Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day in June, representing positive growth for a fourth consecutive month.

According to crude statistics released by the Nigerian Upstream Petroleum Regulatory Commission on Sunday, crude oil production hit 1.56 million barrels per day in the month under review.

The report showed that 0.18mbpd of condensate was produced.

This means Nigeria met 104 per cent of the Organisation of Petroleum Exporting Countries’ 1.5mbpd crude oil production quota.

The report showed that in strict crude oil terms (excluding condensates), the 1.56 million daily average production Nigeria witnessed in June is the highest that Africa’s biggest oil producer has recorded since April 2020.

This, it said, represented a 74-month high.

“In June, the peak combined crude oil and condensate production was 1.89mbpd, reflecting Nigeria’s potential to reach 2mbpd in the near term. However, the lowest production was 1.57mbpd for the period in review.

“The statistics show that Nigeria has maintained an upward trajectory, increasing from 1.483 mbpd in February to 1.546mbpd in March, 1.663mbpd in April, 1.700mbpd in May, and 1.735mbpd in June. This represents a 2.2 per cent growth month on month,” the report disclosed.

The report said the improved 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 the enhanced operational stability supported improved production uptime and crude evacuation efficiency, and that although a limited number of assets experienced short-duration operational shutdowns, the overall impact on national production was minimal.

In addition, scheduled turnaround maintenance activities were effectively managed and completed without significant disruption to production operations, according to the report.

“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 318.28kbpd, up from 293.88kbpd recorded in May 2026. Forcados Terminal followed with 306.36kbpd, an increase from 289.90kbpd in May 2026,” it explained.

It showed that Qua Iboe Terminal recorded an average production of 164.73kbpd of crude oil and condensates, down from 173.36kbpd in May 2026.

It further revealed that Escravos Oil Terminal posted a daily average of 138.03kbpd, up from 135.47kbpd 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 with 102.54kbpd in May 2026.

(NAN)