Nigeria Misses 2025 Oil Production Target by 500,000 Bpd ...Middle East

Nigeria booked average daily crude oil production of around 1.5 million barrels for 2025, which was half a million barrels daily lower than the government’s target for the sector, Vanguard reported today. Official data from the Nigerian Upstream Petroleum Regulatory Commission showed there were 40 active drilling rigs in the country at the end of the year, while OPEC reported the number of active drilling rigs in Nigeria at 18 for November, the report noted. In that month, oil production jumped to around 1.6 million barrels daily, the Nigerian…

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