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Nigeria Records Highest Crude Oil Production in Over Six Years, Exceeds OPEC Quota

Nigeria’s crude oil and condensate production rose to an average of 1.735 million barrels per day (bpd) in June 2026, marking the fourth consecutive month of production growth and the country’s strongest performance in more than six years.

The figures, released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), indicate that crude oil production averaged 1.56 million bpd, while condensate output stood at 180,000 bpd during the month under review.

The performance enabled Nigeria to surpass the 1.5 million bpd crude oil production quota allocated by the Organisation of the Petroleum Exporting Countries (OPEC), achieving approximately 104 per cent of its target.

According to the NUPRC, the June crude oil production level, the highest recorded since April 2020, represents a 74-month high, underscoring the country’s continued recovery and improved operational performance in the upstream petroleum sector.

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The commission disclosed that combined crude oil and condensate production peaked at 1.89 million bpd during the month, highlighting Nigeria’s capacity to attain the long-term target of 2 million bpd. The lowest daily production recorded in June was 1.57 million bpd.

Production data also revealed a sustained upward trend over the past five months. Average daily output increased from 1.483 million bpd in February to 1.546 million bpd in March, 1.663 million bpd in April, 1.700 million bpd in May, and 1.735 million bpd in June, representing a 2.2 per cent month-on-month increase.

The NUPRC attributed the improved performance to enhanced operational stability across major producing assets, the absence of significant pipeline disruptions, and efficient crude evacuation processes. It noted that while a few production assets experienced brief operational shutdowns, their impact on overall national output was minimal.

The commission further stated that scheduled turnaround maintenance activities were successfully executed without causing major production interruptions, reflecting the industry’s growing commitment to operational efficiency, asset integrity, and production reliability.

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A breakdown of production by export terminals showed that Bonny Terminal remained the country’s highest-producing terminal, recording an average of 318.28 thousand bpd, up from 293.88 thousand bpd in May. Forcados Terminal followed with 306.36 thousand bpd, an increase from 289.90 thousand bpd in the previous month.

Qua Iboe Terminal produced an average of 164.73 thousand bpd, slightly lower than the 173.36 thousand bpd recorded in May. Escravos Terminal posted 138.03 thousand bpd, compared to 135.47 thousand bpd in May, while Bonga Terminal ranked fifth with an average production of 103.66 thousand bpd, marginally higher than the 102.54 thousand bpd recorded in the preceding month.

The June production figures reinforce Nigeria’s steady progress toward increasing crude oil output, strengthening its position within OPEC, and advancing efforts to boost national revenue through improved upstream performance.

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