Nigeria’s Oil Production Rises to 1.35m barrels/day, Highest In 2023 – Report

The Nigerian Upstream Petroleum Regulatory Commission’s report has shown that the nation’s crude oil output rose to an all-time high of 1.35 million barrels per day in September 2023, the highest volume so far since this year.

The report released on Wednesday by NUPRC stated that the output in September was about 14 percent higher than what it pumped in the preceding month of August 2023.

Data from the commission indicated that in September, Nigeria’s crude oil production (excluding condensates) was precisely 1,346,562 barrels per day, which was a 165,429bpd increase when compared to the 1,181,133bpd produced in August this year.

It further indicated that in January, February and March, the country’s oil outputs were 1,266,659bpd; 1,292,240bpd; and 1,266,737bpd respectively.

In the months of April, May, June and July, Nigeria produced 1,004,392bpd; 1,189,332bpd; 1,260,928bpd; and 1,089,089bpd respectively.

The above crude oil production figures therefore showed that Nigeria’s oil production in September was the highest output so far recorded by the country this year.