NNPC Saves $3.4bn Via Contract Optimisation, Records 569.7 Mbbls Crude, 2,576 Bscf Gas In 1 Year

The Nigerian National Petroleum Company Limited achieved a 3.4 billion dollar cost reduction through contract restructuring and operational optimisation. The state oil firm also reported a six percent rise in crude oil production and an eight point one percent increase in gas output over the past year.