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Nigeria Hits 1.67mbpd, Meets OPEC Quota For Third Straight Month

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Nigeria has sustained its compliance with its Organisation of Petroleum Exporting Countries (OPEC) production quota for the third consecutive month, recording a combined crude oil and condensate output of 1.67 million barrels per day (mbpd) in July 2026.

Latest figures released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the country produced an average of 1.505mbpd of crude oil and 0.17mbpd of condensate during the month, exceeding its 1.5mbpd OPEC quota.

The feat, however, came against the backdrop of a 4 per cent month-on-month decline in production, with operational challenges at the Erha and Akpo fields blamed for the drop.

According to the NUPRC, Nigeria’s combined crude oil and condensate production peaked at 1.78mbpd during July, while the lowest daily output stood at 1.57mbpd.

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The commission said the disruptions at Erha and Akpo had a significant impact on national output, constraining production volumes during the period.

“Although Nigeria met its OPEC quota in the month of July, the statistics show that on a month-on-month basis, production fell by 4 per cent,” the commission said.

The NUPRC explained that the decline was “attributed to operational challenges experienced at the Erha and Akpo fields, which impacted production output during the period under review.”

Despite the setbacks, the commission said production activities across other oil-producing assets remained relatively stable, with operators taking steps to sustain efficiency and limit the impact of the disruptions.

Routine production and crude evacuation operations were also largely maintained across the upstream sector, according to the regulator.

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A breakdown of production by terminals and streams showed Forcados Terminal leading the pack with an average daily output of 322.34 thousand barrels per day (kbpd), followed by Bonny Terminal with 303.72kbpd.

Qua Iboe Terminal recorded 158.02kbpd, while Escravos Oil Terminal posted an average daily production of 131.41kbpd.

Bonga ranked fifth among the leading producing streams, with an average output of 100.23kbpd of crude oil.

The NUPRC said industry operators and stakeholders were now focused on resolving the identified operational challenges, restoring affected production capacity and improving the reliability of upstream assets.

The commission stressed that the July figures highlighted the need for stronger asset management and faster intervention whenever production disruptions occur.

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It said operational resilience and timely intervention remained critical to sustaining Nigeria’s production gains and ensuring that the country continues to meet its OPEC commitments.

The NUPRC further noted that stakeholders remained committed to improving production performance in the coming months despite the operational challenges that weighed on July output.

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