Nigeria Produces 307m Barrels of Crude, Condensate in Six Months

Nigeria produced about 307 million barrels of crude oil and condensate between March and August 2026, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Combined output averaged about 1.67 million barrels per day (bpd) in the six-month period, with production rising steadily from March to June before easing in July and August.

Monthly output

March was the lowest-producing month. Nigeria recorded 1.56 million bpd, or about 48.49 million barrels. April output rose to 1.66 million bpd, about 49.90 million barrels. May followed with 1.70 million bpd, equal to about 52.72 million barrels.

June had the highest daily production rate. Combined crude oil and condensate output reached 1.74 million bpd. Using the 30 days in June, that amounted to about 52.06 million barrels.

Output then declined. July production was 1.67 million bpd, about 51.80 million barrels. August was marginally higher at 1.68 million bpd, or approximately 52.01 million barrels.

The monthly figures add up to about 306.99 million barrels of crude oil and condensate between March and August. The recovery from March to June was an increase of about 171,298 bpd. Even after the June peak, July and August stayed above the March level.

Crude, condensate split

Crude oil accounted for about 1.50 million bpd of the average production during the period. Condensate contributed approximately 180,000 bpd.

On an annualised basis, the average combined production rate of about 1.67 million bpd would translate to more than 600 million barrels if sustained for 12 months.

The data also showed that Nigeria's average crude oil production was in line with its stated OPEC quota of 1.50 million bpd, representing full compliance.

Why it matters

The figures matter for Nigeria because the government relies heavily on crude oil production for foreign exchange earnings and government revenue. The recovery came as the country continued efforts to raise oil production through measures aimed at tackling crude theft, pipeline vandalism, operational disruptions and other challenges affecting upstream output.

The NUPRC has continued to monitor production from oil fields and operators as Nigeria seeks to increase output and maximise revenue from its petroleum resources. Overall, the March to August figures showed sustained improvement compared with the March level, although output remained below the June peak in the final two months.