In June, Nigeria’s crude oil output surpassed 1.5 million barrels per day, aligning with the production target set by the Organization of the Petroleum Exporting Countries (OPEC).
Data sourced from OPEC’s latest Monthly Market Oil Report (MOMR) for June noted that the country’s oil production hit 1.505mb/d in June 2025 from 1.453mb/d recorded in May 2025.
However, the output was still below the targeted 2.06mbpd projected in the 2025 budget.
According to OPEC’s data, this is the first time the country’s production output would meet the 1.5mb/d cuts quota in years.
Nigeria’s output had hovered at 1.1mb/d in 2023, 1.3mb/d in 2024, and then 1.4mb/d since January 2025.
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, recently said Nigeria was ramping up production with a medium-term goal to hit 2.06 million barrels per day by 2027.
He expressed optimism that oil output would rise to 1.9mbpd in December this year.
“We have started growing. In March, we were producing about 1.56 million barrels per day, and we’re now at 1.63 million, including condensates. By the end of the year, we are hoping to clock 1.9 million barrels daily,” he said.
Ojulari said Nigeria had recorded a 100 per cent availability on major crude oil pipelines in the country.
He noted that for the first time in a long while, the nation enjoyed 100 per cent crude oil pipeline availability throughout June.
According to him, the feat, which was possible through the industry-wide security interventions led by the NNPC, aided the increase in oil production.
However, he emphasized the need for increased investment to further boost production, noting that the company has successfully changed the narrative by consistently fulfilling its cash-call obligations in Joint Venture operations. Given the current improvements in oil pipeline infrastructure, experts anticipate a continued rise in production in the coming months.
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