Data from the Nigerian Upstream Petroleum Regulatory Commission shows that the country produced a total of 236,229,281 barrels of crude oil in the first half of 2024.
The report shows that 44.2 million barrels of crude were produced in January while the country pumped 38.3 million barrels of oil in February.
Similarly, 38.1 million barrels were produced in March, and the monthly production for April was 38.4 million.
In May, 38.8 million barrels were pumped and 38.3 million barrels were achieved in June.
In the same period in 2023, the country’s total oil output from January to June was 219.5 million barrels, 16.73 million lower than what was recorded in 2024.
During the first six months of 2020, the country produced 302.42 million barrels of crude oil, representing 66 million barrels more than what was obtained within the same period this year.
This is an indication that the nation’s oil production has been fluctuating, declining more than appreciating over the years.
Data from NUPRC showed that the country produced an average of 1.43 million barrels of crude oil per day in the first month of the year, being the highest average daily crude production within the six months.
In February, the daily oil production dropped to 1.32mbpd and dropped further to 1.23mbpd in March.
Efforts by the government to stop the figures from dropping further may have yielded results as the daily production appreciated marginally to 1.28mbpd in April.
