The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported Nigeria’s daily crude oil production output rose above 1 million barrels per day to an average of 1,014,485 barrels per day in October 2022.
The Commission gave these figures in the ‘October Crude Oil Production Report’ which showed that the last time Nigeria’s daily crude oil production output averaged more than 1 million barrels was in July, with 1,083,899 barrels per day.
The report further reflected that the country’s crude oil daily production for the month of August stood at 972K BPD while it declined to 937K BPD in September.
The NUPRC had earlier reported that the production output from 13 out of Nigeria’s 29 crude oil terminals substantially declined between July and September this year, thereby contributing to the low outputs from the terminal.
It attributed the ugly development partly to worsening incidents of pipelines vandalism and oil theft in the Niger Delta Region.
According to the commission, the worst-hit crude terminals were Bonny, Brass, and Forcados, which dipped their production output by 79%, 40.5%, and 96.5% during the period under review.
A further analysis of the NUPRC data on the terminals’ outputs indicated that out of the three terminals, Forcados terminal recorded the highest loss from over 3 million BPD in July to jus over 100, 000 BPD in September.
Also, Bonny terminal’s crude oil output stood at 799,294 BPD in July before decreasing to 749,463 in August and then 167,582 in September.
For the Brass terminal, the output totaled 290,227 BPD in July, 270,932 in August and 172,814 in September while Forcados production output totaled was 3,858,188 in July, 208,430 in August and 134,437 in September.
