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Nigeria Produces 307m Barrels As Oil Output Rises To 1.74mbpd

 

Nigeria produced about 307 million barrels of crude oil and condensate between March and August 2026, with daily output rising to 1.74 million barrels per day (mbpd) in June.

Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that combined crude oil and condensate production averaged about 1.67mbpd during the six-month period.

Production stood at 1.56mbpd in March, translating to about 48.49 million barrels for the month.

Output increased to 1.66mbpd in April, resulting in approximately 49.90 million barrels, before rising further to 1.70mbpd in May, when production reached about 52.72 million barrels.

June recorded the highest daily production rate during the period at 1.74mbpd, equivalent to about 52.06 million barrels based on a 30-day month.

However, output declined slightly in July to 1.67mbpd, with production estimated at 51.80 million barrels.

Production rose marginally to 1.68mbpd in August, translating to approximately 52.01 million barrels.

In total, the NUPRC figures indicate that Nigeria produced about 306.99 million barrels of crude oil and condensate between March and August.

The data showed that crude oil accounted for about 1.50mbpd of average production during the period, while condensate contributed approximately 180,000 barrels per day.

The average combined production rate of 1.67mbpd would translate to more than 600 million barrels annually if sustained for 12 months.

Nigeria’s average crude oil production during the period was also around its stated Organisation of the Petroleum Exporting Countries (OPEC) quota of 1.50mbpd.

The increase in production comes as the country continues efforts to raise upstream output and address challenges affecting the sector, including crude theft, pipeline vandalism and operational disruptions.

Crude oil production remains a major source of foreign exchange earnings and government revenue for Nigeria.

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