Nigeria’s crude oil production under the Nigerian National Petroleum Company Limited (NNPCL) and the Nigerian Upstream Petroleum Commission (NUPRC) has exceeded its OPEC+quota by 70,000 barrel per day (bpd), reaching 1.57 million bpd in February 2025, according to Reuters survey.
The survey revealed that Nigeria’s oil output increased from 1.5 million bpd in January to 1.57 million bpd in February, driven by stronger export activities and increased in demand.
The NUPRC also reported that total oil production, including condensates, reached 1.737 million bpd in January, marking a significant recovery from previous declines.
Nigeria’s rising production aligns with its government’s revenue targets, strengthening its position in the global oil market. However, exceeding the OPEC + limit may raise concerns among member nations regarding compliance with agreed production quotas.
While Nigeria continues to ramp up production, industry experts are closely monitoring potential implications for its standing within OPEC+ and the broader oil market.
The NNPC AND NUPRC have yet to comment on the production increase.
As discussion on global oil supply continue, Nigeria must balance maximizing revenue with maintaining international agreements.
