By Gloria Akudoro
Nigeria has produced a daily average of 1,687,710 million barrels of crude oil and condensate in the month of October 2026, meeting its OPEC Quota for six consecutive months.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed this on Wednesday in a data released by its Head of Media and Corporate Communications, Eniola Akinkuotu.
Data from NUPRC also shows that single day production hit a peak of 1.79 million barrels while the lowest for the month under review stood at 1.60 million bopd.
In strict crude oil terms (excluding condensate), Nigeria produced an average of 1.51m bopd in October. This constitutes 101 percent of the 1.5m bopd set by OPEC.
“The crude oil data (excluding condensate) shows that Nigeria has for six consecutive months met its assigned OPEC quota, producing 1.53mobpd in May; 1.55mobpd in June; 1.51mobpd in July; 1.5mobpd in August, 1.53mobpd in September and 1.51mobpd in October.
“On a month of month basis, however, production dipped by 1.7 percent,” the statement noted.
According to NUPRC, the stable performance in recent months, resulted from enhanced operational stability, supported improved production uptime and crude evacuation efficiency.
The sustained growth recorded in October 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 Forcados Terminal accounted for 318.49kbpd while Bonny comes second with 311.02 kbpd.
Qua Iboe Terminal recorded an average production of 173.97kbpd of crude oil and condensates while Escravos Oil Terminal posted a daily average of 134.67 kbpd.
Bonga ranked as the fifth highest producing terminal, recording an average of 106.65 kbpd of crude oil and condensate.
