…Daily production peaks at 1.84 million barrels
Nigeria maintained crude oil production above its Organisation of Petroleum Exporting Countries (OPEC) quota for the fifth consecutive month in September, recording an average output of 1.53 million barrels per day (bpd).
Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the September output, excluding condensates, represented 102 per cent of Nigeria’s OPEC quota of 1.5 million barrels per day.
The figures indicate that the country has sustained production at or above its assigned quota since May, despite persistent challenges in the oil sector.
Crude oil production averaged 1.53 million barrels per day in May before rising to 1.55 million bpd in June. Output subsequently declined to 1.51 million bpd in July and 1.5 million bpd in August before recovering to 1.53 million bpd in September.
The commission also reported that combined crude oil and condensate production averaged 1,717,030 barrels per day in September, representing a 2.34 per cent increase from the previous month.
According to the NUPRC data, daily production peaked at 1.84 million barrels during the month, while the lowest recorded daily output stood at 1.68 million barrels.
The improved performance was attributed primarily to stable operations across most producing assets and the absence of major pipeline outages during the period.
The commission said operational stability helped improve production uptime and the efficiency of crude oil evacuation, contributing to the sustained increase in output.
It added that the September figures reflected ongoing efforts by operators and other industry stakeholders to improve operational efficiency, maintain asset integrity and strengthen production reliability across Nigeria’s upstream petroleum sector.
A breakdown of daily average crude oil and condensate production by terminal showed that Forcados Terminal recorded the highest output at 320,320 barrels per day, followed by Bonny Terminal with 303,270 barrels per day.
The latest figures highlight Nigeria’s recent production recovery, with crude oil output remaining at or above its OPEC quota for five consecutive months.
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