.Has stakes in 72 oil blocks
.Declares net profit of N3.297trn
Equity stakes by the Nigerian National Petroleum Company Limited (NNPCL) in oil companies operating in Nigeria continue to swell as the company enlarges its business of prospecting, exploration and production of crude oil and gas through various wholly owned assets, joint venture arrangements and production sharing contracts with other companies in the industry as well as boost earnings for the nation.
As of now NNPC Limited has equities in 72 oil blocks spread across oil companies. According to its 2023 audited account released last week, the company has shares in seven deepwater blocks, continental shelf (2), land (53), partial swamp (2), swamp (3), onshore (1) and offshore shallow water (4).
ALSO READS:
- Gas Shortage, Low Water Levels Trigger Decline in Nigeria’s Power Generation — NISO
- Shell Nigeria Gas Backs Manufacturing Growth, Calls for Reliable, Affordable Energy
- Energy Times Awards 2026: Namadi, Ojulari, Dantsoho, Verheijen, Others Make Honours List
- REA flags off 37 mini-grid projects, set to add 18.8MW
- ADIPEC 2026: We Have Added 600,000 bpd to Oil Output -Ojulari
