Nigeria's Oil Output Rises to 3.04 Million Boepd

Nigeria’s state-owned oil and gas company, NNPC, reported a slight increase in total oil and gas production for September, reaching 3.04 million barrels of oil equivalent per day (boepd), up from 3.01 million boepd in August.

The rise in production was partly due to the restart of operations at the Obodo oilfield in mining license OML 150, according to NNPC’s latest monthly report.

Revenues for September totaled $3.4 billion, matching the levels seen in previous months after March, when international oil prices spiked due to the Iran war and the Strait of Hormuz crisis.

Despite the production increase, NNPC noted that output remained limited by various challenges, including unplanned downtime, facility reliability issues, subsurface problems, flowline leaks, community protests, equipment failures, and disruptions to export infrastructure.

In May, Nigeria’s crude oil output reached a 15-month high of 1.53 million barrels per day, the highest level since January 2025, as the country now meets its OPEC+ production ceiling.

Combined with 170,446 barrels per day of condensate output, Nigeria’s total crude and condensate production reached an 11-month high of 1.7 million barrels per day in May, the last time it exceeded this level was in July 2025.

Nigeria has faced difficulties in meeting its OPEC+ quota due to sabotage and oil theft in the Niger Delta, but recent efforts to combat these issues have led to improved production levels.