Nigeria Meets OPEC Oil Quota for Sixth Straight Month
MONTREAL (Oil Monster): Nigeria produced an average of 1.69 million barrels per day (bpd) of crude oil and condensates in October 2026, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Crude-only production averaged 1.51 million bpd, meeting the country's OPEC quota for the sixth consecutive month.
- Total crude and condensate output: 1.69 million bpd.
- Crude-only production: 1.51 million bpd.
- OPEC quota: 1.50 million bpd.
- Six consecutive months meeting the production quota.
Crude Production Remains Above OPEC Quota
Nigeria's daily crude oil and condensate production peaked at 1.79 million barrels in October and fell to a monthly low of 1.60 million barrels.
Excluding condensates, crude output averaged 1.51 million bpd, slightly above the 1.50 million bpd OPEC quota. This marked the sixth consecutive month that Nigeria met its assigned production level.
The NUPRC attributed the sustained performance to more stable operations, improved production uptime and greater efficiency in crude oil evacuation.
Also Read: Nigeria Refineries Receive 127 Million Barrels of Domestic Crude in Nine Months
Forcados and Bonny Lead October Production
Forcados recorded the highest average crude oil and condensate output at 318,490 bpd, followed closely by Bonny at 311,020 bpd, according to the regulator.
Qua Iboe produced 173,970 bpd, while Escravos averaged 134,670 bpd. Bonga ranked fifth at 106,650 bpd.
OilMonster Industry Edge | Output Stability vs. Growth
Nigeria maintained production above its OPEC quota in October, but crude-only output slipped from 1.53 million bpd in September to 1.51 million bpd. The decline highlights an important distinction: consistently meeting the quota does not necessarily mean production is growing.
Continued operational reliability and efficient crude transportation will remain important to sustaining output.
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Courtesy: www.cnbcafrica.com