Nigeria’s daily average crude oil production in February declined by about five percent from what was produced in January.
This is according to data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC).
The data showed that Nigeria’s daily average crude oil production for February 2025 was 1,465,006 barrels per day, a decline from 1,538,697 bpd in January.
The February production falls short of the country’s OPEC quota of 1.5 Mbps.
“The average crude oil production was 98% of OPEC quota (1.5 Mbps),” NUPRC noted in the report.
Further details of the report show that the country recorded a peak production of 1.7 Mbps in February, and the lowest was 1.6 Mbps.
These figures include condensates, which OPEC does not include in its calculations of crude oil production.
“The daily average production in February was 1,671,953 barrels per day, comprising of both Crude oil (1,465,006 bopd) and condensate (206,948 bopd),” NUPRC noted in the report.
The data further shows that Nigeria recorded a total production of 41,020,155 barrels of crude oil in February, with 1,599,693 barrels and 4,194,849 barrels of blended and unblended condensates, respectively.
This is less than the output in January, when the total production of crude oil was 47,699,593 barrels, excluding 1,910,213 barrels and 4,252,071 barrels in blended and unblended condensates.
The top-performing terminals or streams, according to the NUPRC report were BONNY, BRASS, QUA IBOE, FORCADOS, ESCRAVOS, ODUDU, and TULJA-OKWUIBOME.
The NUPRC report showed that Forcados Terminal had the highest oil output with the production of 7.75 million barrels in February. The terminal produced 8.86 million barrels in January.
It was followed by the Bonny terminal, which produced 6.3 million barrels in the month under review. The Bonny terminal recorded 8.1 million barrels in January.
Qua Iboe produced 4.28 million barrels in February, a decline from the 4.6 million barrels it produced in January.
The Escravos terminal produced 3.87 million barrels in February, while it produced 4.48 million barrels in January.
Obudu terminal had 2 million barrels in February, dropping from 2.3 million barrels in January.
Tulja–Okwuibome recorded 1.89 million barrels in February, a decline from 2.26 million barrels in January.
The figures above include both crude oil and condensate
An earlier report by Reuters indicated that Nigeria produced above its OPEC quota in February.
OPEC is, however, yet to publish its Monthly Oil Market report for February.
