Crude Oil Production Has Risen To 1.8mb/d — Ojulari
The Nigerian National Petroleum Company Limited, NNPCL, Thursday, said crude oil production rose to 1.8 million barrels per day in the last one month.
The Nigerian National Petroleum Company Limited, NNPCL, Thursday, said crude oil production rose to 1.8 million barrels per day in the last one month.
This was revealed by the Group Chief Executive Officer of the company, Bayo Ojulari, at the 2026 Association of Energy Correspondents of Nigeria, NAEC, Conference, with the theme, "Access To Assets: Empowering Players & Driving Growth," in Lagos.
Ojulari spoke through the Chief Communications Officer of the corporation, Andy Odeh, noting that Nigeria’s crude oil production rose to 1.821 million barrels per day, bpd, including condensates, reflecting improved regulations and upstream activities.
According to Ojulari, the approach has helped to improve the operating environment as well as accelerating activities across the upstream sector.
“Today, we are doing 1.821 million barrels per day..The country has recorded more than 80 per cent success in its efforts to improve production” he said.
Ojulari’s confirmation of an improved oil production is coming even as the Minister of State for Petroleum Resources, Oil, Heineken Lokpobiri, said
“Today, we are doing 1.821 million barrels per day..The country has recorded more than 80 per cent success in its efforts to improve production” he said.
Ojulari’s confirmation of an improved oil production is coming even as the Minister of State for Petroleum Resources, Oil, Heineken Lokpobiri, said
in Abuja at the fifth anniversary commemoration of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, that the increase was driven by improved collaboration between the government and industry stakeholders, as well as efforts to remove bottlenecks that had slowed investment.
Lokpobiri had also highlighted the increase in drilling activities, saying the number of active rigs had risen from fewer than 10 when the administration assumed office to over 70 currently.
According to Lokpobiri, the sustained drilling activities were critical to increasing production and achieving Nigeria’s target of raising crude output to about three million bpd.
According to him, Nigeria’s vast petroleum reserves would only translate into economic value if the government continued to create an enabling environment for investment and issued licences to investors with the requisite financial and technical capacity.
Nigeria produced 1, 677,777 barrels of crude oil and condensate per day in the month of August 2026, representing an increase of 0.4 per cent when compared to the month of July.
According to Lokpobiri, the sustained drilling activities were critical to increasing production and achieving Nigeria’s target of raising crude output to about three million bpd.
According to him, Nigeria’s vast petroleum reserves would only translate into economic value if the government continued to create an enabling environment for investment and issued licences to investors with the requisite financial and technical capacity.
Nigeria produced 1, 677,777 barrels of crude oil and condensate per day in the month of August 2026, representing an increase of 0.4 per cent when compared to the month of July.
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