Nigeria

Number 12

Nigeria reached its recent highs of production in 2005 at 2.7 mbpd of crude plus condensate, 2.5 mbpd of which was crude oil. In the first quarter of 2006 there were reports of insurgent/rebel violence knocking out up to 800,000 bpd of production. This is not shown in the numbers from either the EIA or IEA, which have averaged about 20,000 bpd different for the last 18 months. The lowest recored production seems to be 2.1 mbpd in March and April, or a drop of 400,000 bpd.