Nigeria Achieves Highest Crude Oil Production in 2023 at 1.35 Million Barrels per Day

In the ongoing battle against oil theft in the Niger Delta region, Nigeria’s crude oil production surged to an impressive 1.35 million barrels per day in September 2023, marking the highest output for the country this year.

Fresh statistics obtained from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday reveal that Nigeria’s oil production in September witnessed a remarkable 14% increase compared to August 2023.

On a year-on-year analysis, the September 2023 figure surpasses the previous year’s production by a substantial 412,000 barrels per day.

According to data provided by the NUPRC, Nigeria’s crude oil production in September, excluding condensates, reached a precise 1,346,562 barrels per day, demonstrating a substantial increase of 165,429 barrels per day compared to the 1,181,133 barrels per day produced in August of the same year.

A closer examination of the figures from NUPRC reveals that in the preceding months of January, February, and March, the country’s oil production stood at 1,266,659 barrels per day, 1,292,240 barrels per day, and 1,266,737 barrels per day, respectively.

Similarly, in April, May, June, and July, Nigeria’s crude oil production figures were 1,004,392 barrels per day, 1,189,332 barrels per day, 1,260,928 barrels per day, and 1,089,089 barrels per day, respectively.

This surge in crude oil production in September establishes it as the highest output achieved by Nigeria throughout the year.

It’s worth noting that just last month, the Nigerian National Petroleum Company Limited estimated that the country loses a staggering $700 million every month due to the vandalism of crude oil facilities, emphasizing the significance of ongoing efforts to safeguard this vital economic resource.