Business is booming.

Nigeria exceeds OPEC quota, retains Africa’s lead as output hits 1.7mbpd

 

By Obiabin Onukwugha

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC), has disclosed that Nigeria’s oil production witnessed an upswing in May 2026, with total combined production hitting 1,700,800 barrels per day and consolidating the country’s position as Africa’s largest oil producer.

The Commission, in a statement by its Head, Media and Corporate Communications, Eniola Akinkuotu, on Thursday said the total output comprises 1,530,354 barrels of crude oil and 170,446 barrels of condensates per day.

It stated that the average crude oil production recorded during the month of May represents 102% of Nigeria’s 1.5mbpd of production quota allocated by the Organisation of the Petroleum Exporting Countries (OPEC).

It also disclosed that production performance during the review period remained robust, with combined crude oil and condensate output ranging between a low of 1.51 million bpd and a peak of 1.86 million bpd.

According to the statement, the May 2026 production figures represent the highest recorded by Nigeria since July 2025 when output surged to 1,712,282

“In strict crude oil terms (excluding condensates), the 1.53 million barrels recorded in May 2026 represents the highest Nigeria has witnessed since January 2025 when crude oil production hit 1.538mbpd.

“The latest crude oil production statistics thus represents a 15-month high
On a month on month basis, production rose by 2.77% in May 2026 as against 1.48mbpd in April,” the statement read.

The Commission stated that the broader production trend over the last five months has also remained positive. “Combined crude oil and condensate output increased from 1.48 million bpd in February to 1.54 million bpd in March, 1.66 million bpd in April, and then 1.7 million bpd in May, underscoring sustained growth in Nigeria’s hydrocarbon production levels,” the statement read.

Among production streams, the Commission stated, Bonny Terminal led the pack with a total blend of 293,870 bpd, closely followed by Forcados Terminal at 289,900 bpd. Qua Iboe ranked third with 173,360 bpd, while Escravos Oil Terminal contributed 135,470 bpd.

Odudu (Amenam Blend) completed the top five production streams, accounting for 63,250 bpd during the month under review.

The NUPRC attributed the rise in production to a sustained positive momentum as operations remained stable throughout the reporting period with no significant pipeline or facility outages recorded.

“Additionally, all previously scheduled turnaround maintenance activities had been successfully completed, contributing to improved operational reliability and production efficiency,” the statement added.

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