Nigeria’s oil production dropped by 4% in July – NUPRC
Nigeria’s average daily oil production fell by four per cent in July, data from the Nigerian Upstream Regulatory Commission (NUPRC) has shown. According to the NUPRC, Nigeria produced 1.505 million barrels per day (bpd) of crude oil and 0.17 million bpd of condensate, bringing the combined daily production to 1.67 million bpd. The commission said […]
In July, Nigeria's oil production experienced a four percent decline, according to data from the Nigerian Upstream Regulatory Commission (NUPRC). The country produced 1.505 million barrels per day of crude oil and 0.17 million bpd of condensate, resulting in a combined daily output of 1.67 million bpd. The NUPRC reported that Nigeria met and surpassed its Organization of the Petroleum Exporting Countries (OPEC) quota of 1.5 million bpd for the third straight month.
During July, the peak production of crude oil and condensate reached 1.78 million bpd, while the lowest daily production stood at 1.57 million bpd. Despite meeting the OPEC quota, Nigeria's production declined by four percent on a month-to-month basis. The NUPRC cited operational challenges at the Erha and Akpo fields as the primary cause of the production decrease, which significantly reduced the overall national crude oil output.
Production operations at most other producing assets remained relatively stable, with operators taking steps to maintain efficiency and mitigate the impact of the operational constraints.
Written by urgent.news from Daily Trust's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Nigeria’s crude oil production down 4% in July — NUPRC premiumtimesng.com
- Nigeria’s oil production dropped 4% in July – NUPRC punchng.com
