Wisdom Engraced
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Nigeria’s crude oil production experienced a 5% decline in February 2025, dropping to an average of 1.67 million barrels per day (bopd) from 1.73 million bopd in January 2025. This decrease was primarily attributed to the maintenance of the Transmission Nigeria pipeline to Bonny terminal, as well as a fire outbreak at one of the production evacuation points of NNPC Ltd.
According to an unauthorised source at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), “The decline was majorly due to pipeline maintenance (at one of the segments of the Trans Niger pipeline going to Bonny Terminal) and a fire outbreak at one of the production evacuation points of NNPC Ltd.”
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The NUPRC’s monthly production data for February revealed that the country’s average crude oil production was 98% of the 1.5 million bopd Organisation of Petroleum Exporting Countries (OPEC) quota. The daily average production in February was 1,671,953 barrels per day, comprising both crude oil (1,465,006 bopd) and condensate (206,948 bopd).
In February, Nigeria produced 57,132 bopd of blended condensate and 149,816 bopd of unblended condensate. This decline follows a successful January, where Nigeria exceeded the OPEC quota by 3% with a production of 1.73 bopd.
The NUPRC document titled “Crude Oil and Condensate Production January 2025” revealed that the lowest and peak production in January were 1.66 million bopd and 1.79 million bopd, respectively. The daily average production in January was 1,737,680 barrels per day, comprising both crude oil (1,538,697 bopd) and condensate (198,738 bopd).
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In December 2024, Nigeria met the crude oil production quota of OPEC by 98.97%. The cartel’s average daily quota for the month was 1.5 million barrels per day (mb/d) of crude oil. However, the country’s output was 1.48 mb/d of crude oil, 49,276 bpd of blended condensed, and 133,699 blended condensate, totalling 1.66 mb/d.
The NUPRC’s “Oil Production Status Report” for December 2024 stated, “The average crude oil production was 98.97% of OPEC quota (1.5 mbpd).”
Insecurity in the Nigerian Delta continues to culminate in oil theft and vandalism, which also hamper crude oil production. The NUPRC’s report highlights the need for continued efforts to address these challenges and maintain stability in the oil-producing regions.
As Nigeria strives to meet its OPEC quota and maintain a stable oil production level, the government and relevant stakeholders must work together to address the underlying issues affecting the industry.
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