previously shut-in assets and delays in the commencement of operations at OMLs 71 and 72.
The Nation however learnt from credible upstream operators that NNPCL has embarked on a series of scheduled maintenance activities across key upstream assets, including facilities linked to the Nigeria LNG (NLNG) network.
According to the experts, these planned interventions, which also coincide with the phased recovery of previously shut-in fields and the onboarding of new assets, are part of a broader strategy to optimize output and enhance infrastructure reliability.
While recent production levels reflect a temporary moderation, industry insiders view this as a necessary recalibration to ensure stronger performance in Q4 and beyond.
The source, who was not authorized to speak for NNPCL, said, “You don’t build resilience by pushing volume only, you build it by maintaining integrity of your assets.”
Another senior regulatory official noted that “With most of the maintenance now nearing completion, stakeholders can expect a rebound in crude and gas volumes as systems come back online, according to some officials.
“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- one that positions Nigeria’s energy sector for more consistent and secure output in the months ahead.”
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