Nigeria produced an average of 1.687 million barrels per day of crude oil and condensate in October 2026, meeting its OPEC quota for the sixth consecutive month.

Data released on Wednesday by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed the figure. In strict crude oil terms — excluding condensate — production averaged 1.51 million barrels per day for the month.

That is 101 per cent of the 1.5 million bpd quota assigned to Nigeria by OPEC.

What did the daily figures show?

Production was not flat through the month. Single-day output peaked at 1.79 million barrels, while the lowest daily figure came in at 1.60 million bpd.

The spread between the month's best and worst days — roughly 190,000 barrels — points to residual volatility in evacuation and loading operations, even as the headline average held above target.

Month on month, however, total production dipped by 1.7 per cent.

How long has the streak run?

The crude-only data shows Nigeria has now met its assigned OPEC quota for six straight months:

• May: 1.53 million bpd
• June: 1.55 million bpd
• July: 1.51 million bpd
• August: 1.50 million bpd
• September: 1.53 million bpd
• October: 1.51 million bpd

The run marks a shift from the years of underperformance that preceded it, when pipeline vandalism and crude theft routinely kept output well below quota.

What is driving the stability?

The NUPRC attributed the stable performance in recent months to enhanced operational stability, supported by improved production uptime and crude evacuation efficiency.

The regulator said the sustained growth recorded in October reflects the continued commitment of operators and industry stakeholders towards improving operational efficiency, maintaining asset integrity, and enhancing production reliability across the Nigerian upstream petroleum sector.

Higher uptime means fewer shut-ins at wellheads and terminals. More efficient crude evacuation means barrels move from field to export point faster, cutting the loading bottlenecks that previously eroded monthly averages.

Which terminals led output?

A breakdown of daily average crude and condensate production by terminal for October shows a familiar hierarchy:

• Forcados Terminal: 318,490 bpd — the country's largest stream
• Bonny Terminal: 311,020 bpd, in second place
• Qua Iboe Terminal: 173,970 bpd
• Escravos Oil Terminal: 134,670 bpd
• Bonga: 106,650 bpd, the fifth-highest producer

Forcados and Bonny together accounted for roughly 629,500 bpd — close to two-fifths of the combined crude and condensate total, underscoring how concentrated Nigeria's output remains in its two flagship export terminals.

For a country whose fiscal arithmetic leans heavily on oil receipts, six months at or above quota is the story. October's 1.7 per cent dip is the caveat.