Crude Oil Production in Nigeria increased to 1754 BBL/D/1K in May from 1713 BBL/D/1K in April of 2019. Crude Oil Production in Nigeria averaged 1880.91 BBL/D/1K from 1973 until 2019, reaching an all time high of 2475 BBL/D/1K in November of 2005 and a record low of 675 BBL/D/1K in February of 1983.
Crude Oil Production in Nigeria is expected to be 1550.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Nigeria to stand at 1450.00 in 12 months time. In the long-term, the Nigeria Crude Oil Production is projected to trend around 1400.00 BBL/D/1K in 2020, according to our econometric models.