In strict crude oil terms, excluding condensate, the country produced an average of 1,500,190 barrels per day during the month, meeting its OPEC quota for the fourth consecutive month, according to the Nigerian Upstream Regulatory Commission (NUPRC).
The NUPRC disclosed this in a statement issued on Sunday by its Head, Media and Corporate Communications, Eniola Akinkuotu, adding that daily combined production during August ranged from a low of 1.64 million barrels per day to a high of 1.71 million barrels per day.
A breakdown of average daily crude oil and condensate production by terminals and streams showed that Bonny Terminal recorded the highest output during the month, with 320.04 thousand barrels per day.
Forcados Terminal followed closely with an average production of 317.40 thousand barrels per day.
Qua Iboe Terminal recorded 171.72 thousand barrels per day of crude oil and condensates, while Escravos Oil Terminal posted an average daily output of 131.71 thousand barrels.
Bonga ranked fifth among the leading producing streams, recording an average output of 92.50 thousand barrels of crude oil per day.
The Commission attributed the modest improvement in August production largely to the resolution of operational challenges involving the Single Buoy Mooring (SBM) at the Erha field, which had adversely affected production performance in the preceding month.
It said the restoration of normal evacuation and production operations at the asset contributed positively to overall production volumes during the period under review.
Production activities across most other producing assets remained relatively stable, with operators sustaining measures aimed at optimising production efficiency, maintaining asset integrity and minimising operational disruptions.
Routine production and crude evacuation operations were generally sustained across the industry, supporting the improvement recorded in overall output.
The NUPRC said the increase, though modest, reflected the industry’s continued efforts to address operational bottlenecks and restore affected production capacity.
It added that stakeholders remained focused on enhancing asset reliability, improving operational resilience and advancing intervention programmes to support sustained production growth in the coming months.
According to the Commission, the August performance highlights the importance of timely resolution of operational constraints and effective asset management in safeguarding Nigeria’s crude oil production capacity.
It also stressed the need for continued collaboration among industry stakeholders to improve operational efficiency and strengthen the resilience of the country’s upstream oil sector.
