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  5. > Nigeria Oil and Gas Report Q4 2016

Nigeria Oil and Gas Report Q4 2016

  • October 2016
  • -
  • Business Monitor International
  • -
  • 107 pages

Includes 3 FREE quarterly updates


BMI View:
A deteriorating security situation in the Niger Delta has forced us to knock 600,000b/d off our 2016 oil production forecast and, unless resolved, the long-term consequences for investment will be dire. While there have been some notable reforms to the NNPC, there is still a long way to go in order to create a transparent and profitable company that encourages investment and helps Nigeria reach its hydrocarbon potential. The latest trends and key developments for Nigeria's oil & gas sector:

- On the exploration front, the current situation is bleak. The NNPC plans to start exploratory drilling in the Lake Chad Basin by October 2016, having conducted 3D seismic surveys in 2015 according to NNPC Director Emmanuel Kachikwu.

- A worsening security situation has lead us to severely downgrade Nigeria's oil production, as oil and gas instillations have been continually targeted since the start of the year, halting exports at a number of key export terminals.

Table Of Contents

Nigeria Oil and Gas Report Q4 2016
BMI Industry View 7
Table: Headline Forecasts (Nigeria 2014-2020) 7
SWOT 9
Oil and Gas SWOT 9
Industry Forecast 11
Upstream Exploration 11
Latest Updates 11
Structural Trends 11
Upstream Projects 15
Table: Upstream Project Database 15
Upstream Production - Oil 20
Latest Updates 20
Structural Trends 20
Table: Oil Production (Nigeria 2014-2019) 24
Table: Oil Production (Nigeria 2020-2025) 24
Upstream Production - Gas 27
Latest Updates 27
Structural Trends 27
Table: Gas Production (Nigeria 2014-2019) 31
Table: Gas Production (Nigeria 2020-2025) 31
Refining 32
Latest Updates 32
Structural Trends 32
Table: Refining Capacity and Refined Products Production (Nigeria 2014-2019) 37
Table: Refining Capacity and Refined Products Production (Nigeria 2020-2025) 37
Refined Fuels Consumption 38
Latest Updates 38
Structural Trends 38
Table: Refined Products Consumption* (Nigeria 2014-2019) 41
Table: Refined Products Consumption* (Nigeria 2020-2025) 42
Gas Consumption 43
Latest Updates 43
Structural Trends 43
Table: Gas Consumption (Nigeria 2014-2019) 46
Table: Gas Consumption (Nigeria 2020-2025) 46
Trade - Oil 47
Crude Oil 47
Latest Updates 47
Structural Trends 47
Table: Crude Oil Net Exports (Nigeria 2014-2020) 50
Table: Crude Oil Net Exports (Nigeria 2020-2025) 51
Refined Fuels 51
Latest Updates 51
Structural Trends 51
Table: Refined Fuels Net Exports (Nigeria 2014-2019) 53
Table: Refined Fuels Net Exports (Nigeria 2020-2025) 53
Trade - Gas (Pipeline and LNG) 54
Latest Updates 54
Structural Trends 54
Table: Gas Net Exports (Nigeria 2014-2019) 56
Table: Gas Net Exports (Nigeria 2020-2025) 57
Industry Risk/Reward Index 58
Africa - Oil and Gas Risk/Reward Index 58
Table: BMI Africa Oil and Gas Risk/Reward Index 58
Above-Ground Risks Dulling Below-Ground Potential 61
Table: BMI Africa Upstream Risk/Reward Index 61
Downstream Sector Holds Limited Opportunity 64
Table: BMI Africa Downstream Risk/Reward Index 64
Nigeria - Risk/Reward Index 67
Upstream Index 67
Downstream Index 68
Market Overview 69
Nigeria Energy Market Overview 69
Overview/State Role 69
Fiscal Regime 70
Table: Nigeria - Fiscal Terms 70
Table: Nigeria- Licenses And Contract Terms 71
The New Buhari Administration 71
Licensing Rounds 73
Oil and Gas Infrastructure 74
Oil Refineries 74
Oil Terminals/Ports 75
LNG Terminals 76
Gas Pipelines 76
Competitive Landscape 77
Competitive Landscape Summary 77
Table: Key Players - Nigerian Oil and Gas Sector 78
Table: Nigeria Upstream Players 79
Table: Nigeria Downstream Players 79
Company Profile 80
Nigerian National Petroleum Corporation (NNPC) 80
Table: NNPC Key Assets 81
ExxonMobil 82
Table: ExxonMobil Key Fields 83
Table: ExxonMobil Key Financial Data (USDmn) 83
Total 84
Table: Total Key Assets 85
Table: Total Key Financial Data (USDmn) 85
Chevron 86
Table: Chevron Key Assets 87
Table: Chevron Key Financial Data (USDmn) 87
Royal Dutch Shell 88
Table: Key Assets In Nigeria 89
Table: Royal Dutch Shell Key Financial Data (USDmn) 89
Regional Overview 90
Africa - Bullish Gas, Bearish Oil 90
Table: Africa Oil and Gas Production, Consumption, Refining Capacity And Trade 99
Glossary 100
Table: Glossary Of Terms 100
Methodology 102
Industry Forecast Methodology 102
Source 104
Risk/Reward Index Methodology 104
Table: Bmi's Oil and Gas Upstream Risk/Reward Index 106
Table: Weighting 107

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