- Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year.
Nigeria Crude Oil and Condensate Production was 1,471 Thousand Barrels Daily in 2023, up 6.7% on 2022. The Crude Oil and Condensate Production dataset of Nigeria from 2015 to 2023 provides a clear and consistent view of the country’s petroleum production landscape, highlighting production trends, crude oil output, condensate volumes, and supply patterns over the observed period.
Nigeria Crude Oil and Condensate Production moved from 2,119 Thousand Barrels Daily in 2015 to 1,471 Thousand Barrels Daily in 2023 (−30.6%), an average of −4.5% a year. The series high was 2,119 Thousand Barrels Daily in 2015 and the low 1,378 Thousand Barrels Daily in 2022.
The gap between the series high (2015) and low (2022) is 741 Thousand Barrels Daily. The sharpest single-year move was −14.9% in 2022.
Among the 28 countries in this dataset, Nigeria ranks 11 for 2023, behind U.S. (12,927 Thousand Barrels Daily) and Russia (10,554 Thousand Barrels Daily). It accounts for 1.8% of the global total in 2023.
Full series
Complete annual series with year-on-year change. Values are reported in Thousand Barrels Daily.
Scroll the table sideways to see all columns.
| Year | Thousand Barrels Daily | Change vs prior year |
|---|---|---|
| 2023 | 1,471 | +6.7% |
| 2022 Trough | 1,378 | −14.9% |
| 2021 | 1,620 | −11.6% |
| 2020 | 1,833 | −9% |
| 2019 | 2,014 | +4.8% |
| 2018 | 1,922 | +1.7% |
| 2017 | 1,890 | +3.7% |
| 2016 | 1,822 | −14% |
| 2015Peak | 2,119 | — |
Regional context
Crude Oil and Condensate Production by country, 2023, Thousand Barrels Daily. Nigeria is highlighted.
Data definition
Crude Oil and Condensate Production — - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time.
The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.
Crude Oil and Condensate Production — - Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
Measured in million barrels daily, the dataset reflects domestic crude oil and condensate production, making it an important indicator of upstream energy activity, export capacity, resource utilization, and the country's contribution to global oil supply.
Nigeria recorded crude oil and condensate production of 2.12 million barrels daily in 2015, declining to 1.82 million barrels daily in 2016 before recovering to 1.89 million barrels daily in 2017 and 1.92 million barrels daily in 2018. Production increased further to 2.01 million barrels daily in 2019, approaching earlier levels. Output declined to 1.83 million barrels daily in 2020 amid weaker global demand and production disruptions. The downward trend continued with production falling to 1.62 million barrels daily in 2021 and 1.38 million barrels daily in 2022, the lowest level during the review period. Production recovered modestly to 1.47 million barrels daily in 2023.
Overall, the dataset demonstrates a declining long-term production trend despite temporary recoveries during the middle years of the review period. The fluctuations reflect changing market conditions, operational constraints, infrastructure challenges, and production management policies affecting Nigeria's upstream petroleum sector.
The dataset serves as a valuable resource for monitoring national oil production performance, evaluating upstream industry developments, and assessing long-term supply dynamics. It also supports production forecasting, investment planning, energy market analysis, and policy formulation. Researchers, policymakers, and industry stakeholders can use the information to evaluate production efficiency, resource management strategies, and future upstream development opportunities while strengthening decision-making across Nigeria's petroleum industry.
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Definition- Crude Oil and Condensate Production refers to the total volume of crude oil and lease condensate extracted from oil and gas reservoirs within a country during a given year. It is typically measured in thousand barrels per day (kb/d) and represents the production of unrefined liquid hydrocarbons before processing or refining. Crude oil is the naturally occurring liquid petroleum extracted from underground reservoirs, while condensate is a light hydrocarbon liquid that separates from natural gas when pressure and temperature decrease during production. This indicator provides insight into a country's upstream petroleum production capacity, resource availability, and contribution to global oil supply.
Nigeria Crude Oil and Condensate Production was 1,471 Thousand Barrels Daily in 2023, up 6.7% on 2022.
Nigeria Crude Oil and Condensate Production moved from 2,119 Thousand Barrels Daily in 2015 to 1,471 Thousand Barrels Daily in 2023 (−30.6%), an average of −4.5% a year. The series high was 2,119 Thousand Barrels Daily in 2015 and the low 1,378 Thousand Barrels Daily in 2022.
The highest value was 2,119 Thousand Barrels Daily in 2015 and the lowest was 1,378 Thousand Barrels Daily in 2022.
Included: The data includes the production of crude oil extracted from conventional and unconventional oil fields, as well as lease condensate recovered at the wellhead or during field processing before refining. It covers both onshore and offshore oil production and includes output from integrated oil and gas operations where condensate is produced alongside natural gas. Production is reported before refining and excludes downstream petroleum processing activities. The dataset is compiled using standardized international energy reporting methodologies based on national production statistics and industry data, enabling consistent comparison of crude oil and condensate production across countries and over time. Excluded: The data excludes refined petroleum products such as gasoline, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and other products obtained through refinery processing. It also excludes natural gas production, natural gas liquids (NGLs) other than lease condensate, synthetic fuels, biofuels, oil shale products, and petroleum derived from coal-to-liquids or gas-to-liquids processes unless specifically stated in the reporting methodology. The indicator does not measure crude oil reserves, exports, imports, domestic consumption, refinery throughput, or production value. Minor differences may occur due to variations in national reporting standards, condensate classification, and estimation methodologies across countries.
The series is sourced from energyinst.org (https://www.energyinst.org/__data/assets/pdf_file/0006/1542714/684_EI_Stat_Review_V16_DIGITAL.pdf). It covers 2015–2023 and is reported in Thousand Barrels Daily.
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