LAGOS, Aug 13 – Nigeria’s crude oil production averaged 1.505 million barrels per day in July, a 4% decline from June, after disruptions at the offshore Erha and Akpo fields reduced output, according to the country’s petroleum regulator.
When condensates are included, total production averaged 1.67 million barrels per day during the month. Production across other assets remained broadly stable, limiting the impact of the disruptions on overall national output.
Daily production fluctuated during July, reaching a peak of 1.78 million barrels per day and falling to a low of 1.57 million barrels per day, according to data from the Nigerian Upstream Petroleum Regulatory Commission.
The Forcados stream recorded the highest production during the month at 322,340 barrels per day. It was followed by the Bonny stream at 303,720 barrels per day and Qua Iboe at 158,020 barrels per day.
Escravos recorded production of 131,410 barrels per day, while the Bonga stream contributed 100,230 barrels per day.
The July decline highlights the continuing sensitivity of Nigeria’s crude production to operational disruptions at individual offshore assets. Maintaining output from major fields remains important for government revenues, export earnings and the country’s broader efforts to strengthen oil production.
Nigeria has been seeking to raise crude output as it works to maximise production from existing fields and attract additional investment into the upstream sector. The latest figures suggest that operational stability remains an important factor in determining whether those efforts translate into sustained increases in national production.
