Nigeria’s Crude Oil Production Hits New Heights
Nigeria’s crude oil and condensate production reached an average of 1,735,398 barrels per day in June 2026, marking the fourth consecutive month of growth. According to the latest data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), crude oil output for June stood at 1.56 million barrels per day (mbpd).
The report further detailed that condensate production contributed 0.18 mbpd, enabling Nigeria to exceed its Organization of the Petroleum Exporting Countries (OPEC) production quota by achieving 104% of the stipulated 1.5 million barrels per day target.
Significant Production Milestones Achieved
The average daily crude oil production recorded by Nigeria in June, excluding condensate, was the highest level achieved since April 2020. This statistic highlights a significant recovery for Africa’s largest oil producer, making it the best performance in 74 months.
In total, the combination of crude oil and condensate production peaked at 1.89 million barrels per day in June, suggesting Nigeria’s potential to reach the ambitious target of 2 million barrels per day soon. However, production dipped to its lowest point during this period at 1.57 million barrels per day.
Continuous Growth Trend Observed
Nigeria has consistently increased its production from 14.83 million barrels per day in February to 15.46 million in March, then 16.63 million in April, 1.7 million in May, and finally to 17.35 million barrels per day in June. This month-on-month growth rate stands at 2.2 percent, signifying a robust upward trend in oil production.
The report attributes this improved performance to stable operations at various production facilities, along with the absence of major pipeline outages in the reviewed period. Enhanced operational stability facilitated greater production uptime and increased crude oil discharge efficiency.
Operational Challenges and Strategies
While some production assets faced short-term operational outages, the overall impact on national output remained minimal. The report indicated that scheduled maintenance activities were effectively executed without major disruptions to production operations.
The sustained growth seen in June reflects the commitment of operators and stakeholders in the oil sector to enhance efficiency, maintain asset integrity, and improve production reliability across Nigeria’s upstream oil landscape.
Breakdown of Production by Terminal
A detailed breakdown of daily average production indicates that Bonny terminal led with 318.28 kilobars per day, an uptick from 293.88 kb/d in May 2026. The Forcados Terminal followed closely with 306.36 kb/d, up from 289.90 kb/d in the previous month.
Meanwhile, the Kua Iboe terminal recorded an average of 164.73 kb/d, a slight decline from the 173.36 kb/d noted in May. The Escravos terminal also saw an impressive performance with an average of 138.03 kb/d, exceeding May’s average of 135.47 kb/d.
Additional Insights into Industry Performance
Bonga, identified as the fifth-largest crude oil producer in Nigeria, delivered an average of 103.66 kb/d in June, showing a marginal increase from 102.54 kb/d in May 2026. These figures provide further evidence of Nigeria’s ongoing recovery and improved stability in its oil production sector.
