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Nigeria Sustains OPEC Quota as Oil Output Rises to 1.68m bpd

Nigeria’s crude oil and condensate production increased slightly to 1,677,777 barrels per day in August 2026, up 0.4 per cent from the 1.67 million barrels per day recorded in July.

The latest figure means the country maintained compliance with its Organisation of Petroleum Exporting Countries production quota for the fourth consecutive month.

The Nigerian Upstream Petroleum Regulatory Commission disclosed the development in a statement issued on Sunday by its Head of Media and Corporate Communications, Eniola Akinkuotu.

According to the regulator, crude oil production excluding condensates averaged 1,500,190 barrels per day during the month.

The NUPRC attributed the improvement largely to the resolution of operational difficulties at the Single Buoy Mooring serving the Erha field, which had affected output in July.

With normal evacuation and production activities restored at the facility, the regulator said the development helped boost overall volumes in August.

Production levels across most other assets remained relatively stable, with operators continuing efforts to improve efficiency, maintain asset integrity and minimise disruptions.

Daily crude oil and condensate production ranged between 1.64 million barrels at its lowest point and 1.71 million barrels at its peak during August.

Bonny Terminal recorded the highest average output among the major terminals and streams, producing 320.04 thousand barrels per day. Forcados Terminal followed with 317.40 thousand barrels per day, while Qua Iboe averaged 171.72 thousand barrels per day.

Escravos recorded 131.71 thousand barrels per day, while Bonga posted an average of 92.50 thousand barrels per day.

August production was 6,777 barrels per day higher than the rounded July figure of 1,671,000 barrels per day. However, it remained 57,621 barrels per day below the 1,735,398 barrels per day recorded in June.

The NUPRC said continued intervention in operational challenges would be critical to maintaining production growth, noting that industry stakeholders were working to improve asset reliability and operational resilience.

The commission also stressed the need for timely interventions, effective asset management and stronger collaboration among industry operators to protect Nigeria’s production capacity.

Higher crude output remains important to the Federal Government’s efforts to increase oil revenue, strengthen foreign exchange earnings and keep Nigeria within its OPEC production allocation.