NNPC Limited has reduced operational costs by $3.4 billion through aggressive contract restructuring and optimization programs. The company reported a 6% increase in crude oil production, reaching 569.7 million barrels, and a 21.8% increase in government revenue during the review
NNPC seeks to strengthen energy partnerships and has unveiled its one-year performance scorecard, highlighting a crude oil production increase to 1.71 million barrels per day and a commitment to strategic collaborations to enhance Nigeria's energy sector.
NNPC achieved $3.4 billion in cost savings through contract reviews, as reported by CEO Bayo Ojulari during the 25th NOG Energy Week in Abuja. The company also recorded a 6% increase in crude oil production and a 21.8% rise in government revenue contributions.
NNPC Ltd's Group Chief Executive Officer, Bashir Ojulari, called for stronger collaboration in Nigeria's energy sector during the 25th NOG Energy Week in Abuja, highlighting significant achievements and the need for strategic partnerships to unlock Africa's energy potential.
