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From Adanna Nnamani, Abuja
Nigeria has sustained compliance with its Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota for six consecutive months, producing an average of 1.51 million barrels per day (mbpd) in October 2026.
The figures were contained in a statement issued by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and signed by its Head of Media and Corporate Communications, Eniola Akinkuotu on Wednesday.
Data from the commission showed that the country’s October crude oil output, excluding condensates, represented 101 per cent of its OPEC-assigned quota of 1.5mbpd.
The performance extends Nigeria’s run of meeting its production target, having recorded 1.53mbpd in May, 1.55mbpd in June, 1.51mbpd in July, 1.5mbpd in August and 1.53mbpd in September. However, production declined by 1.7 per cent month-on-month in October.
When condensates are included, Nigeria’s total crude oil and condensate production averaged 1,687,710 barrels per day during the month.
The data further showed that daily production peaked at 1.79 million barrels per day, while the lowest output stood at 1.60 million barrels per day.
The NUPRC attributed the relatively stable production performance in recent months to improved operational stability, higher production uptime and enhanced crude evacuation efficiency. The commission said the October performance reflected the continued commitment of operators and industry stakeholders to improving operational efficiency, maintaining asset integrity and strengthening production reliability across the upstream petroleum sector.
A breakdown of production by terminals and streams showed that Forcados Terminal recorded the highest daily average output of 318.49 thousand barrels per day (kbpd), followed by Bonny Terminal with 311.02kbpd.
Qua Iboe Terminal accounted for 173.97kbpd, while Escravos Oil Terminal recorded 134.67kbpd.
Bonga ranked as the fifth-highest producing terminal, with an average daily output of 106.65kbpd of crude oil and condensates.
