The agency also noted that the total crude oil production deferment during the review period was 110.66 million barrels.
In 2018, Nigeria recorded a loss of 53.28 million barrels of crude oil, representing a daily average loss of 145,972 barrels per day.
The recorded loss is a drop from the 2019 figure put at 42.25 million barrels, averaging 115,753 barrels daily loss.
The losses resulted from 2.910m million barrels measurement error (1.
3 per cent), 5.252 million barrels theft and sabotage (2.
3 per cent) and 486.746 thousand barrels production/terminal adjustment (0.
21 per cent).
“Crude losses were 7.
68 million barrels in 2023, compared to 36.69 million barrels in 2022.
..
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