Nigeria’s Crude Oil Production Rises 0.4% In August, Meets OPEC Quota

Nigeria’s crude oil and condensate production rose marginally by 0.4 per cent in August 2026 to an average of 1.678 million barrels per day (bpd), with the country meeting its Organisation of the Petroleum Exporting Countries (OPEC) quota for the fourth consecutive month.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), in a statement by its Head of Media and Corporate Communications, Eniola Akinkuotu, said total daily production increased to 1,677,777 barrels per day in August from the July level.

Excluding condensates, however, Nigeria’s crude oil production stood at 1,500,190 barrels per day during the month, according to the regulator.

The NUPRC attributed the improvement largely to the resolution of operational challenges associated with the Single Buoy Mooring (SBM) at the Erha field, which had affected production in the previous month.

It said the restoration of normal production and evacuation operations at the facility contributed significantly to the overall increase recorded in August.

Daily combined crude oil and condensate production fluctuated between 1.64 million barrels per day and 1.71 million barrels per day during the month.

Bonny Terminal emerged as the country’s leading production stream, recording an average daily output of 320.04 thousand barrels per day (kbpd), followed by Forcados Terminal with 317.40 kbpd.

Qua Iboe Terminal recorded an average daily production of 171.72 kbpd of crude oil and condensates, while Escravos Oil Terminal accounted for 131.71 kbpd.

Bonga ranked fifth among the leading producing terminals, with an average output of 92.50 kbpd of crude oil during the period.

The NUPRC said production activities across most other producing assets remained relatively stable in August, as operators continued efforts to improve production efficiency, maintain asset integrity and reduce operational disruptions.