The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Nigeria’s crude oil production reached 1.5 million barrels per day in December 2024, a major milestone in the country’s quest to raise output significantly.
This new information from the upstream regulator aligns with a THISDAY report last week, quoting secondary sources, that Nigeria had finally met its Organisation of Petroleum Exporting Countries (OPEC) quota, a feat that took a four-year struggle to achieve.
“The average crude oil production was 98.97 per cent of OPEC quota, that is 1.5 million barrels per day,” a footnote on the December production data just released by the upstream petroleum commission, stated.
In all, the data showed that when crude oil and condensate, which is excluded from OPEC computation, were combined for the December output circle, Nigeria’s total average liquids volume hit 1.667 million barrels per day last month.
In December, the NUPRC figures further showed that the country’s peak production in any day within the month was 1.79 million bpd, while the lowest was 1.57 million bpd.
