Nigeria’s Oil Production Drops by 4% to 1.505m bpd in July – NUPRC
Nigeria’s crude oil production declined by about four per cent month-on-month in July 2026, although the country exceeded its Organisation of Petroleum Exporting Countries quota for the third consecutive month.
Latest figures released by the Nigerian Upstream Petroleum Regulatory Commission showed that Nigeria produced an average of 1.505 million barrels per day (bpd) of crude oil in July, slightly above its OPEC quota of 1.5 million bpd.
When condensate production of approximately 170,000 bpd is included, total crude oil and condensate output averaged 1.67 million bpd during the month.
The July output, however, fell from the 1.735 million bpd recorded in June, representing a decline of about 65,000 bpd, or 3.75 per cent.
The NUPRC disclosed the figures in a statement issued on Wednesday by its Head of Media and Corporate Communications, Eniola Akinkuotu.
The commission said Nigeria had sustained production above its OPEC quota for three consecutive months, despite the decline recorded in July.
“Although Nigeria met its OPEC quota in the month of July, the statistics show that on a month-on-month basis, production fell by four per cent,” the commission stated.
According to the regulator, combined daily crude oil and condensate production fluctuated between 1.57 million bpd and 1.78 million bpd during the month, with an average of 1.67 million bpd.
The decline in July interrupted a steady rise in production recorded during the first six months of the year.
NUPRC data showed that combined crude and condensate output stood at 1.459 million bpd in January, rising to 1.483 million bpd in February, 1.564 million bpd in March, 1.663 million bpd in April, 1.701 million bpd in May and 1.735 million bpd in June.
Despite the month-on-month decline, July’s output remained about 211,000 bpd, or 14.5 per cent, higher than the January level.
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The NUPRC attributed the July decline mainly to operational challenges affecting production at the Erha and Akpo fields.
“These disruptions constrained production volumes and contributed significantly to the overall reduction in national crude oil output,” the commission said.
It noted, however, that production activities at other oil-producing assets remained relatively stable during the period, with operators implementing measures to sustain efficiency and minimise the impact of operational disruptions.
Routine production and crude evacuation activities were also largely maintained across the industry, according to the regulator.
The commission said operators and other industry stakeholders were working to resolve the challenges affecting the impacted facilities and restore lost production capacity.
“Industry stakeholders remain focused on addressing the identified operational issues, restoring affected production capacity and strengthening asset reliability to support improved performance in subsequent months,” it said.
The production breakdown showed that the Forcados stream recorded the highest average output among the terminals and streams listed by the commission, with 322.34 thousand barrels per day.
It was followed by Bonny Terminal with 303.72 thousand bpd, while Qua Iboe Terminal ranked third with 158.02 thousand bpd of crude oil and condensates.
Escravos Oil Terminal recorded 131.41 thousand bpd, while the Bonga stream produced an average of 100.23 thousand bpd.
The Federal Government and the NUPRC have continued to prioritise increased crude oil production as a means of strengthening government revenue, boosting foreign exchange earnings and attracting investment into Nigeria’s upstream petroleum sector.
By PRNigeria
