Nigeria’s Crude Oil Output Dipped in November

SEATTLE (Oil Monster): The country’s crude oil production dropped to 1.466 million barrels per day during the month of November 2023, said the latest data published by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This is inclusive of condensate production as well.

The crude oil production totalled 1,250,299 barrels per day, while the blended condensate and unblended condensate production totalled 49,457 barrels per day and 166,429 barrels per day respectively.

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The monthly output in November this year was significantly down from the production during the prior two months. The production had averaged above 1.5 million barrels per day in September and October.

The oil production from Bonny, Forcados, and Escravos terminals declined from October. The production from Bonny Terminal dropped by over 21% from 4,563,571 barrels in October to 3,573,540 barrels in November. The Forcados terminal recorded 15.4% dip month-on-month from 7,933,984 barrels to 6,720,296 barrels. The Escravos Terminal produced 3,890,073 barrels in November, down by nearly 8% when compared with 4,234,584 barrels produced in October.

Meantime, Brass and Qua Iboe terminals reported increased production during November this year.