Nigeria’s oil output climbed to 2.06 million bpd in July – Ministry

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Nigeria’s petroleum ministry said Monday that the country’s average oil production including condensates, increased marginally to 2.06 million b/d in July, as the OPEC member continued to ramp up production, Platts reports.

The ministry said the country’s crude output stood at 2.06 million b/d in July, up from 2.05 million b/d in June, and a sharp increase over the 1.6 million b/d output a year ago when production facilities were hit by attacks from Niger Delta militants. Nigerian oil output has climbed steadily following a respite in activity by militants demanding control of the region’s oil resources.

Loading of the popular export grade Forcados has resumed at its terminal in the Niger Delta after shutting for several months over the past year following attacks in February and November 2016. Producers including Seplat Petroleum, Eland Oil and Gas and Nigerian Petroleum Development Co. have all boosted their daily output of the grade. Natural gas production also rose to 7.81 Bscf/d in July from 6.74 Bscf/d in the preceding month.