Nigeria’s Oil Production Falls 1.7% to 1.51mb/d in October 2026

By Adedapo Adesanya

Nigeria’s crude oil production fell slightly to 1.51 million barrels per day in October 2026, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The figure represents a 1.7 per cent decline from the 1.53 million barrels per day recorded in September.

Despite the drop, Nigeria maintained production above its quota of 1.5 million barrels per day as mandated by the Organisation of the Petroleum Exporting Countries (OPEC) for the sixth consecutive month in 2026.

OPEC data showed that Nigeria produced 1.5 million barrels per day in August, 1.50 million barrels per day in July, 1.55 million barrels per day in June and 1.53 million barrels per day in May.

When condensates are included, Nigeria’s daily average production stood at 1.68 million barrels in October.

OPEC doesn’t account for condensates in its production count.

NUPRC data also showed that daily production peaked at 1.79 million barrels during the month, while the lowest output was 1.60 million barrels per day.

The commission attributed the relatively stable production levels in recent months to improved operational stability, production uptime and crude evacuation efficiency.

“The sustained growth recorded in October 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,” the commission said.

A breakdown of daily average crude oil and condensate production by terminals and streams showed that Forcados terminal recorded the highest output at 318,490 barrels per day,  followed by Bonny terminal with 311,020 barrels per day.

According to the NUPRC, Qua Iboe terminal recorded an average production of 173,970 barrels per day, while Escravos oil terminal posted a daily average of 134,670 barrels per day.

The commission added that Bonga ranked as the fifth-highest producing terminal, “recording an average of 106,650 bpd of crude oil and condensate”.