Oil output has grown by 600,000bpd since PIA — NNPC.
REFORMS: Oil output has grown by 600,000bpd since PIA — NNPC 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.
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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.
Group Chief Executive Officer of NNPC Limited, Mr Bashir Bayo Ojulari, disclosed this yesterday at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates. Speaking at an Energy Talk titled, “Nigeria’s Reform Agenda: Competing for Energy Capital,” Ojulari attributed the production increase to the implementation of the PIA 2021, improved investment climate, better investment decisions and stronger collaboration between NNPC and its partners. He said the company was working towards achieving Nigeria’s two million bpd production ambition by 2027 through improved maintenance of existing infrastructure, protection of base production, increased output from producing assets and execution of new projects. “The figure of 1.8 million barrels per day is a stage in a journey towards our objective.
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