Nigeria's crude oil output has now met its OPEC production quota for four consecutive months, yet actual production remains short of the level assumed in the Federal Government's 2026 budget, keeping pressure on projected oil revenues.
The Nigerian Upstream Petroleum Regulatory Commission reported that total crude oil and condensate production averaged 1,677,777 barrels per day in August 2026, a 0.4 percent rise from July. Excluding condensates, crude output stood at 1,500,190 barrels per day, matching the country's OPEC benchmark.
In a statement issued on Sunday by Eniola Akinkuotu, NUPRC's Head of Media and Corporate Communications, the regulator said the performance reflects ongoing efforts to improve operational efficiency and restore lost production capacity.
Daily production of crude oil and condensates ranged between 1.64 million and 1.71 million barrels per day during the review period. Bonny Terminal remained the largest producing stream at 320.04 thousand barrels per day, followed by Forcados Terminal at 317.40 thousand barrels per day. Qua Iboe recorded 171.72 thousand barrels per day, Escravos posted 131.71 thousand barrels per day, and the offshore Bonga field contributed 92.50 thousand barrels per day.
NUPRC linked the modest output improvement mainly to the resolution of operational challenges affecting the Single Buoy Mooring system at the Erha field, which had constrained production in July. The commission noted that restoring normal production and evacuation at the asset supported overall growth.
"While the increase recorded in August was modest, it reflects the industry's continued efforts to address operational bottlenecks and restore affected production capacity. Stakeholders remain focused on enhancing asset reliability, improving operational resilience and advancing intervention programs to support sustained production growth in the coming months," the commission stated.
The regulator added that production activities across most oil assets remained stable, supported by measures aimed at improving operational efficiency, maintaining infrastructure integrity and minimising disruptions to crude evacuation.
