NNPC Oil Production Falls to 1.51M bpd in February 2026

The Nigerian National Petroleum Company Limited reported a decline in crude oil and condensate production to an average of 1.51 million barrels per day in February 2026, down from 1.64 million barrels per day the previous month, according to its monthly summary released on Saturday. The drop, which included 1.27 million barrels per day of crude oil and 0.24 million barrels per day of condensate, stemmed from several operational disruptions in the upstream sector.

The company attributed the production shortfall primarily to an outage on the Trans Forcados Pipeline caused by integrity issues, startup challenges at the Stardeep Agbami gas turbine compressors 2 and 3 following turnaround maintenance, delays in completing the Sterling Oguali flow station, and sludge management constraints at the Enyie wells. Despite these setbacks, upstream pipeline availability remained stable at 93 percent, and natural gas production increased to 7,458 million standard cubic feet per day, one of the higher levels in recent months. Gas sales, recorded on a two-month lag basis, totaled 4,893 million standard cubic feet per day. Total crude oil and condensate sales for the month reached 23.08 million...