The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) data shows that Nigeria produced a total of 1.4 million barrels of crude oil per day.
The August data released shows that oil production was 1,181,133 barrels per day, while blended condensate production amounts to 49,306 barrels per day and unblended condensate production amounts to 184,225 barrels per day, bringing August oil production to a total of 1,414,664 barrels per day.
This figure was far different from the July production, which was 1,303,428 barrels per day of both crude oil and condensate.
According to the data for the month of August, the crude oil terminals in the country saw an increase, while some decreased.
In August, Bonny produced a total of 2.3 million barrels per day, which was an increase from 2.3 million barrels in July 2023. On the other hand, Brass recorded 868,654 barrels per day, which decreased from 987,114 bpd in July.
Also, Qua Iboe produced 4.6 million bpd in August, which showed an increase from the 4.1 million bpd in July. Forcados also recorded 4.4 million bpd, compared to 3.2 million bpd in July.
While Escravos produced 4.7 million bpd in August, showing a decrease of 4.8 million bpd in July.
Read more: https://www.investingport.com/nigerias-august-2023-oil-production-hits-14-million-bpd-nuprc-reports/
The August data released shows that oil production was 1,181,133 barrels per day, while blended condensate production amounts to 49,306 barrels per day and unblended condensate production amounts to 184,225 barrels per day, bringing August oil production to a total of 1,414,664 barrels per day.
This figure was far different from the July production, which was 1,303,428 barrels per day of both crude oil and condensate.
According to the data for the month of August, the crude oil terminals in the country saw an increase, while some decreased.
In August, Bonny produced a total of 2.3 million barrels per day, which was an increase from 2.3 million barrels in July 2023. On the other hand, Brass recorded 868,654 barrels per day, which decreased from 987,114 bpd in July.
Also, Qua Iboe produced 4.6 million bpd in August, which showed an increase from the 4.1 million bpd in July. Forcados also recorded 4.4 million bpd, compared to 3.2 million bpd in July.
While Escravos produced 4.7 million bpd in August, showing a decrease of 4.8 million bpd in July.
Other reviews on Nigeria's Oil production
Looking deep into oil production, Platts Survey reported that Nigeria's crude oil production for the month of August contributed to the boost in the nation's oil production from member countries of the Organization of Petroleum Exporting Countries (OPEC).Read more: https://www.investingport.com/nigerias-august-2023-oil-production-hits-14-million-bpd-nuprc-reports/