Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Uniper holds LNG talks with Canada as Berlin seeks to cut US reliance, sources say – Oil & Gas 360

March 5, 2026

Asia oil crunch deepens as Middle East conflict disrupts fuel supplies

March 5, 2026

Acteon delivers MHU4400S hydraulic hammer to Heerema for offshore foundation installation

March 5, 2026
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Nigeria Says Crude Theft and Metering Losses Lowest in 16 Years
Middle East

Nigeria Says Crude Theft and Metering Losses Lowest in 16 Years

omc_adminBy omc_adminSeptember 15, 2025No Comments5 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Nigeria’s crude losses from theft and metering issues dropped to their lowest in nearly 16 years at 9,600 barrels per day (bpd), the West African country’s upstream regulator has reported.

Representing the one year to July, the figure is the lowest daily average since 2009, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

“So far in 2025, only 2.04 million barrels have been lost, which is a reduction of 35.56 million barrels compared to the 37.6 million barrels lost in 2021, underscoring the scale of progress made in just four years”, the NUPRC said in a statement on its website.

“Crude oil losses in 2021 were the highest recorded in nearly 23 years, making it the peak year between 2002 and July 2025”.

In 2022 yearly losses dropped to 20.9 million barrels or 57,200 bpd. The daily average fell to 11,900 bpd in 2023 and 11,300 bpd in 2024, the NUPRC said.

“Remarkably, in just the first seven months of 2025, losses were cut by 50.2 percent, with only 2.04 million barrels lost over the period”, it said.

“Since the implementation of the Petroleum Industry Act (PIA) in 2021, Nigeria has recorded steady progress in reducing crude oil losses”, the NUPRC said.

“The commission has adopted a balanced mix of kinetic and non-kinetic strategies in tackling oil losses”, it added. “On the kinetic front, the commission has continued to collaborate closely with security agencies, operators and communities.

“On the non-kinetic front, NUPRC has implemented strategic regulatory measures to close systemic loopholes. One key initiative is the metering audit across upstream facilities to ensure accurate measurement of production and exports”.

It said it has also approved 37 new crude evacuation routes to counter oil theft.

Monthly Production Growth

Meanwhile July 2025 liquids production grew 9.9 percent compared to July 2024, the NUPRC reported earlier. July 2025 output averaged 1.71 million bpd (MMbpd), consisting of about 1.51 MMbpd of oil and around 205,000 bpd of condensate. Month-on-month, July 2025 production rose 0.89 percent.

“On the monthly performance of Nigeria’s crude oil terminals, Forcados recorded the highest output in July 2025 with 9.04 million barrels, representing a 2.1 percent increase from 8.85 million barrels in June”, the NUPRC said August 25.

Decommissioning Liabilities

In other achievements, the NUPRC said Nigeria secured over $400 million in decommissioning liabilities in 2024, as well as applied stricter rules in recent asset transfers.

Nigeria recently saw a spate of divestments by international energy majors, including Shell PLC.

Shell said March 13 it had completed the sale of its subsidiary in the Niger Delta, where it had frequently reported oil theft and sabotage. The NUPRC had held back the $1.3 billion divestment of Shell Petroleum Development Company of Nigeria Ltd to assess environmental liabilities, according to a statement by the commission April 29, 2024.

Across the Nigerian upstream sector last year, more than $400 million in “pre-sale decommissioning and abandonment liabilities have been secured through Letters of Credit and escrow accounts”, NUPRC chief executive Gbenga Komolafe was quoted as saying in an NUPRC press release September 9, 2025.

“Since April 2023, we have approved 94 decommissioning and abandonment plans, in strict alignment with the PIA”, Komolafe said. “These approvals represent total liabilities of $4.424 billion, arising from all field development plans submitted within this period, and will be remitted progressively over the production life of the respective fields into designated escrow accounts”.

Komolafe added, “In addition to divestments, the Commission has been working together with operators, particularly members of OPTS [Oil Producers Trade Section], on life extension projects, ranging from facility integrity audits to subsea upgrades and enhanced reservoir management measures that sustain safe production, delay decommissioning, reduce environmental risks and secure resilience across our mature fields”.

To contact the author, email jov.onsat@rigzone.com

element
var scriptTag = document.createElement(‘script’);
scriptTag.src = url;
scriptTag.async = true;
scriptTag.onload = implementationCode;
scriptTag.onreadystatechange = implementationCode;
location.appendChild(scriptTag);
};
var div = document.getElementById(‘rigzonelogo’);
div.innerHTML += ” +
‘RIGZONE Empowering People in Oil and Gas‘ +
”;

var initJobSearch = function () {
//console.log(“call back”);
}

var addMetaPixel = function () {
if (-1 > -1 || -1 > -1) {
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);

/*End Meta Pixel Code*/
} else if (0 > -1 && 89 > -1)
{
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);
/*End Meta Pixel Code*/
}
}

// function gtmFunctionForLayout()
// {
//loadJS(“https://www.googletagmanager.com/gtag/js?id=G-K6ZDLWV6VX”, initJobSearch, document.body);
//}

// window.onload = (e => {
// setTimeout(
// function () {
// document.addEventListener(“DOMContentLoaded”, function () {
// // Select all anchor elements with class ‘ui-tabs-anchor’
// const anchors = document.querySelectorAll(‘a .ui-tabs-anchor’);

// // Loop through each anchor and remove the role attribute if it is set to “presentation”
// anchors.forEach(anchor => {
// if (anchor.getAttribute(‘role’) === ‘presentation’) {
// anchor.removeAttribute(‘role’);
// }
// });
// });
// }
// , 200);
//});



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

program development skills Jobs | Rigzone

March 5, 2026

Maritime Groups Comment on Middle East Situation

March 5, 2026

Saudi Arabia Races to Reroute Oil

March 5, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Federal Reserve cuts key rate for first time this year

September 17, 202513 Views

Inflation or jobs: Federal Reserve officials are divided over competing concerns

August 14, 20259 Views

Oil tanker rates to stay strong into 2026 as sanctions remove ships for hire – Oil & Gas 360

December 16, 20258 Views
Don't Miss

Asia oil crunch deepens as Middle East conflict disrupts fuel supplies

By omc_adminMarch 5, 2026

(Bloomberg) – A deepening energy crunch across Asia is impacting all corners of the oil…

Acteon delivers MHU4400S hydraulic hammer to Heerema for offshore foundation installation

March 5, 2026

ADNOC CEO meets Japan PM Takaichi as Strait of Hormuz tensions mount

March 5, 2026

Svante Acquires Carbon Alpha To Expand Carbon Removal Projects In Canada

March 5, 2026
Top Trending

Google, JPMorgan, Others Launch $100 Million Initiative to Tackle Superpollutants

By omc_adminMarch 5, 2026

L’Oréal Signs Deal to Turn Captured CO2 into Packaging Materials

By omc_adminMarch 5, 2026

Galvanize Raises $370 Million for Real Estate Decarbonization Fund

By omc_adminMarch 5, 2026
Most Popular

The 5 Best 65-Inch TVs of 2025

July 3, 202515 Views

AI’s Next Bottleneck Isn’t Just Chips — It’s the Power Grid: Goldman

November 14, 202514 Views

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 202510 Views
Our Picks

program development skills Jobs | Rigzone

March 5, 2026

Maritime Groups Comment on Middle East Situation

March 5, 2026

Saudi Arabia Races to Reroute Oil

March 5, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.