Nigeria Meets OPEC Quota for Third Straight Month, Produces 1.67mbpd in July—NUPRC

Nigeria met its OPEC production quota for the third straight month in July, producing a combined 1.67 million barrels per day (mbpd) of crude oil and condensate, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said on Wednesday.

NUPRC data showed crude oil output averaged 1.505mbpd in July, while condensate added 0.17mbpd, taking the combined daily average to 1.67mbpd. The regulator said peak daily production reached 1.78mbpd and the lowest daily output was 1.57mbpd during the month.

“Despite some operational problems at a few fields, Nigeria met the OPEC quota of 1.5mbpd in July,” a NUPRC spokesperson said. The commission noted, however, that overall production fell 4% compared with June.

The NUPRC attributed the month-on-month decline mainly to operational challenges at the Erha and Akpo fields. “Disruptions at Erha and Akpo constrained volumes and were a significant factor in the production shortfall for the month,” the spokesperson said.

The regulator added that most other producing assets remained stable. “Operators implemented measures to maintain production efficiency and to minimise the impact of the disruptions,” the NUPRC said.