Nigeria’s crude oil output rose to an all-time high of 1.35 million barrels per day in September 2023, as the country pumped its highest volume of crude oil so far since this year.
Latest figures obtained from the Nigerian Upstream Petroleum Regulatory Commission, on Wednesday, showed that the country’s output in September was about 14 per cent higher than what it pumped in the preceding month of August 2023.
Data from the commission indicated that in September, Nigeria’s crude oil production (excluding condensates) was precisely 1,346,562 barrels per day, which was a 165,429bpd increase when compared to the 1,181,133bpd produced in August this year.
Further analysis of figures obtained from the NUPRC indicated that in January, February and March, the country’s oil outputs were 1,266,659bpd; 1,292,240bpd; and 1,266,737bpd respectively.
In the months of April, May, June and July, Nigeria produced 1,004,392bpd; 1,189,332bpd; 1,260,928bpd; and 1,089,089bpd respectively.
The above crude oil production figures therefore showed that Nigeria’s oil production in September was the highest output so far recorded by the country this year.