Nigeria’s crude oil and condensate output rose to 1.73 million barrels per day in May 2026, up from 1.68 million bpd in April, the Nigerian National Production Company Limited has reported.
According to NNPC’s May 2026 monthly report, the increase was driven by improved asset reliability and higher facility uptime,
The oil company said production gains were limited by persistent constraints.
These, it said , include poor well performance at TEPNG, reservoir pressure issues at Bonga, lifting curtailments at Nembe, and maintenance work at Stardeep Agbami.
The company also posted a Profit After Tax of N462 billion for May. Revenue stood at N4.335 trillion, while total statutory remittances to government between January and May reached N4.858 trillion.
Gas production hit a 12-month high of 7,774 million standard cubic feet per day, though gas sales fell slightly to 4,921 mmscf/d from 5,044 mmscf/d in April.
Crude oil and condensate sales fell to 18.95 million barrels in May, down from 23.65 million barrels in April, indicating weaker sales volumes despite higher production.
The company reported strong pipeline performance, with upstream pipeline availability at 98 percent. Progress also continued on strategic gas infrastructure projects.
The company revealed that the Obiafu-Obrikom-Oben (OB3) Gas Pipeline reached 97 percent completion, adding that work on the River Niger crossing had advanced significantly following pullback operations.
It said pre-commissioning and tie-in works are expected to pave the way for full commissioning of the OB3 pipeline section by the end of the third quarter of 2026.
Besides, the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline achieved 94 percent completion. NNPC said mainline construction, installation and pre-commissioning activities were advancing to support early gas delivery to Abuja in 2026.
According to the company, retail performance remained mixed, with PMS availability across NNPC Retail stations standing at 57 percent.