Nigeria’s crude oil production has climbed to its highest level in over six years, hitting 1.56 million barrels per day in June and surpassing the country’s OPEC quota by four per cent.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in a statement signed by its Head of Media and Corporate Communications, Eniola Akinkuotu.
Combined with condensates, total output averaged 1,735,398 barrels per day for the month — the fourth straight month of growth, according to the commission.
Crude oil alone accounted for 1.56 million barrels daily, with condensates making up the remaining 180,000 barrels per day. That crude figure puts Nigeria at 104 per cent of its 1.5 million-barrel OPEC quota.
NUPRC said the 1.56 million bpd average is Nigeria’s best since April 2020, marking a 74-month high for Africa’s largest oil producer when condensates are excluded from the count.
Output peaked at 1.89 million barrels per day combined during the month, while the lowest daily figure recorded was 1.57 million barrels.
The commission said the peak numbers show Nigeria is within reach of its two-million-barrel-per-day target.
NUPRC credited the gains to steady operations across most producing assets and the absence of major pipeline disruptions during the period, which it said boosted production uptime and improved the efficiency of crude oil evacuation.
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