By Abiodun Folarin
WorldStage— Nigeria’s average crude oil and condensate production rose to 1.68 million barrels per day (mbpd) in October 2026, according to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The Commission’s report showed that daily production peaked at 1.79 million barrels per day (bpd), while the lowest output recorded during the month stood at 1.60 million bpd.
Nigeria also met its Organisation of the Petroleum Exporting Countries (OPEC) crude oil production quota for the sixth consecutive month, despite a 1.7 per cent month-on-month decline in total crude oil and condensate output in October.
Excluding condensates, Nigeria’s average crude oil production stood at 1.51 million bpd, representing approximately 101 per cent of its OPEC production quota of 1.5 million bpd.
The October performance extended Nigeria’s six-month record of meeting its OPEC quota, with crude oil production (excluding condensates) standing at 1.53 million bpd in May, 1.55 million bpd in June, 1.51 million bpd in July, 1.50 million bpd in August, 1.53 million bpd in September and 1.51 million bpd in October.
Despite maintaining production above its OPEC allocation, total crude oil and condensate output declined by 1.7 per cent compared with September.
The NUPRC attributed the relatively stable production performance in recent months to improved operational stability, higher production uptime and enhanced crude evacuation efficiency across the upstream petroleum sector.
According to the Commission, the October performance reflects the continued commitment of operators and industry stakeholders to improving operational efficiency, maintaining asset integrity and strengthening production reliability.
A breakdown of daily average crude oil and condensate production by terminals and streams showed that Forcados Terminal led production with 318.49 thousand bpd, followed by Bonny Terminal with 311.02 thousand bpd.
Qua Iboe Terminal recorded an average of 173.97 thousand bpd, while Escravos Oil Terminal accounted for 134.67 thousand bpd.
Bonga ranked fifth among the leading producing terminals and streams, with an average daily output of 106.65 thousand bpd during the month.
