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Nigeria’s Crude, Condensate Output Hits 1.68mmbpd in August

Nse Anthony-Uko by Nse Anthony-Uko
2 months ago
in Business
Crude Oil 860x483 1
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…Meets OPEC quota for 4th straight month

Nigeria’s crude oil and condensate production rose to 1,677,770 barrels per day in August 2026, up by 0.4 per cent from July’s 1,670,890 barrels per day, according to figures released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The figures showed that excluding condensate, the country produced 1,500,190 barrels per day, meeting its OPEC quota of 1.5 million barrels per day for the fourth consecutive month.

Data from the Commission showed that daily crude oil and condensate production ranged between a low of 1.64 million barrels per day and a high of 1.71 million barrels per day during the month under review.

A six-month trend released alongside the August figures showed production rising from 1,564,100 barrels per day in March to a peak of 1,735,398 barrels per day in June, before dipping to 1,670,890 barrels per day in July and recovering slightly in August.

A breakdown by terminals and streams showed Bonny Terminal led production with an average of 320.04 thousand barrels per day, followed by Forcados Terminal with 317.40 thousand barrels per day. Qua Iboe Terminal recorded 171.72 thousand barrels per day, while Escravos Oil Terminal posted 131.71 thousand barrels per day. Bonga ranked fifth, with an average of 92.50 thousand barrels per day.

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The NUPRC attributed the improvement largely to the resolution of Single Buoy Mooring (SBM) operational challenges at the Erha field, which had affected production performance in July. It said the restoration of normal evacuation and production operations at the asset contributed positively to overall output during the period.

Production across most other assets remained relatively stable, the Commission said, with operators sustaining measures aimed at optimising efficiency, maintaining asset integrity and minimising disruptions. Routine production and crude evacuation operations were generally sustained across the industry, supporting the improvement in output.

While describing the August increase as modest, the NUPRC said it reflected the industry’s continued efforts to address operational bottlenecks and restore affected production capacity. Stakeholders, it added, remain focused on enhancing asset reliability, improving operational resilience and advancing intervention programmes to support sustained production growth in the coming months.

The Commission said the August performance underscored the importance of timely resolution of operational constraints, effective asset management and continued collaboration among industry stakeholders in safeguarding and improving Nigeria’s crude oil production capacity.

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Nse Anthony-Uko

Nse Anthony-Uko

Nse Anthony-Uko is a business and financial journalist with over two decades of experience covering Nigeria's financial system, economy, energy sector, corporate landscape, and global economic developments. Her expertise blends frontline journalism with editorial leadership and a strong grasp of financial market dynamics. She has earned multiple professional recognitions and was selected for the International Visitors Leadership Programme (IVLP) in the United States.

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