• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Nigeria Oil and Gas Report Q4 2012 - Product Image

Nigeria Oil and Gas Report Q4 2012

  • ID: 2299579
  • November 2012
  • Region: Nigeria
  • 113 pages
  • Business Monitor International

FEATURED COMPANIES

  • Addax Petroleum – Summary
  • Chevron
  • Eni
  • Maurel & Prom – Summary
  • Petrobras – Summary
  • Sinopec – Summary
  • MORE

BMI View:

With several projects in the pipeline or due to come onstream over the next few years, such as Usan (180,000b/d) and Egina (150,000b/d-200,000b/d), we expect Nigerian oil output to rise substantially over our forecast period to 2021. In addition, attempts to cut gas flaring will boost the outlook for gas production. Nevertheless, OPEC quotas, the risk of project delays and Nigeria’s political environment, particularly vis-á-vis the PIB, still imply a significant amount of uncertainty.

The main trends and developments we highlight for Nigeria’s Oil and Gas sector are as follows:

- BMI expects oil production to increase from an estimated 2.53mn barrels per day (b/d) in 2011 to 2.62mn b/d by 2021, as ambitious projects such as Usan (180,000b/d) and Egina (150,000b/d-
200,000b/d) come onstream.

- Consumption of crude is forecast to rise at an annual average of 6.29% rate between 2011 and 2021, boosted by anticipated strong GDP growth. We forecast consumption rising from an estimated 286,000b/d in 2011 to 549,000b/d by 2021.

- BMI forecasts gas production increasing from an estimated 34.71bn cubic metres (bcm) in 2011 to 82.61bcm READ MORE >

FEATURED COMPANIES

  • Addax Petroleum – Summary
  • Chevron
  • Eni
  • Maurel & Prom – Summary
  • Petrobras – Summary
  • Sinopec – Summary
  • MORE

BMI Industry View 5

SWOT Analysis 6

Nigeria Oil and Gas SWOT 6

Global Energy Market Outlook 7

Oil: Getting Closer To Emerging Markets Inflection Point 7
Table: Oil Consumption Forecasts, 2010-2016 (’000b/d) 9
Table: Oil Production Forecasts, 2010-2016 (’000b/d) 11

Regional Energy Market Outlook 15

Nigeria Energy Market Overview 19
Table: Main Aspects Of The Draft’s Fiscal Regime 20
Table: Nigeria Upstream Projects Database 24

Oil and Gas Reserves 26
Table: Nigeria Oil & Gas – Historical Data And Forecasts, 2009-2016 27
Table: Nigeria Oil & Gas – Long-Term Forecasts, 2014-2021 28

Oil Supply And Demand 29

Gas Supply And Demand 31

Revenues and Import Costs 32

Key Risks To our Forecast Scenario 33

Oil And Gas Infrastructure 34

Oil Refineries 34
Table: Refineries In Nigeria 36

Oil Terminals/Ports 38

LNG Terminals 38
Table: LNG Projects In Nigeria 42

Gas Pipelines 42

Regional and Country Risk/Reward Ratings 44
Table: Upstream Risk/Reward Ratings 47
Table: Downstream Risk/Reward Ratings 48

Nigeria’s Upstream Rating – Overview 48

Nigeria’s Upstream Rating – Rewards 48

Nigeria’s Upstream Rating – Risks 48

Nigeria’s Downstream Rating – Overview 49

Nigeria Downstream Rating – Rewards 49

Nigeria Downstream Rating – Risks 49

Competitive Landscape 50

Executive Summary 50
Table: Key Players – Nigerian Oil And Gas Sector 51

Overview/State Role 51

Licensing and Regulation 51

Petroleum Industry Bill And NNPC Reform 53

Local Content Requirements 54

IOC Contract Renegotiation 54

Government Policy 55

Licensing Rounds 61
Table: Key Nigerian Upstream Players 62
Table: Key Nigerian Downstream Players 62

Company Monitor 63

Nigerian National Petroleum Corporation (NNPC) 63

Royal Dutch Shell 66

ExxonMobil 69

Chevron 71

Eni 75

Total 78

Afren 80

ConocoPhillips – Summary 83

ONGC Mittal Energy (OMEL) – Summary 83

Petrobras – Summary 84

BG Group – Summary 84

Gazprom – Summary 85

Addax Petroleum – Summary 86

Oando – Summary 86

Sinopec – Summary 87

Korea National Oil Corporation (KNOC) – Summary 87

Septa Energy – Summary 88

Sunrise – Summary 88

Maurel & Prom – Summary 88

Others – Summary 89

Africa – Regional Appendix 92
Table: Oil Consumption, (000b/d) 2009-2016 92
Table: Oil Consumption, (000b/d) 2014-2021 93
Table: Oil Production, (000b/d) 2009-2016 94
Table: Oil Production, (000b/d) 2014-2021 95
Table: Refining Capacity, (000b/d) 2009-2016 96
Table: Refining Capacity, (000b/d) 2014-2021 97
Table: Gas Consumption, (bcm) 2009-2016 98
Table: Gas Consumption, (bcm) 2014-2021 99
Table: Gas Production, (bcm) 2009-2016 100
Table: Gas Production, (bcm) 2014-2021 101

LNG Net Exports, (bcm) 2009-2016 101

LNG Net Exports, (bcm) 2014-2021 102

Methodology And Risks To Forecasts 103

Glossary Of Terms 104
Table: Glossary Of Terms 104

Oil And Gas Risk/Reward Ratings Methodology 106

Ratings Overview 106
Table: BMI’s Oil & Gas Business Environment Ratings – Structure 107

Indicators 107
Table: BMI’s Oil & Gas Upstream Ratings – Methodology 107
Table: BMI’s Oil & Gas Business Environment Downstream Ratings – Methodology 109

BMI Methodology 111

How We Generate Our Industry Forecasts 111

Energy Industry 111

Cross checks 112

Sources 112

Company Monitor
Nigerian National Petroleum Corporation (NNPC)
Royal Dutch Shell
ExxonMobil
Chevron
Eni
Total
Afren
ConocoPhillips – Summary
ONGC Mittal Energy (OMEL) – Summary
Petrobras – Summary
BG Group – Summary
Gazprom – Summary
Addax Petroleum – Summary
Oando – Summary
Sinopec – Summary
Korea National Oil Corporation (KNOC) – Summary
Septa Energy – Summary
Sunrise – Summary
Maurel & Prom – Summary
Others – Summary

Note: Product cover images may vary from those shown

RELATED PRODUCTS

Our Clients

Our clients' logos