Nigeria Meets OPEC Quota as Oil Output Edges Up
Nigeria's oil production has seen a marginal increase of 0.4% in August 2026, reaching an average of 1.678 million barrels per day (bpd), surpassing its Organisation of Petroleum Exporting Countries (OPEC) quota for the fourth consecutive month.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported that total daily production rose from July's level to 1,677,777 barrels per day in August. Excluding condensates, crude oil production stood at 1,500,190 barrels per day during the same period.
The regulator attributed the August performance to the resolution of operational challenges associated with the Single Buoy Mooring (SBM) at the Erha field, which had affected production in the preceding month. Restoration of normal production and evacuation operations at the asset contributed positively to the country's overall output in August.
Nigeria's sustained compliance with its OPEC production quota comes as the Federal Government and the upstream regulator seek to raise national crude output and attract additional investment into the sector.