Nigeria has for the third consecutive month met and exceeded its OPEC quota of 1.5mbpd, latest statistics from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have revealed.
In the month of July 2026, Nigeria produced 1.505mbpd of crude oil and 0.17mbpd of condensate, bringing the combined daily production to 1.67mbpd.
In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd while the lowest daily production was 1.57mbpd.
A breakdown of the daily average crude oil and condensate production by terminals/streams during the review month shows that Forcados Terminal accounted for 322.34kbpd while Bonny Terminal accounted for 303.72kbpd.
Similarly, Qua Iboe Terminal recorded an average production of 158.02kbpd of crude oil and condensates while Escravos Oil Terminal posted a daily average of 131.41kbpd.
Bonga ranked as the fifth highest producing terminal, recording an average of 100.23kbpd of crude oil.
Although Nigeria met its OPEC quota in the month of July, the statistics show that on a month on month basis, production fell by four per cent.
The NUPRC attributed the decline in production to operational challenges experienced at the Erha and Akpo fields, which impacted production output during the period under review.
These disruptions constrained production volumes and contributed significantly to the overall reduction in national crude oil output.
Despite the challenges encountered, production operations across other producing assets remained relatively stable, with operators implementing measures aimed at maintaining production efficiency and minimizing the impact of operational constraints.
Routine production activities and crude evacuation operations were largely sustained across the sector.
The NUPRC said the July outcome underscores the importance of proactive asset management, operational resilience, and timely intervention in mitigating production disruptions within the Nigerian upstream petroleum industry.
(The Whistler)