Gatekeepers News reports that this is 3.5% and 5.71% higher than its oil production of 1.43mbpd and 1.40mbpd in May 2023 and June 2022 respectively.
However, the nation’s crude oil production still came short of the 2023 budget projection of 1.69mbpd for the year.
On a month-on-month basis, the Forcados terminal was the main driver of growth as the terminal produced the total crude oil and condensate production to 7.90mb in June 2023 from 7.01mb in May 2023.
The Bonny, Brass, Qua Iboe, Escravos, and Odudu terminals recorded crude oil and condensate production of 3.21 Mb, 1.14 MB, 3.79 MB, 4.48 MB, and 3.11 Mb in June 2023 compared with 3.73 Mb, 1.14 Mb, 4.10 MB, 4.78 MB, 3.29 MB and 1.13 MB in May 2023.
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