Nigeria meets 104% of OPEC Quota as Production Soars - Africa’s premier report on the oil, gas and energy landscape.

Nigeria meets 104% of OPEC Quota as Production Soars

PRESS RELEASE/NUPRC

By Eniola Akinkuotu

Crude oil production rises to 74-month high

Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day (BPD) in the month of June 2026, representing positive growth for a fourth consecutive month.

In the month under review, crude oil production hit 1.56Million Barrels of Oil Per Day (MMBOPD) while 180,000BPD of condensates was produced.

This means Nigeria met 104% of the 1.5MMBOPD crude oil production quota set by the Organisation and Petroleum Exporting Countries (OPEC).

In strict crude oil terms (excluding condensates), the 1.56Million daily average production Nigeria witnessed in June is the highest that Africa’s biggest oil producer has recorded since April 2020, thus representing a 74-month high.

In June, the peak combined crude oil and condensate production was 1.89MMBPD*, reflecting Nigeria’s potential to reach 2MMBPD in the near term. However, the lowest production was 1.57MMBPD for the period in review.

The statistics shows that Nigeria has maintained an upward trajectory, increasing from 1.483MMBPD in February to 1.546MMBPD in March, 1.663MMBPD in April, 1.700MMBPD in May, and 1.735MMBPD in June, representing a 2.2% growth month on month.

The improved performance was primarily driven by stable production operations across most producing assets and the absence of any major pipeline outages during the period under review. This enhanced operational stability supported improved production uptime and crude evacuation efficiency.

Although a limited number of assets experienced short-duration operational shutdowns, the overall impact on national production was minimal. In addition, scheduled turnaround maintenance activities were effectively managed and completed without significant disruption to production operations.

The sustained growth recorded in June reflects the continued commitment of operators and industry stakeholders towards improving operational efficiency, maintaining asset integrity, and enhancing production reliability across the Nigerian upstream petroleum sector.

A breakdown of the daily average crude oil and condensate production by terminals/streams during the review month shows that Bonny Terminal accounted for 318,280BOPD, up from 293,88BOPD recorded in May 2026, while Forcados Terminal followed with 306,360BOPD, an increase from 289,900BOPD in May 2026.

Qua Iboe Terminal recorded an average production of 164,730BOPD of crude oil and condensates, down from 173,360BOPD in May 2026, while Escravos Oil Terminal posted a daily average of 138,030BOPD, up from 135,470BOPD  recorded in May 2026.

Bonga ranked as the fifth-highest producing terminal, recording an average of 103,660BOPD of crude oil, compared to 102,540BOPD delivered in May 2026.

*Peak production in any month refers to the production in any of the 30 or 31 days of the month, that is higher than output in any other day The figures published for a month are the average of all the daily outputs.

Eniola Akinkuotu is the Head, Media and Corporate Communications at the Nigeria Upstream Petroleum Regulatory Commission (NUPRC).

Share Article


Sponsored

No comments yet.

Leave a comment

Comment form

All fields marked (*) are required

© 2026 Festac News Press Ltd..