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Nigeria’s Oil Output Nears 307m Barrels in Six Months
Business

Nigeria’s Oil Output Nears 307m Barrels in Six Months

By yawa9ja
September 24, 2026 2 Min Read
0

Nigeria’s petroleum production remained above 1.5 million barrels per day throughout the six months to August, with crude oil and condensate output reaching almost 307 million barrels.

Data from the Nigerian Upstream Petroleum Regulatory Commission showed that combined production averaged about 1.67 million barrels daily between March and August 2026.

The figures point to a notable recovery after Nigeria started the period with a lower production level. Output picked up steadily through June before losing some momentum in the following two months.

In March, the country recorded an average of 1.56 million barrels per day. That gave total production of approximately 48.49 million barrels.

April brought a stronger performance, with daily output rising to 1.66 million barrels. Nigeria produced about 49.90 million barrels during the month.

Production crossed the 1.7 million barrels-per-day mark in May. The average stood at 1.70 million barrels, translating to roughly 52.72 million barrels.

The strongest daily output came in June. Production reached 1.74 million barrels per day, which amounted to approximately 52.06 million barrels for the month.

The improvement did not continue at the same pace. Daily production dropped to 1.67 million barrels in July, resulting in an estimated 51.80 million barrels.

August recorded a slight recovery, with output edging up to 1.68 million barrels per day. Monthly production stood at about 52.01 million barrels.

Altogether, Nigeria produced an estimated 306.99 million barrels of crude and condensate during the six-month period.

The June performance represented an increase of about 171,298 barrels per day compared with March. Despite the subsequent decline, July and August production remained higher than the March level.

Crude oil accounted for most of the output. Average crude production stood at about 1.50 million barrels per day, while condensate contributed approximately 180,000 barrels daily.

Maintaining the six-month average for a full year would result in annual production of more than 600 million barrels.

The production data also showed Nigeria’s average crude output at approximately 1.50 million barrels per day, matching its stated OPEC production quota.

Higher production remains important to Nigeria because crude oil continues to contribute significantly to government revenue and foreign exchange earnings.

The latest figures come as authorities continue efforts to address problems that have restricted upstream production. These include crude theft, pipeline vandalism, operational challenges and disruptions affecting oil facilities.

The NUPRC continues to track production from operators and fields as Nigeria works to increase output and generate more value from its petroleum resources.

While the six-month figures show an improvement from March, the data also indicate that maintaining higher production levels remains a key challenge, with output easing after the June peak.

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