- Nigeria’s daily average crude oil production declined by five per cent in February
- Nigeria produced 41 million barrels of crude oil in February
- The top-performing terminals or streams in February include Bonny, Brass, Qua Iboe, Forcados, Escravos, Odudu, and Tulja – Okwuibome
Nigeria’s daily average crude oil production declined by about five per cent in February 2025 to 1,465,006 barrels per day (bpd) from the 1,538,697 bpd recorded in January.
In January 2025, Nigeria exceeded OPEC’s production quota of 1.5 million bpd, as its oil production, including crude and condensate, increased to 1.74 million bpd from 1.6 million bpd in December 2024.
According to data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s oil production in February was 1,671,953 bpd comprising both crude oil (1,465,006 bopd) and condensate (206,948 bopd).
The data indicated that the February crude oil production was 98 per cent of the Organisation of Petroleum Exporting Countries’ (OPEC) quota of 1.5 million bpd for Nigeria, as OPEC does not include condensates in its calculations.
“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).
“The average crude oil production was 98% of OPEC quota (1.5 Mbps),” the NUPRC stated.
The report also noted that Nigeria recorded a peak production of 1.7 mbps in February, and the lowest was 1.6 mbps.
Nigeria produced 41 million barrels of crude oil in February
The data further showed that Nigeria recorded a total production of 41,020,155 barrels of crude oil in February, with 1,599,693 barrels of blended and 4,194,849 barrels of unblended condensates.
The figure is also below 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, respectively.
Top-performing oil terminals/streams in February
The report noted that the top-performing terminals or streams in February, producing both crude oil and condensates, include Bonny, Brass, Qua Iboe, Forcados, Escravos, Odudu, and Tulja – Okwuibome.
It stated that Forcados terminal had the highest oil output of 7.75 million barrels in February, a decline compared to the 8.86 million barrels it produced in January.
Forcados is followed by the Bonny terminal, which produced 6.3 million barrels in February from 8.1 million barrels recorded 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.
Nigeria can achieve 2.06 million bpd oil production target in 2025 – Lokpobiri
Meanwhile, TheRadar earlier reported that the Minister of State for Petroleum (Oil), Heineken Lokpobori, said Nigeria can achieve its target of 2.06 million barrels per day (bpd) of crude oil production in 2025.
Lokpobori said this at the Nigeria Petroleum Industry Leadership Discourse, with the theme, ‘Nigeria’s Oil Production Growth Roadmap Acceleration Imperatives,’ organised by Heirs Energies Limited, on Thursday, February 20, in Abuja.
