Nigeria’s crude oil production declined from 98% of the Organisation of Petroleum Exporting Countries (OPEC) quota of February 2025 to 93% of the quota in March 2025.
In its document titled: “Crude Oil and Condensate Production March 2025 on Friday. the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said in the month under review, “The average crude oil production was 93% of OPEC (1.5million barrels per day mbpd) quota.”
The document said Lowest and Peak combined crude oil and condensate production in March were 1.46million bopd and 1.76 bopd respectively.
NUPRC also noted the daily average production in March was 1,400,783 barrels per day of crude oil and condensate (202993 bopd).
The report did not state the cause of the decline in output but it may not be unconnected with the disruption of production in Rivers State in the month under review.
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The output had declined by 5 per cent in February 2025 to an average of 1.67million barrels per day (bopd) from an average of 1.73 million bopd in January 2025 due to the maintenance of the Transmission Nigeria pipeline to Bonny terminal.
An unauthorised source at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), who spoke with The Nation had said: “The decline was majorly due to pipeline maintenance (at one of the segments of Trans Niger pipeline going to Bonny Terminal) and fire outbreak at one of the production evacuation points of NNPC Ltd.
NUPRC has earlier released its monthly production data for February.