Nigeria’s daily crude oil output rises above 1million BPD for first time in two months
Nigeria’s daily crude oil production output rose above 1 million barrels per day to an average of 1,014,485 BPD in October 2022.
This was disclosed in the October Crude Oil Production Report by the Nigerian Upstream Petroleum Regulatory Commission (UPRC).
The last time Nigeria’s crude oil production output averaged more than 1 million barrels per day was in July, with 1,083,899 BPD.
Summary of the report: The Nigerian Upstream Petroleum Regulatory Commission report cited that daily production for the month of October was 1,014,485 for the month of October, compared to 972K BPD in August, and 937K in September.
According to the NUPRC data, the worst-hit crude terminals are Bonny, Brass, and Forcados, which saw production output decline by 79%, 40.5%, and 96.5% during the period under review.
SOURCE: Nairametrics