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Home Economy And Business

PENGASSAN Strike Cut Nigeria’s Oil Output by 283,000 Barrels Per Day – NNPCL

“Significant revenue losses are projected at current deferment levels, driven by missed liftings and gas sales. Cashflow pressures are immediate and compounding,” Ojulari stated.

by NewsOnline Nigeria
October 3, 2025
in Economy And Business, Top Stories
0
NNPCL

NNPCL

NNPCL has reveaed how PENGASSAN strike cut Nigeria’s oil output by 283,000 barrels per day.

NewsOnline Nigeria reports that the Nigerian National Petroleum Company Limited (NNPCL) has disclosed that the recent nationwide strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) caused a sharp decline in Nigeria’s oil and gas production, with ripple effects on power supply.

According to NNPCL, the industrial action led to an immediate reduction of about 283,000 barrels of crude oil per day representing roughly 16% of national output alongside a drop of 1.7 billion standard cubic feet per day in gas production, which in turn knocked out over 1,200 megawatts of power generation.

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In a letter dated September 29, 2025, addressed to regulators, NNPCL’s Group Chief Executive Officer, Bayo Ojulari, warned that the disruptions had resulted in “significant production deferments” and projected heavy revenue losses from missed crude liftings and reduced gas sales.

“Significant revenue losses are projected at current deferment levels, driven by missed liftings and gas sales. Cashflow pressures are immediate and compounding,” Ojulari stated.

He added that while NNPCL had activated business continuity plans, deploying non-union staff to manage operations where possible, the impact extended beyond the Dangote Refinery and posed “systemic risks” to the wider economy, personnel safety, and national energy security.

“Within the first 24 hours of the strike, production deferments stood at approximately 283 kbopd of oil, 1.7 bscfd of gas, and over 1,200 MW of power generation impaction,” Ojulari explained.

NNPCL has continued engagement with operating partners and stakeholders to strengthen security and emergency response protocols, while warning that prolonged industrial action could escalate risks to Nigeria’s overall energy stability.

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