Nigeria’s oil output hits six-month high in July

Nigeria’s crude oil production rose to its highest level in six months in July, signalling a steady recovery after early-year declines, according to the latest data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Africa’s top oil producer pumped 1.507 million barrels per day (bpd) in July, slightly higher than the 1.505 million bpd recorded in June. The figures mean Nigeria has exceeded its Organisation of the Petroleum Exporting Countries (OPEC) quota for the second consecutive month.

Including condensates, total liquid hydrocarbon output reached 1.712 million bpd. NUPRC noted that combined crude and condensate production in July peaked at 1.84 million bpd, with the lowest level recorded at 1.66 million bpd.“The daily average production in July was 1,712,282 barrels per day, comprising crude oil (1,507,418 bpd) and condensate (204,864 bpd),” the report said.

Earlier this month, NUPRC Chief Executive Gbenga Komolafe said Nigeria’s oil production exceeded 1.8 million bpd in July, crediting the rise to the Commission’s Project 1 MMBOPD Incremental initiative, which seeks to boost output through a multi-stakeholder collaborative approach.

“We are pleased to report that we achieved a peak production of 1.8 million bpd last month, with an average rate of 1.78 million bpd,” Komolafe said.

He added that the Commission is optimising the Maximum Efficient Rate (MER) framework, improving produced water management, and aligning shutdown and maintenance schedules to minimise disruptions.

“With these efforts, the presidential mandate on production increase is well within reach,” Komolafe said.