Nigeria exceeds OPEC crude oil quota for third straight month

By Onu Okorie

Nigeria has exceeded its Organization of the Petroleum Exporting Countries OPEC crude oil production quota for the third consecutive month, recording average daily production of 1.505 million barrels of crude oil in July 2026, according to data released by the Nigerian Upstream Petroleum Regulatory Commission NUPRC.
The commission said Nigeria also produced 0.17 million barrels per day of condensate during the month, bringing total daily crude oil and condensate output to 1.67 million barrels.
The country’s OPEC production quota stands at 1.5 million barrels per day. July marked the third consecutive month that Nigeria met and surpassed that target.
According to the NUPRC, peak daily production during the month reached 1.78 million barrels per day, while the lowest daily production was 1.57 million barrels per day.
Terminal-by-terminal data showed that Forcados remained the highest-producing stream, contributing an average of 322,340 barrels per day. Bonny Terminal followed with 303,720 barrels per day, while Qua Iboe recorded 158,020 barrels per day. Escravos Oil Terminal posted an average daily output of 131,410 barrels, and Bonga ranked fifth with 100,230 barrels per day.
Despite surpassing its OPEC quota, Nigeria’s production declined by 4% compared with the previous month, the regulator said.
The NUPRC attributed the reduction to operational challenges at the Erha and Akpo fields, which affected production volumes during the review period. The commission said the disruptions significantly constrained output and contributed to the overall decline in national crude oil production.
However, production operations across most other oil assets remained relatively stable, with operators implementing measures to sustain efficiency and limit the impact of operational constraints. Routine production and crude evacuation activities continued across the industry, according to the regulator.
The commission added that industry stakeholders are working to resolve the operational issues, restore affected production capacity and improve asset reliability to support stronger performance in the coming months. The July production figures highlight the importance of effective asset management and timely intervention in maintaining output levels in Nigeria’s upstream petroleum sector.