Nigeria's crude oil and condensate production experienced a downward trend for three consecutive months, falling to 1,438,129 barrels per day (b/d) in March 2024, as reported by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This decline followed production levels of 1,539,609 b/d in February and 1,643,671 b/d in January of the same year, according to NUPRC's document titled "Crude Oil and Condensate Production 2024."
The March production figures included 1,230,513 b/d of crude oil, 64,113 b/d of blended condensate, and 143,498 b/d of unblended condensate. This totaled 1,438,129 b/d for the month. In the first quarter of 2024, Nigeria's total crude oil and condensate production stood at 4,621,409 b/d.
The decline in production was attributed to challenges with the Trans Niger Pipeline and maintenance activities carried out by some oil companies. Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, expressed optimism about restoring production to the previous level of 1.7 million b/d and surpassing it. Lokpobiri's Special Assistant for Media and Communications, Nneamaka Okafor, issued a statement from Abuja outlining the Minister's efforts to address the situation and restore production levels. The Minister assured that the issues causing the shortfall had been resolved, and production was expected to return to previous levels soon.
