Nigeria has maintained compliance with its crude oil production quota under the Organisation of the Petroleum Exporting Countries (OPEC) for six consecutive months, recording average production of 1.51 million barrels per day in October 2026.
Figures released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the country’s October crude oil output, excluding condensates, represented approximately 101 per cent of its OPEC-assigned production quota of 1.5 million barrels per day.
The performance extends Nigeria’s run of meeting its production target since May, when output stood at 1.53 million barrels per day.
Production subsequently averaged 1.55 million barrels per day in June, 1.51 million barrels per day in July, 1.50 million barrels per day in August and 1.53 million barrels per day in September, before easing to 1.51 million barrels per day in October.
Despite maintaining production above its quota, the latest figures indicate a 1.7 per cent month-on-month decline, suggesting that output moderated during the review period.
When condensates are included, Nigeria’s combined crude oil and condensate production averaged 1,687,710 barrels per day in October.
The data also showed that daily production reached a peak of 1.79 million barrels per day during the month, while the lowest recorded output was 1.60 million barrels per day.
The six-month performance represents an important development for Nigeria’s oil sector, given the country’s longstanding difficulties in consistently meeting its OPEC production allocation.
Sustained output levels are particularly important to government revenue, foreign exchange earnings and the country’s ability to strengthen its fiscal position, considering the strategic contribution of crude oil exports to the Nigerian economy.
However, the October decline highlights the need to sustain production growth and address operational constraints that could undermine output stability.
The figures were contained in a statement issued by the NUPRC and signed by its Head of Media and Corporate Communications, Eniola Akinkuotu.
While the latest performance places Nigeria above its assigned quota, maintaining the momentum will require continued attention to production infrastructure, operational efficiency and the security of oil and gas assets.
