Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported that Nigeria’s crude oil production declined by 1.7 per cent to an average of 1.51 million barrels per day in October 2026, down from 1.53 million barrels per day recorded in September.
Gatekeepers News reports that despite the decline, the country maintained production above its Organisation of the Petroleum Exporting Countries (OPEC) quota of 1.5 million barrels per day for the sixth consecutive month.
The latest figures showed that Nigeria produced 101 per cent of its OPEC-assigned crude oil production quota during the month under review.
However, when condensates are included, the country’s average daily production stood at approximately 1.68 million barrels, compared with 1.72 million barrels recorded in September.
The NUPRC data further revealed that daily production reached a peak of 1.79 million barrels, while the lowest output recorded during the month was 1.60 million barrels per day.
A breakdown of production by terminals showed that Forcados recorded the highest daily average output of 318,490 barrels, followed by Bonny Terminal with 311,020 barrels.
Qua Iboe Terminal accounted for 173,970 barrels per day, while Escravos recorded 134,670 barrels. Bonga ranked fifth with an average production of 106,650 barrels per day, including crude oil and condensates.
The commission attributed the relatively stable production levels in recent months to improved operational stability, increased production uptime and more efficient crude oil evacuation.
It added that the October performance reflected ongoing efforts by operators and industry stakeholders to improve operational efficiency, maintain oil assets and strengthen production reliability across the upstream petroleum sector.
Nigeria’s ability to sustain crude oil production above its OPEC quota remains significant to the country’s revenue generation, foreign exchange earnings and broader economic performance.
