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Nigeria met and exceeded its Organisation of the Petroleum Exporting Countries (OPEC) quota for the third consecutive month in July 2026, despite a four per cent month-on-month decline in crude oil production.
Latest statistics released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that Nigeria produced an average of 1.505 million barrels per day (mbpd) of crude oil in July, while condensate production stood at 0.17mbpd.
The combined daily production of crude oil and condensate therefore stood at 1.67mbpd during the month, above Nigeria’s OPEC quota of 1.5mbpd.
The NUPRC data also showed that Nigeria’s peak daily production of crude oil and condensate stood at 1.78mbpd in July, while the lowest daily output was 1.57mbpd.
However, the commission attributed the month-on-month decline in production to operational challenges experienced at the Erha and Akpo fields during the period under review.
According to a statement issued by its spokesperson, Eniola Akinkuotu, NUPRC said the disruptions constrained production volumes and contributed significantly to the overall reduction in the country’s crude oil output.
Despite the challenges, the commission said production operations across other producing assets remained relatively stable, with operators implementing measures to maintain production efficiency and minimise the impact of the operational constraints.
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A breakdown of the daily average crude oil and condensate production by terminals and streams showed that Forcados Terminal recorded the highest output at 322.34 thousand barrels per day (kbpd).
Bonny Terminal followed with 303.72kbpd, while Qua Iboe Terminal recorded an average production of 158.02kbpd of crude oil and condensates.
Escravos Oil Terminal posted a daily average output of 131.41kbpd, while Bonga ranked as the fifth-highest producing stream, with an average of 100.23kbpd of crude oil.
The commission said routine production activities and crude evacuation operations were largely sustained across the sector despite the operational challenges recorded during the month.
The NUPRC further stated that industry stakeholders remained focused on addressing the identified operational issues, restoring affected production capacity and strengthening asset reliability to support improved performance in subsequent months.
“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 statement added.
