Nigeria’s crude oil production increased in December 2022 to an average of 1.23 million barrels per day (bpd) from 1.18 million bpd in the previous month. The Nigerian Upstream Petroleum
Nigeria’s crude oil production increased in December 2022 to an average of 1.23 million barrels per day from 1.18 million bpd in the previous month.
The Nigerian Upstream Petroleum Regulatory Commission said this in its latest crude oil and condensate production data for December 2022. The figure is 4.19 percent or 49,713 bpd higher compared to the November 2022 production figure of 1.18bpd.when the country’s production averaged 1.24 bpd.With the addition of condensate, oil production totalled 1.413 million bpd in December — down from 1.414 million in November.It is usually separated from a natural gas stream at the point of production when the temperature and pressure of the gas are dropped to atmospheric conditions.
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