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…Company targets two million bpd production by 2027 By Obas Esiedesa, Abuja Nigeria’s crude oil production has increased by 600,000 barrels per day (bpd), from about 1.2 million bpd to 1.8 million bpd, following the implementation of the Petroleum Industry Act (PIA) and reforms in the oil and gas sector, the Nigerian National Petroleum Company Limited (NNPC) has said. The Group Chief Executive Officer of NNPC Limited, Mr Bashir Bayo Ojulari, disclosed this on Tuesday at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.
Context & Background
✦On domestic energy supply, the NNPC boss said the removal of petrol subsidy had been accompanied by an expanded compressed natural gas (CNG) programme, with more than 400 conversion centres established across the country.
Key Figures & Named Entities
2027:…Company targets two million bpd production by 2027 By Obas Esiedesa, Abuja Nigeria’s crude oil production has increased by 600,000 barrels per day (bpd), from about 1.2 million bpd to 1.8 million bpd, following the implementation of the Petroleum Industry Act (PIA) and reforms in the oil and gas sector, the Nigerian National Petroleum Company Limited (NNPC) has said.Tuesday:The Group Chief Executive Officer of NNPC Limited, Mr Bashir Bayo Ojulari, disclosed this on Tuesday at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.2021:Speaking at an Energy Talk titled, “Nigeria’s Reform Agenda: Competing for Energy Capital,” Ojulari attributed the increase to the implementation of the PIA 2021, an improved investment climate, better investment decisions and stronger collaboration between NNPC and its partners.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦…Company targets two million bpd production by 2027 By Obas Esiedesa, Abuja Nigeria’s crude oil production has increased by 600,000 barrels per day (bpd), from about 1.2 million bpd to 1.8 million bpd, following the implementation of the Petroleum Industry Act (PIA) and reforms in the oil and gas sector, the Nigerian National Petroleum Company Limited (NNPC) has said.
✦The Group Chief Executive Officer of NNPC Limited, Mr Bashir Bayo Ojulari, disclosed this on Tuesday at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.
✦On domestic energy supply, the NNPC boss said the removal of petrol subsidy had been accompanied by an expanded compressed natural gas (CNG) programme, with more than 400 conversion centres established across the country.
Key Facts:2027: …Company targets two million bpd production by 2027 By Obas Esiedesa, Abuja Nigeria’s crude oil production has increased by 600,000 barrels per day (bpd), from about 1.2 million bpd to 1.8 million bpd, following the implementation of the Petroleum Industry Act (PIA) and reforms in the oil and gas sector, the Nigerian National Petroleum Company Limited (NNPC) has said.Tuesday: The Group Chief Executive Officer of NNPC Limited, Mr Bashir Bayo Ojulari, disclosed this on Tuesday at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.2021: Speaking at an Energy Talk titled, “Nigeria’s Reform Agenda: Competing for Energy Capital,” Ojulari attributed the increase to the implementation of the PIA 2021, an improved investment climate, better investment decisions and stronger collaboration between NNPC and its partners.2027: He said the company was working towards achieving Nigeria’s two million bpd production target by 2027 through improved maintenance of existing infrastructure, protection of base production, increased output from producing assets and execution of new projects.
Editorial Excerpt
…Company targets two million bpd production by 2027 By Obas Esiedesa, Abuja Nigeria’s crude oil production has increased by 600,000 barrels per day (bpd), from about 1.2 million bpd to 1.8 million bpd, following the implementation of the Petroleum Industry Act (PIA) and reforms in the oil and gas...
Frequently Asked Questions About This Story
What is the latest development regarding Federal Capital Territory?
…Company targets two million bpd production by 2027 By Obas Esiedesa, Abuja Nigeria’s crude oil production has increased by 600,000 barrels per day (bpd), from about 1.2 million bpd to 1.8 million bpd, following the implementation of the Petroleum Industry Act (PIA) and reforms in the oil and gas sector, the Nigerian National Petroleum Company Limited (NNPC) has said.
Who are the key organizations or public figures mentioned?
The Group Chief Executive Officer of NNPC Limited, Mr Bashir Bayo Ojulari, disclosed this on Tuesday at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates.
What timeline or key figures were confirmed?
…Company targets two million bpd production by 2027 By Obas Esiedesa, Abuja Nigeria’s crude oil production has increased by 600,000 barrels per day (bpd), from about 1.2 million bpd to 1.8 million bpd, following the implementation of the Petroleum Industry Act (PIA) and reforms in the oil and gas sector, the Nigerian National Petroleum Company Limited (NNPC) has said.
