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Nigeria loses 3.33 million barrels to oil theft in 2025

By , based on P.M. News

Nigeria loses 3.33 million barrels to oil theft in 2025Windfallengprojectsltd · CC BY-SA 4.0

Nigeria lost 3.33 million barrels of crude oil to theft in 2025, including 2.19 million in the final quarter, or about 66% of the annual total. The Nigerian Upstream Petroleum Regulatory Commission also said crude and blended condensate production reached 541.08 million barrels, according to its annual report.

Nigeria lost 3.33 million barrels of crude oil to theft in 2025, about 66% of them during the final three months of the year, according to the annual report of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), published on Thursday and reported by P.M. News. Losses reached 2.19 million barrels in the fourth quarter, compared with 896,471 in the first and 440,434 in the third; the second quarter recorded a negative balance of 200,400 barrels after an excess volume was discovered during an accounting reconciliation.

Nigeria’s production of crude oil and blended condensates stood at 541.08 million barrels in 2025. It rose from 132.70 million barrels in the first quarter to 137.69 million in the second, before falling slightly to 137.45 million in the third and 133.23 million in the fourth. The country also produced 48.52 million barrels of unblended condensates.

The NUPRC processed 75 applications for oilfield development plans, including 58 submitted in 2025 and 17 carried over from 2024. It approved 48, rejected 10 and had 17 applications still under review. The approved projects are expected to develop about 1.75 billion barrels of oil reserves, 104.48 million barrels of condensates and 8.19 trillion cubic feet of gas.

The projects are expected to increase daily production capacity by 743,830 barrels of oil, 23,707 barrels of condensates and 3.09 billion cubic feet of gas. They are scheduled to come on stream between 2026 and 2030, while seven of them concern exclusively gas fields.

The report adds to data published on 3 November on Nigerian oil production reaching 1.8 million barrels per day and reforms adding 600,000 barrels per day.

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