Nigeria’s Oil Production hits 1.35m bpd, Highest in 2023

By Adaobi Rhema Oguejiofor

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that Nigeria’s crude oil output rose to an all-time high of 1.35 million barrels per day in September 2023.

The latest figures obtained from the Commission, on Wednesday, showed that the country’s output in September was about 14 percent higher than what it pumped in the preceding month of August 2023.

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

Further analysis of the figures obtained 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 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.