Ojulari says Nigeria’s crude oil production is on track to reach 1.8m barrels per day before year-end after hitting its highest level in five years.
Nigeria’s oil production recovery continues as NNPCL reports 1.68m barrels per day output in September, with projections to hit 1.8m by December.
Nigeria’s crude oil production is projected to reach 1.8 million barrels per day (bpd) before the end of 2025, according to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari.
Ojulari, who briefed President Bola Ahmed Tinubu in Lagos, said production climbed to 1.68 million bpd in September—the highest in five years—driven by consistent growth and recent maintenance works.
“With the turnaround maintenance completed in August and September now coming back onstream, we expect that before the end of the year, we should be clocking at least 1.8 million barrels per day, all things being equal,” Ojulari said.
He attributed recent gas price spikes to supply disruptions caused by the PENGASSAN and Dangote Refinery strike but said prices would stabilise. Ojulari praised the government’s swift intervention and reaffirmed NNPCL’s commitment to the President’s target of hitting 2 million bpd by 2027 and 3 million by 2030.