Nigeria’s average crude oil and condensate production fell to 1.68 million barrels per day (bpd) in October from 1.72 million bpd in September, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Crude oil production alone declined to 1.51 million bpd from 1.53 million bpd, but remained above the country’s OPEC quota of 1.5 million bpd.
October marked the sixth consecutive month in which Nigeria met or exceeded that quota. OPEC data showed output of 1.50 million bpd in both August and July, 1.55 million bpd in June and 1.53 million bpd in May.
Daily crude oil and condensate production ranged from 1.60 million to 1.79 million barrels during October, the NUPRC said.
The commission attributed relatively stable output in recent months to improved operational stability, production uptime and crude evacuation efficiency.
A breakdown by terminals and production streams showed Forcados recorded the highest average crude oil and condensate output at 318,490 bpd, followed by Bonny at 311,020 bpd.
Qua Iboe averaged 173,970 bpd, while Escravos produced 134,670 bpd. Bonga ranked fifth with average output of 106,650 bpd, the commission said.
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