Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day in the month of June 2026, representing positive growth for the 4th consecutive month.
According to the crude statistics released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Sunday, crude oil production hit 1. 56 million barrels per day (mbpd) in June, while condensates accounted for 0.18mbpd.
With this level of production, Nigeria met 104 per cent of the 1.5mbpd crude oil production quota set for it by OPEC.
The report noted that the production of 1.56 million daily average, excluding condensates, which Nigeria witnessed in June, was the highest recorded by Nigeria since April 2020.
This, it said, represented a 74-month high.
“In June, the peak combined crude oil and condensate production was 1.89 mbpd, reflecting Nigeria’s potential to reach 2 mbpd in the near term.
“However, the lowest production was 1.57 mbpd for the period in review.
“The statistics shows that Nigeria has maintained an upward trajectory, increasing from 1.483 mbpd in February to 1.546 mbpd in March, 1.663 mbpd in April, 1.700 mbpd in May, and 1.735 mbpd in June.
“This represents a 2.2 per cent growth month on month.
The report added that improvement in performance was primarily driven by stable production operations across most producing assets and the absence of any major pipeline outages during the period under review.
It said that the enhanced operational stability supported improved production uptime and crude evacuation efficiency.
“The sustained growth recorded in June reflects the continued commitment of operators and industry stakeholders towards improving operational efficiency, maintaining asset integrity, and enhancing production reliability across the Nigerian upstream petroleum sector.
“A breakdown of the daily average crude oil and condensate production by terminals/streams during the review month shows that Bonny Terminal accounted for 318.28 kbpd, up from 293.88 kbpd recorded in May 2026.
“Forcados Terminal followed with 306.36 kbpd, an increase from 289.90 kbpd in May 2026,” the report said.
It showed that Qua Iboe Terminal recorded an average production of 164.73 kbpd of crude oil and condensates, down from 173.36 kbpd in May 2026.
It further revealed that Escravos Oil Terminal posted a daily average of 138.03 kbpd, up from 135.47 kbpd recorded in May 2026.
According to the report, Bonga ranked as the fifth-highest producing terminal, recording an average of 103.66 kbpd of crude oil, compared to 102.54 kbpd delivered in May 2026.
GIK/APA