For the first time since June of this year, Nigeria’s oil output increased in October to 1. 02 million barrels per day (mbpd), according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The nation’s oil production rose from 937,766 bpd in September by 8%.
In order to meet its quota under the Organization of the Petroleum Exporting Countries (OPEC), Africa’s largest economy has been working hard to increase its oil output.
Oil theft and vandalism, which cause production shut-ins, are at the root of the fight to produce more oil.
According to the head of the petroleum engineering department at Covenant University, the trans-Forcados pipeline’s reopening may be partially to blame for the rise in output.
However, he added, “to a lesser extent, this might be linked to the placement of significant oil theft locations on the corridor of the pipelines.