Nigeria produced an average of 1.51 million barrels of crude oil per day in October 2026, exceeding its Organisation of the Petroleum Exporting Countries (OPEC) production quota of 1.5 million barrels per day for the sixth consecutive month.
The latest figures released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday, November 11, showed that crude oil production, excluding condensates, represented 101% of Nigeria’s OPEC allocation.
However, the country’s crude oil output declined by 1.7% month-on-month, according to the commission, indicating a slight moderation in production despite maintaining compliance with its international production target.
When condensates are included, Nigeria recorded average daily production of 1,687,710 barrels in October, compared with 1.51 million barrels per day for crude oil alone.
The NUPRC also reported that combined daily production peaked at 1.79 million barrels during the month, while the lowest recorded output stood at 1.60 million barrels.
Nigeria’s six-month production streak began in May 2026, when crude oil output averaged 1.53 million barrels per day.
Production increased to 1.55 million barrels per day in June before declining to 1.51 million barrels in July and 1.50 million barrels in August. Output subsequently recovered to 1.53 million barrels per day in September before easing to 1.51 million barrels in October.
The commission attributed the relatively stable production performance to improved operational stability, higher production uptime and more efficient crude oil evacuation.
A breakdown of production by terminals and streams showed that Forcados Terminal recorded the highest average daily output of crude oil and condensates in October, with 318,490 barrels per day.
Bonny Terminal followed with 311,020 barrels per day, while Qua Iboe Terminal recorded 173,970 barrels per day.
Escravos Oil Terminal contributed 134,670 barrels per day, while Bonga ranked fifth with an average output of 106,650 barrels per day.
The figures show that Nigeria has sustained its production above the OPEC benchmark for six consecutive months, although the October decline highlights the importance of maintaining production growth and improving operational efficiency.
Sustaining the performance will remain important to Nigeria’s oil revenue and foreign exchange earnings, given the country’s continued dependence on crude oil exports.
