Nigeria’s crude oil production dropped by 1.7 per cent to 1.51 million barrels per day in October 2026, from 1.53 million barrels recorded in September, the Nigerian Upstream Petroleum Regulatory Commission has said.
Despite the decline, the country maintained production above its Organisation of Petroleum Exporting Countries quota of 1.5 million barrels per day for the sixth consecutive month.
Data released by the NUPRC showed that Nigeria’s October output represented a slight setback in its efforts to sustain growth in the upstream petroleum sector.
However, when condensates were included, the country’s average daily production rose to 1.68 million barrels during the period.
The commission’s figures further showed that daily production peaked at 1.79 million barrels, while the lowest output recorded in October was 1.60 million barrels per day.
The NUPRC attributed the relatively stable production levels in recent months to improved operational stability, increased production uptime and more efficient crude oil evacuation.
It said the performance reflected the commitment of oil industry operators and other stakeholders to improving efficiency and maintaining production reliability.
“The sustained growth recorded in October reflects the continued commitment of operators and industry stakeholders towards improving operational efficiency, maintaining asset integrity, and enhancing production reliability across the Nigerian upstream petroleum sector,” the commission said.
A breakdown of production by terminals and crude streams showed that Forcados recorded the highest output, averaging 318,490 barrels per day.
Bonny terminal followed with 311,020 barrels per day, while Qua Iboe recorded an average of 173,970 barrels per day.
Escravos oil terminal produced 134,670 barrels per day, while Bonga ranked fifth, with an average of 106,650 barrels per day of crude oil and condensates.
The latest figures highlight the challenge of sustaining higher crude oil production as Nigeria seeks to strengthen its oil revenue and meet its production targets.
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