Oil production reaches 307m barrels in six months – FG
Nigeria produced about 307 million barrels of crude oil and condensate between March and August, averaging 1.67 million barrels per day, says NUPRC. Read More: https://punchng.com/oil-production-reaches-307m-barrels-in-six-months-fg/
From March to August 2026, Nigeria's crude oil and condensate production totaled approximately 307 million barrels, according to data from the Nigerian Upstream Petroleum Regulatory Commission. The country's combined production averaged about 1.67 million barrels per day throughout the six-month period, with output increasing steadily from March to June before slightly declining in July and August.
March saw the lowest production at 1.56 million barrels per day, while June recorded the highest daily production at 1.74 million barrels. Production remained above March levels in July and August, with crude oil accounting for about 1.50 million barrels per day on average and condensate contributing around 180,000 barrels per day.
On an annualized basis, this would equate to over 600 million barrels if sustained for a full year. Nigeria's reliance on crude oil production for foreign exchange earnings and government revenue is underscored by these production figures. Despite challenges such as crude theft, pipeline vandalism, and operational disruptions, Nigeria continues to work on increasing output and maximizing revenue from its petroleum resources.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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