Nigeria records highest oil production in 2017 – NNPC data

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The latest data from the Nigeria National Petroleum Corporation (NNPC) has shown that for the first time in the last one year, crude oil and condensate production in Nigeria reached its highest level of 62.46 million barrels in July 2017, Daily Trust reports.

Analysis of the August monthly operations report of Nigeria’s state oil firm showed that the 62.46 million barrels production represented an average daily production of 2.01 million barrels.

Average daily crude oil and condensates production inched up to 2.01 million barrels per day (bpd) from 1.95 million bpd in June, 1.87 million in May 2017 and 1.79 million bpd in April, the data showed.

Checks also showed that the resumption of crude loadings and operations at key export lines, the Forcados and Qua Iboe terminal pipelines could possibly allow Nigeria achieve its 2.2 million barrels daily crude oil and condensates production target.