The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the country met its Organisation of the Petroleum Exporting Countries (OPEC) quota of 1.5 million barrels per day (mbpd) for a third month in July 2026.
NUPRC, in its Crude Oil and Condensate Production February to July 2026 report showed that 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.
The report however showed that although Nigeria met its OPEC quota in the month of July, production fell by four per cent on a month-on-month basis, compared to the 1.735mbpd total crude and condensate output recorded in June, 2026.
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.
NUPRC said July output fell by four percent month-on-month because of operational challenges at Erha and Akpo, and described production at most other assets as “relatively stable.”
(Ripples)
