Crude Oil Production in Nigeria increased to 1797 BBL/D/1K in December from 1579 BBL/D/1K in November of 2018. Crude Oil Production in Nigeria averaged 1882.49 BBL/D/1K from 1973 until 2018, 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 1800.00 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 1800.00 in 12 months time. In the long-term, the Nigeria Crude Oil Production is projected to trend around 1900.00 BBL/D/1K in 2020, according to our econometric models.