NNPC reports strong March 2026 performance with record gas output

Abdullateef Fowewe

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has on Monday unveiled its Monthly Report Summary for March 2026, showcasing significant month-on-month growth in production and finances.

Crude oil and condensate output climbed to 1.56 million barrels of oil per day (mmbopd), up 3.31% from February, while gas production hit 7,731 million standard cubic feet per day (mmscf/d)—a 3.66% increase and the highest in the past 12 months.

“We also highlight key milestones, including the early completion of the OML 118 Bonga Turnaround Maintenance, delivered 12 days ahead of schedule, as well as the completed welding of the 24” spur line to the Gwagwalada Independent Power Plant on the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline, with drilling operations on the Obiafu-Obrikom-Oben (OB3) Gas Pipeline River Niger Crossing continuing as scheduled,” the statement noted.

On the financial front, revenue rose 3.51% to NGN2,774 Billion, profit after tax more than doubled to NGN276 Billion (up 102.94%), and cumulative statutory payments for the first quarter totaled NGN2,888 Billion.

“NNPC Ltd. has released its Monthly Report Summary for March 2026. This edition records month-on-month growth across key production metrics,” the company affirmed, underscoring ongoing strategic initiatives.