Nigeria produced an average of 1.687 million barrels of crude oil and condensate per day in October 2026, meeting its Organisation of the Petroleum Exporting Countries (OPEC) production quota for the sixth consecutive month.
Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday showed that crude oil production, excluding condensates, averaged 1.51 million barrels per day (mbpd), representing 101 per cent of Nigeria’s 1.5mbpd OPEC quota.
Daily production peaked at 1.79 million barrels, while the lowest output recorded during the month was 1.60 million barrels per day.
The October performance extended Nigeria’s six-month streak of meeting its OPEC production target, with crude oil output standing at 1.53mbpd in May, 1.55mbpd in June, 1.51mbpd in July, 1.5mbpd in August, 1.53mbpd in September and 1.51mbpd in October.
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However, production declined by 1.7 per cent compared with the previous month.
The NUPRC attributed the relatively stable output to improved operational stability, increased production uptime and enhanced crude oil evacuation efficiency.
The commission also highlighted the continued efforts of operators and industry stakeholders to improve operational efficiency, maintain asset integrity and strengthen production reliability across Nigeria’s upstream petroleum sector.
A breakdown of crude oil and condensate production by terminals showed that Forcados Terminal led with an average daily output of 318.49 thousand barrels per day (kbpd).
Bonny Terminal followed with 311.02kbpd, while Qua Iboe recorded 173.97kbpd.
Escravos Oil Terminal posted an average daily production of 134.67kbpd, while Bonga ranked fifth with 106.65kbpd.
