Overview:

Summary
 
 This profile is the essential source for top-level industry data and information relating to the Exploration and Production industry in Nigeria. It provides asset level information relating to the active and planned oil and gas fields and exploration blocks in Nigeria. The profiles of the major companies operating in the upstream industry of Nigeria are also included in the report. The latest news and deals pertaining to the sector are also provided and analyzed.
 
 Scope
 
 • Updated information relating to all active and planned exploration blocks.
 • Provides historical and forecast data and information for all the major operating and planned crude oil and natural gas fields.
 • Details operators and equity partners of oil and gas fields and exploration blocks.
 • Includes information relating to license round details, start and end dates, acreage, location, and reserves.
 • Information on the top companies in the sector including business description, strategic analysis, and financial information.
 • Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
 • Key mergers and acquisitions, partnerships, private equity investments and IPOs.
 
 Reasons to buy
 
 • Obtain the most up to date information available on exploration licenses and oil and gas fields.
 • Identify growth markets and opportunities in the industry.
 • Facilitate market analysis and forecasting of future industry trends.
 • Facilitate decision making on the basis of strong historic and forecast data data.
 • Assess your competitor’s exploration and production asset portfolio.
 • Understand and respond to your competitors business structure, strategy and prospects.
 • Develop strategies based on the latest operational, financial, and regulatory events.
 • Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
 • Identify and analyze the strengths and weaknesses of the leading companies.
 

