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Nigeria Crude/Cond. Production Rises to 1.4mn bpd August

OIL

Nigeria produced 1.41mn bpd of crude oil and condensates in August, up from a revised 1.3mn bpd in July according to data from the upstream commission.

  • Crude production was 1.18mn bpd in August compared to a revised 1.09mn bpd in July.
  • Forcados production increased to 4.45mn bbls from 3.29mn bbls in July. The Forcados terminal restarted in mid-August after it was shut for around a month because of leaks.

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