Oil Production Hits 1.2mbpd In December

The Nigerian Upstream Petroleum Regulatory Commission has said that crude oil production in Nigeria rose to 1.235 million barrels per day in December 2022.

This is the highest output since March when the country produced 1.237mbpd.

Figures obtained from the commission showed that oil production increased from 1.185mbpd in November to 1.235mbpd in December.

Crude oil production in Nigeria had crashed to as low as 0.937mbpd in September last year, which was the lowest output recorded in Nigeria in several years.

The crash in oil production was attributed to the activities of pipeline vandals and oil thieves in the Niger Delta, a development that also made some international firms leave Nigeria.

Additional figures from the NUPRC showed that crude oil production, without blended or unblended condensates, in January, February, March, April, May and June, were 1.398mbpd, 1.257mbpd, 1.237mbpd, 1.219mbpd, 1.024mbpd and 1.158mbpd respectively.

For the months of July, August, September, October, November and December, the oil production figures were 1.08mbpd, 0.972mbpd, 0.937mbpd, 1.014mbpd, 1.185mbpd and 1.235mbpd respectively.