Nigeria exceeded its crude oil production quota set by the Organisation of the Petroleum Exporting Countries (OPEC) in June, pumping an average of 1.56 million barrels per day (mbpd), its highest crude output since April 2020.
The June output exceeded OPEC’s 1.5mbpd crude oil production quota by four per cent, representing 104 per cent of the target.
Combined with condensate production of about 0.18mbpd, Nigeria’s total daily oil output rose to an average of 1.735 million barrels.
According to a statement released yesterday by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and signed by its Head of Media and Corporate Communications, Eniola Akinkuotu, the June crude production marked a 74-month high, underscoring sustained improvements in the country’s oil sector.
The commission said Nigeria’s combined crude oil and condensate production has now increased for four consecutive months, rising from 1.483mbpd in February to 1.546mbpd in March, 1.663mbpd in April, 1.700mbpd in May, and 1.735mbpd in June, representing a 2.2 per cent month-on-month increase.
It attributed the improved performance to stable production operations across most oil-producing assets and the absence of major pipeline outages during the review period, which enhanced production uptime and crude evacuation efficiency.
Although a few producing assets experienced brief operational shutdowns, the commission said their impact on national output was minimal. It added that scheduled maintenance activities were completed without significant disruption to production.
According to the NUPRC, the sustained increase reflects the commitment of operators and industry stakeholders to improving operational efficiency, maintaining asset integrity and enhancing production reliability across the upstream petroleum sector.
The commission also noted that Nigeria’s combined crude oil and condensate production peaked at 1.89mbpd in June, highlighting the country’s potential to achieve 2 million barrels per day in the near future. The lowest daily production recorded during the month was 1.57mbpd.
A breakdown of production by terminals showed that Bonny Terminal recorded the highest average daily output at 318,280 barrels, up from 293,880 barrels in May. Forcados Terminal followed with 306,360 barrels per day, compared with 289,900 barrels the previous month.
Qua Iboe Terminal produced an average of 164,730 barrels per day, down from 173,360 barrels in May, while Escravos Terminal recorded 138,030 barrels per day, slightly higher than the 135,470 barrels posted in May.
Bonga Terminal ranked fifth, with an average daily production of 103,660 barrels, compared with 102,540 barrels recorded in the preceding month.