Abstract
Nigeria's crude oil and condensate production is subject to persistent volatility driven by infrastructure deterioration, security disruptions, and OPEC quota compliance requirements, making accurate production forecasting a critical challenge for energy planning and policy. This study develops a multi-algorithm predictive modeling framework applied to 60 months of disaggregated terminal-level production data (January 2020 - December 2024) sourced from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), covering 35 terminals and streams. Five forecasting models were trained on 48 months of data and evaluated on a 12-month held-out test set: a Seasonal ARIMA (SARIMA) baseline, Random Forest and XGBoost regressors trained on a 20-feature lag-based representation, and Long Short-Term Memory (LSTM) and Gated Recurrent Unit (GRU) deep learning networks trained on 12-step sequential windows. A sixth ensemble model was constructed by combining all five forecasts using inverse-RMSE weighting. On the 2024 test set, the GRU achieved the best individual performance (RMSE = 2.974 MMbbl, MAPE = 5.26%), followed by the LSTM (MAPE = 5.46%), while the ensemble delivered the overall best RMSE (3.065 MMbbl) at a MAPE of 5.41%, which is well within the 10% threshold accepted for energy production forecasting. All models were subsequently used to generate recursive 10-year monthly forecasts (2025-2034), with the ensemble projecting gradual production growth from approximately 530 MMbbl/year to 557 MMbbl by 2034. The findings demonstrate that inverse-RMSE weighted ensemble modeling effectively reduces individual model error and provides a robust framework for production forecasting in complex, multi-source petroleum systems.