Nigeria has held its position as a key player in the global energy sector since the discovery of crude oil in Bayelsa in 1956. Holding the world’s 10th largest crude oil reserves and ranking as the 13th largest producer of crude oil, the country’s impact on the international oil market cannot be overstated. Now, we look to the numbers to tell us the monthly averages of crude oil barrels produced in Nigeria and help us understand why Nigeria holds the position it holds in the global energy landscape.
What is the Lowest Average of Crude Oil Produced in Nigeria in 2023?
In April 2023, Nigeria saw a dip in its crude oil production, causing it to reach its lowest monthly average of 1,004,392 barrels.
What is the Highest Average of Crude Oil Produced in Nigeria in 2023?
December 2023 witnessed a surge in Nigeria’s crude oil production, reaching its peak with a monthly average of 1,420,000 barrels. This marked the country’s significant contribution to the global oil market, reflecting the resilience and potential of the Nigerian oil sector.
What is the average amount of crude oil produced in Nigeria in 2023?
Zooming out to assess all the figures available to us, the total average crude oil produced in the entire year of 2023 settled at 1,243,162 barrels.
Where Does this Data Come From?
All data cited in this report were sourced from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) via:
https://www.nuprc.gov.ng/oil-production-status-report/
The United Nations Environment Programme (UNEP) via:
