Crude Oil Production in Nigeria

Datamonitor, April 2011, Pages: 43

Introduction

Crude Oil Production in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2006-10, and forecast to 2015). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Nigeria crude oil production market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

-The crude oil production industry measures crude oil production in respective countries/regions. The market values are calculated using regional spot oil prices averaged over the whole year. As oil markets are experiencing a period of price volatility, future trends are difficult to predict; thus the forecasts given in this report are only given as an indication of the market's possible future growth. All currency conversions used in the production of this report have been calculated using constant 2010 annual average exchange rates.

-The Nigerian crude oil production industry had a total revenue of $64.7 billion in 2010, representing a compound annual growth rate (CAGR) of 2% for the period spanning 2006-2010.

-Industry consumption volumes decreased with a compound annual rate of change (CARC) of -2.6% between 2006 and 2010, to reach a total of 802 million barrels in 2010.

-The performance of the industry is forecast to decline, with an anticipated CARC of -0.3% for the five-year period 2010-2015, which is expected to drive the industry to a value of $63.7 billion by the end of 2015.

Features

Save time carrying out entry-level research by identifying the size, growth, and leading players in the crude oil production market in Nigeria

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the crude oil production market in Nigeria

Leading company profiles reveal details of key crude oil production market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria crude oil production market with five year forecasts by both value and volume

Macroeconomic indicators provide insight into general trends within the Nigeria economy

Key Questions Answered

What was the size of the Nigeria crude oil production market by value in 2010?

What will be the size of the Nigeria crude oil production market in 2015?

What factors are affecting the strength of competition in the Nigeria crude oil production market?

How has the market performed over the last five years?

How large is Nigeria’s crude oil production market in relation to its regional counterparts?

EXECUTIVE SUMMARY
MARKET OVERVIEW
Market definition
Research highlights
Market analysis
MARKET VALUE
MARKET VOLUME
MARKET SEGMENTATION
FIVE FORCES ANALYSIS
Summary
Buyer power
Supplier power
New entrants
Substitutes
Rivalry
LEADING COMPANIES
Chevron Corporation
Exxon Mobil Corporation
Nigerian National Petroleum Corporation
Royal Dutch Shell plc
MARKET FORECASTS
Market value forecast
Market volume forecast
MACROECONOMIC INDICATORS

APPENDIX
Methodology
Industry associations
Related Datamonitor research
Disclaimer
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LIST OF TABLES
Table 1: Nigeria crude oil production industry value: $ billion, 2006–10
Table 2: Nigeria crude oil production industry volume: million barrels, 2006–10
Table 3: Nigeria crude oil production industry segmentation II: % share, by value, 2010
Table 4: Chevron Corporation: key facts
Table 5: Chevron Corporation: key financials ($)
Table 6: Chevron Corporation: key financial ratios
Table 7: Exxon Mobil Corporation: key facts
Table 8: Exxon Mobil Corporation: key financials ($)
Table 9: Exxon Mobil Corporation: key financial ratios
Table 10: Nigerian National Petroleum Corporation: key facts
Table 11: Royal Dutch Shell plc: key facts
Table 12: Royal Dutch Shell plc: key financials ($)
Table 13: Royal Dutch Shell plc: key financial ratios
Table 14: Nigeria crude oil production industry value forecast: $ billion, 2010–15
Table 15: Nigeria crude oil production industry volume forecast: million barrels, 2010–15
Table 16: Nigeria size of population (million), 2006–10
Table 17: Nigeria gdp (constant 2000 prices, $ billion), 2006–10
Table 18: Nigeria gdp (current prices, $ billion), 2006–10
Table 19: Nigeria inflation, 2006–10
Table 20: Nigeria consumer price index (absolute), 2006–10
Table 21: Nigeria exchange rate, 2009–10

LIST OF FIGURES
Figure 1: Nigeria crude oil production industry value: $ billion, 2006–10
Figure 2: Nigeria crude oil production industry volume: million barrels, 2006–10
Figure 3: Nigeria crude oil production industry segmentation II: % share, by value, 2010
Figure 4: Forces driving competition in the crude oil production industry in Nigeria, 2010
Figure 5: Drivers of buyer power in the crude oil production industry in Nigeria, 2010
Figure 6: Drivers of supplier power in the crude oil production industry in Nigeria, 2010
Figure 7: Factors influencing the likelihood of new entrants in the crude oil production industry in Nigeria, 2010
Figure 8: Factors influencing the threat of substitutes in the crude oil production industry in Nigeria, 2010
Figure 9: Drivers of degree of rivalry in the crude oil production industry in Nigeria, 2010
Figure 10: Chevron Corporation: revenues & profitability
Figure 11: Chevron Corporation: assets & liabilities
Figure 12: Exxon Mobil Corporation: revenues & profitability
Figure 13: Exxon Mobil Corporation: assets & liabilities
Figure 14: Royal Dutch Shell plc: revenues & profitability
Figure 15: Royal Dutch Shell plc: assets & liabilities
Figure 16: Nigeria crude oil production industry value forecast: $ billion, 2010–15
Figure 17: Nigeria crude oil production industry volume forecast: million barrels, 2010–15

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