April 12, (THEWILL) – Nigeria’s crude oil production, including condensates, fell in March 2025 to 1.603 million barrels per day, data released by the Nigerian Upstream Regulatory Commission (NUPRC) has indicated.
This represents a decrease of 68,000bpd compared to the 1.671 million barrels per day recorded in February 2025.
However, the report shows that March Crude oil production, excluding condensates was 1.4mbpd, a sharp decrease from 1.465 million barrels per day recorded in February.
The March figure marks the lowest production level since January 2025, when production stood at 1.737 million barrels per day.
This decline in output coincides with the ongoing political tension in the oil-rich Niger Delta following the declaration of emergency rule in Rivers State.
President Bola Tinubu had on March 18, suspended Governor Siminalayi Fubara and his deputy, along with the Rivers State House of Assembly for an initial period of six months, and appointed Vice Admiral Ibok Ete Ibas (rtd) as Administrator in charge of the State.
According to the President, the decision was an urgent measure to restore law and order in Rivers following reports of attacks on oil pipelines
Meanwhile, NUPRC, on Friday, said that the nation’s crude oil reserves stood at 37.28 billion barrels (bb) as at Jan. 1, 2025. The commission also said that Nigeria’s gas reserves hit 210.54 trillion Cubic Feet (tcf).
A statement signed by the Commission’s Chief Executive, Gbenga Komolafe, said oil and condensate reserves stood at 31.44bb and 5.84bb respectively, amounting to a total of 37.28 bb. The figure is against the 37.50 bb of proven crude oil reserves and proven natural gas reserves 209.26 tcf recorded in 2024.
Komolafe said the Associated Gas and Non-Associated Gas reserves stood at 101.03 tcf and 109.51 tcf, respectively, resulting in total gas reserves of 210.54 tcf.
According to Komolafe, the crude oil reserves are expected to last for another 64 years, while gas reserves could sustain the country for 93 years.
“Against the foregoing, I am pleased to present to you an overview of the Nation’s oil, condensate, associated gas, and non-associated gas reserves as of January 1, 2025, as follows:
“Crude Oil and Condensate reserves stands at 31.44bb and 5.84bb respectively, amounting to a total of 37.28bb.
“Associated Gas and Non-Associated Gas reserves stands at 101.03 tcf and 109.51 tcf, respectively, resulting in total gas reserves of 210.54 tcf.
“The Reserves Life Index is 64 Years and 93 Years for Oil and Gas, respectively.
“In view of the above, and in furtherance of Chapter 1, Part III, Section 7 (g), (i), (j), (k), (m), (q), (r), and other powers enabling me in this respect, I, Engr. Gbenga Komolafe, CCE, hereby declare the total oil and condensate reserves of 37.28bb.
“And total gas reserves of 210.54 tcf as the official National Petroleum Reserves Position as of Jan 1, 2025″, he said.
The NUPRC chief reiterated the commitment of the Commission to driving efficiency and effectiveness of the upstream oil and gas sector as enshrined in the Petroleum Industry Act (PIA 2021). He assured enhancing the growth of oil and gas reserves towards ensuring sustainable increase in production for shared prosperity, as articulated in the Regulatory Action Plan for 2024 and the Near Term.
Felix Ifijeh is a journalist with years of professional reporting experience. Known for his keen news sense, compelling storytelling and commitment to accurate, impactful reporting, he has built a reputation for turning leads into clear, engaging, and well-structured reports that resonate with readers. His work reflects deep newsroom experience and a commitment to accurate, impactful journalism.
