Nigeria maintained compliance with its Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota for the sixth consecutive month in October 2026, despite a 1.7 per cent decline in combined crude oil and condensate output.
Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the country recorded an average daily production of 1.51 million barrels of crude oil in October, slightly above its OPEC quota of 1.5 million barrels per day.
The October performance extends Nigeria’s six-month record of meeting its assigned production target, following average crude oil output of 1.53 million barrels per day in May, 1.55 million in June, 1.51 million in July, 1.50 million in August and 1.53 million in September.
However, the latest figures indicate that the country’s production margin above its OPEC allocation remains narrow, with October output exceeding the quota by just 10,000 barrels per day.
When condensate is included, Nigeria’s total daily production stood at 1,687,710 barrels in October, compared with 1,717,030 barrels recorded in September.
The commission also reported that daily production fluctuated between a low of 1.60 million barrels and a peak of 1.79 million barrels during the month.
NUPRC attributed the relatively stable production performance in recent months to improved operational stability, higher production uptime and more efficient crude oil evacuation.
The regulator said the October performance reflected efforts by operators and other industry stakeholders to improve operational efficiency, maintain asset integrity and strengthen production reliability across the upstream petroleum sector.
A breakdown of production by terminal showed that Forcados recorded the highest daily average output of 318,490 barrels, followed by Bonny with 311,020 barrels.
Qua Iboe accounted for 173,970 barrels per day, while Escravos recorded 134,670 barrels. Bonga ranked fifth with an average daily production of 106,650 barrels.
The latest figures come as Nigeria continues to pursue higher crude oil production to strengthen export earnings, improve government revenue and support its economic recovery.
