Nigeria’s crude oil production rises to 74-month high, meets OPEC quota

Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day in June 2026, representing positive growth for a fourth consecutive month.

During the month under review, crude oil production reached 1.56 million barrels per day (mbpd), while 0.18 mbpd of condensates was produced, meaning Nigeria met 104% of the 1.5 mbpd crude oil production quota set by the Organisation of the Petroleum Exporting Countries (OPEC).

In strict crude oil terms (excluding condensates), the 1.56 million barrels per day recorded in June is the highest production level since April 2020, representing a 74-month high.

In June, peak combined crude oil and condensate production reached 1.89 mbpd, reflecting Nigeria’s potential to attain 2 mbpd in the near term, while the lowest production recorded during the period was 1.57 mbpd.

The statistics show that Nigeria has maintained an upward trajectory, increasing from 1.483 mbpd in February to 1.546 mbpd in March, 1.663 mbpd in April, 1.700 mbpd in May and 1.735 mbpd in June, representing a 2.2% month-on-month growth.

The improved performance was primarily driven by stable production operations across most producing assets and the absence of any major pipeline outages during the period under review, which enhanced operational stability, improved production uptime and increased crude evacuation efficiency.

Although a limited number of assets experienced short-duration operational shutdowns, the overall impact on national production was minimal. In addition, scheduled turnaround maintenance activities were effectively managed and completed without significant disruption to production operations.

The sustained growth recorded in June reflects the continued commitment of operators and industry stakeholders to improving operational efficiency, maintaining asset integrity and enhancing production reliability across Nigeria’s upstream petroleum sector.

A breakdown of the daily average crude oil and condensate production by terminals/streams during the review month shows that Bonny Terminal accounted for 318.28 kbpd, up from 293.88 kbpd recorded in May 2026, while Forcados Terminal followed with 306.36 kbpd, an increase from 289.90 kbpd in May 2026.

Qua Iboe Terminal recorded an average production of 164.73 kbpd of crude oil and condensates, down from 173.36 kbpd in May 2026, while Escravos Oil Terminal posted a daily average of 138.03 kbpd, up from 135.47 kbpd recorded in May 2026.

Bonga ranked as the fifth-highest producing terminal, recording an average of 103.66 kbpd of crude oil, compared with 102.54 kbpd recorded in May 2026.