Oil reforms lift oil output by 600,000bpd – NNPC
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Verified Synthesis~42s readThe Group Chief Executive Officer of NNPC Limited, Bayo Ojulari The Nigerian National Petroleum Company Limited says reforms in the oil and gas industry have increased Nigeria’s crude oil production by 600,000 barrels per day, from about 1.2 million barrels to 1.8 million barrels daily, as the country steps up efforts to attract international investment into the sector. The statement read, “The Nigerian National Petroleum Company Limited says reforms in Nigeria’s oil and gas sector have added 600,000 barrels per day, raising national crude oil production from about 1.2 million barrels per day to 1.8 million barrels per day and placing the country in a stronger position to attract international energy capital.” Ojulari, who spoke during a session moderated by Chairman, MENA, APCO, John Defterios, said the company was targeting crude oil production of two million barrels per day by 2027, with emphasis on protecting existing production, maintaining infrastructure and accelerating new projects.
Context & Background
- ✦The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, disclosed this on Tuesday during an energy talk titled ‘Nigeria’s Reform Agenda: Competing for Energy Capital,’ at the 2026 Abu Dhabi International Petroleum Exhibition and Conference in the United Arab Emirates.
Key Figures & Named Entities
Tuesday:The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, disclosed this on Tuesday during an energy talk titled ‘Nigeria’s Reform Agenda: Competing for Energy Capital,’ at the 2026 Abu Dhabi International Petroleum Exhibition and Conference in the United Arab Emirates.Tuesday:A statement on the proceedings was issued by NNPC’s Chief Corporate Communications Officer, Andy Odeh, on Tuesday.2027:The statement read, “The Nigerian National Petroleum Company Limited says reforms in Nigeria’s oil and gas sector have added 600,000 barrels per day, raising national crude oil production from about 1.2 million barrels per day to 1.8 million barrels per day and placing the country in a stronger position to attract international energy capital.” Ojulari, who spoke during a session moderated by Chairman, MENA, APCO, John Defterios, said the company was targeting crude oil production of two million barrels per day by 2027, with emphasis on protecting existing production, maintaining infrastructure and accelerating new projects.
Outlook & Next Steps
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Key Takeaways
Verified Extract- The Group Chief Executive Officer of NNPC Limited, Bayo Ojulari The Nigerian National Petroleum Company Limited says reforms in the oil and gas industry have increased Nigeria’s crude oil production by 600,000 barrels per day, from about 1.2 million barrels to 1.8 million barrels daily, as the country steps up efforts to attract international investment into the sector.
- The statement read, “The Nigerian National Petroleum Company Limited says reforms in Nigeria’s oil and gas sector have added 600,000 barrels per day, raising national crude oil production from about 1.2 million barrels per day to 1.8 million barrels per day and placing the country in a stronger position to attract international energy capital.” Ojulari, who spoke during a session moderated by Chairman, MENA, APCO, John Defterios, said the company was targeting crude oil production of two million barrels per day by 2027, with emphasis on protecting existing production, maintaining infrastructure and accelerating new projects.
- The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, disclosed this on Tuesday during an energy talk titled ‘Nigeria’s Reform Agenda: Competing for Energy Capital,’ at the 2026 Abu Dhabi International Petroleum Exhibition and Conference in the United Arab Emirates.
Key Facts:Tuesday: The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, disclosed this on Tuesday during an energy talk titled ‘Nigeria’s Reform Agenda: Competing for Energy Capital,’ at the 2026 Abu Dhabi International Petroleum Exhibition and Conference in the United Arab Emirates.Tuesday: A statement on the proceedings was issued by NNPC’s Chief Corporate Communications Officer, Andy Odeh, on Tuesday.2027: The statement read, “The Nigerian National Petroleum Company Limited says reforms in Nigeria’s oil and gas sector have added 600,000 barrels per day, raising national crude oil production from about 1.2 million barrels per day to 1.8 million barrels per day and placing the country in a stronger position to attract international energy capital.” Ojulari, who spoke during a session moderated by Chairman, MENA, APCO, John Defterios, said the company was targeting crude oil production of two million barrels per day by 2027, with emphasis on protecting existing production, maintaining infrastructure and accelerating new projects.2021: The NNPC boss attributed the improvement to the implementation of the Petroleum Industry Act, 2021, better investment decisions and closer working relationships between the company and its partners.
Editorial Excerpt
The NNPC says reforms in the oil and gas industry have increased Nigeria's oil output by 600,000 barrels per day, from 1.2 million to 1.8 million bpd.
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What is the latest development regarding Federal Capital Territory?
The Group Chief Executive Officer of NNPC Limited, Bayo Ojulari The Nigerian National Petroleum Company Limited says reforms in the oil and gas industry have increased Nigeria’s crude oil production by 600,000 barrels per day, from about 1.2 million barrels to 1.8 million barrels daily, as the country steps up efforts to attract international investment into the sector.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Federal Capital Territory, Kano State, NNPC Limited.
What timeline or key figures were confirmed?
The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, disclosed this on Tuesday during an energy talk titled ‘Nigeria’s Reform Agenda: Competing for Energy Capital,’ at the 2026 Abu Dhabi International Petroleum Exhibition and Conference in the United Arab Emirates.
