Nigeria - Crude Oil including Lease Condensate Reserves

1,502.24 (thousand barrels per day) in January 2024

In January 2024, crude oil reserves for Nigeria was 1,502.24 thousand barrels per day. Though Nigeria crude oil reserves fluctuated substantially in recent months, it tended to increase through February 2023 - January 2024 period ending at 1,502.24 thousand barrels per day in January 2024.

The description is composed by our digital data assistant.
What is crude oil reserves?

Proved reserves of crude oil as of January 1 of the report year are the estimated quantities of all liquids defined as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing economic and operating conditions.

Download our latest ENERGY Data Brief

The Energy Data Brief offers key statistics designed to help energy market watchers anticipate and respond to developments in the energy sector as well as changes in related industries and investments.

Learn More

What is Nigeria crude oil reserves?