Nigeria’s deepwater oil production has plummeted to its lowest level in five years, underlining the growing structural and investment challenges facing Africa’s largest oil producer.
Latest industry data show the country's deepwater output stood at 428,385 barrels per day (bpd) as of April 2025, a sharp decline from 629,558 bpd recorded in 2020, representing a 32 percent drop over the period.
This decline, occurring in what has traditionally been Nigeria’s most stable oil-producing zone, is triggering alarm among stakeholders and highligh