1 Table of Contents 2
 1.1 List of Tables 8
 1.2 List of Figures 10
 2 Introduction 11
 2.1 What Is This Report About? 11
 2.2 How To Use This Report 11
 2.3 Market Definition 11
 3 Nigeria, Country Snapshot 13
 3.1 Nigeria, Key Data 13
 3.2 Nigeria, Exploration And Production Assets Map 14
 3.3 Nigeria, Crude Oil & Natural Gas Reserves 15
 4 Nigeria, Crude Oil And Natural Gas Production 17
 4.1 Nigeria, Historical Crude Oil Production 17
 4.2 Nigeria, Historical Natural Gas Production 18
 4.3 Nigeria, Crude Oil And Natural Gas Producing Asset Details 20
 4.4 Nigeria, Crude Oil Production Assets By Area 25
 4.5 Nigeria, Natural Gas Production Assets By Area 28
 4.6 Nigeria, Planned Production Assets Details 29
 4.7 Nigeria, Crude Oil Production By Company 30
 4.8 Nigeria, Natural Gas Production By Company 31
 5 Nigeria, Crude Oil And Natural Gas Forecasts 32
 5.1 Nigeria, Forecasted Crude Oil Production Of Key Assets 32
 5.2 Nigeria, Forecasted Natural Gas Production of Key Assets 35
 6 Profile of British Petroleum Plc 36
 6.1 British Petroleum Plc, Key Information 36
 6.2 British Petroleum Plc, Company Overview 36
 6.3 British Petroleum Plc, Business Description 36
 6.3.1 British Petroleum Plc, Business Description, Business Overview 36
 6.3.2 British Petroleum Plc, Business Description, Exploration and Production 37
 6.3.3 British Petroleum Plc, Business Description, Gas, Power and Renewables 38
 6.3.4 British Petroleum Plc, Business Description, Refining and Marketing 40
 6.4 British Petroleum Plc, Value Chain Analysis 44
 6.4.1 British Petroleum Plc, Value Chain Analysis, Upstream 45
 6.4.2 British Petroleum Plc, Value Chain Analysis, Midstream 45
 6.4.3 British Petroleum Plc, Value Chain Analysis, Downstream 46
 6.4.4 British Petroleum Plc, Value Chain Analysis, Retail 47
 6.5 British Petroleum Plc, SWOT Analysis 48
 6.5.1 British Petroleum Plc, SWOT Analysis, Overview 48
 6.5.2 British Petroleum Plc, SWOT Analysis, Strengths 49
 6.5.3 British Petroleum Plc, SWOT Analysis, Weaknesses 50
 6.5.4 British Petroleum Plc, SWOT Analysis, Opportunities 51
 6.5.5 British Petroleum Plc, SWOT Analysis, Threats 52
 6.6 British Petroleum Plc, Revenue Analysis 54
 6.6.1 British Petroleum Plc, Revenue by Segment 54
 6.6.2 British Petroleum Plc, Revenue by Geography 55
 6.7 British Petroleum Plc, Financial and Operational Review 57
 6.7.1 Financial Statements 57
 6.7.2 Financial Ratios 58
 7 Profile Of Eni S.p.A. 59
 7.1 Eni S.p.A., Key Facts 59
 7.2 Eni S.p.A., Company Overview 59
 7.3 Eni S.p.A., Business Description 59
 7.3.1 Eni S.p.A., Business Description, Business Overview 59
 7.3.2 Eni S.p.A., Business Description, Engineering and Construction 60
 7.3.3 Eni S.p.A., Business Description, Exploration & Production 61
 7.3.4 Eni S.p.A., Business Description, Gas & Power 63
 7.3.5 Eni S.p.A., Business Description, Others 64
 7.3.6 Eni S.p.A., Business Description, Petrochemicals 65
 7.3.7 Eni S.p.A., Business Description, Refining and Marketing 66
 7.4 Eni S.p.A., Value Chain Analysis 68
 7.4.1 Eni S.p.A., Value Chain Analysis, Upstream 68
 7.4.2 Eni S.p.A., Value Chain Analysis, Midstream 69
 7.4.3 Eni S.p.A., Value Chain Analysis, Downstream 71
 7.4.4 Eni S.p.A., Value Chain Analysis, Retail 71
 7.5 Eni S.p.A., SWOT Analysis 72
 7.5.1 Eni S.p.A., SWOT Analysis, Overview 72
 7.5.2 Eni S.p.A., SWOT Analysis, Strengths 73
 7.5.3 Eni S.p.A., SWOT Analysis, Weaknesses 74
 7.5.4 Eni S.p.A., SWOT Analysis, Opportunities 76
 7.5.5 Eni S.p.A., SWOT Analysis, Threats 77
 7.6 Eni S.p.A., Revenue Analysis 79
 7.6.1 Eni S.p.A., Revenue by Segment 79
 7.6.2 Eni S.p.A., Revenue by Geography 80
 7.7 Eni S.p.A., Financial and Operational Review 81
 7.7.1 Financial Statements 81
 7.7.2 Financial Ratios 82
 8 Profile of Royal Dutch Shell Plc 83
 8.1 Royal Dutch Shell Plc, Key Information 83
 8.2 Royal Dutch Shell Plc, Company Overview 83
 8.3 Royal Dutch Shell Plc, Business Description 83
 8.3.1 Royal Dutch Shell Plc, Business Description, Overview 83
 8.3.2 Royal Dutch Shell Plc, Business Description, Chemicals 84
 8.3.3 Royal Dutch Shell Plc, Business Description, Corporate and Others 85
 8.3.4 Royal Dutch Shell Plc, Business Description, Exploration and Production 85
 8.3.5 Royal Dutch Shell Plc, Business Description, Gas and Power 88
 8.3.6 Royal Dutch Shell Plc, Business Description, Oil Products 90
 8.3.7 Royal Dutch Shell Plc, Business Description, Oil Sands 92
 8.4 Royal Dutch Shell Plc, Value Chain Analysis 93
 8.4.1 Royal Dutch Shell Plc, Value Chain Analysis, Upstream 94
 8.4.2 Royal Dutch Shell Plc, Value Chain Analysis, Midstream 95
 8.4.3 Royal Dutch Shell Plc, Value Chain Analysis, Retail 95
 8.4.4 Royal Dutch Shell Plc, Value Chain Analysis, Power Generation 96
 8.4.5 Royal Dutch Shell Plc, Value Chain Analysis, Transformation 97
 8.5 Royal Dutch Shell Plc, SWOT Analysis 98
 8.5.1 Royal Dutch Shell Plc, SWOT Analysis, Overview 98
 8.5.2 Royal Dutch Shell Plc, SWOT Analysis, Strengths 99
 8.5.3 Royal Dutch Shell Plc, SWOT Analysis, Weaknesses 100
 8.5.4 Royal Dutch Shell Plc, SWOT Analysis, Opportunities 100
 8.5.5 Royal Dutch Shell Plc, SWOT Analysis, Threats 102
 8.6 Royal Dutch Shell Plc, Revenue Analysis 102
 8.6.1 Royal Dutch Shell Plc, Revenue by Segment 103
 8.6.2 Royal Dutch Shell Plc, Revenue by Geography 104
 8.7 Royal Dutch Shell plc, Financial and Operational Review 105
 8.7.1 Financial Statements 105
 8.7.2 Financial Ratios 106
 9 Recent Developments 107
 9.1 License Rounds 107
 9.1.1 Sep 28, 2008: Nigeria To Invite Bids For Gas Processing Plants And Pipelines 107
 9.2 License Awards 108
 9.2.1 Jul 07, 2008: Indian Firms Lose Nigerian Licenses 108
 9.2.2 Jun 12, 2008: NNPC To Take Over Shell's Ogoni License 108
 9.2.3 Jun 11, 2008: Addax Petroleum Awarded Shallow Water Exploration License In Nigeria 110
 9.3 Strategy and Business Expansion 111
 9.3.1 Sep 02, 2008: NPR To Construct $100 Million Refinery In Abia 111
 9.3.2 Jun 17, 2008: Flex LNG, Mitsubishi And Peak To Develop Nigeria LNG Project 111
 9.3.3 Jun 09, 2008: Flex LNG, Mitsubishi And Peak To Jointly Develop Floating LNG Project, Offshore Nigeria 112
 9.3.4 Jun 06, 2008: Nigeria Enters Into Gas Exploration Deal With Indian, Bahraini Firms 113
 9.3.5 May 20, 2008: Total Launches Its Second Nigerian Deepwater Project 113
 9.3.6 Apr 15, 2008: Petrobras To Begin Oil Production In Nigeria 114
 9.4 Drilling and Production Updates 114
 9.4.1 Sep 10, 2008: Mart Commences Drilling At Qua Ibo-3 Well, Onshore Nigeria 114
 9.4.2 Aug 16, 2008: NNPC To Commence Oil Exploration In Next Month 115
 9.4.3 Jul 31, 2008: Chevron Announces First Oil Production From Agbami Field, Offshore Nigeria 116
 9.4.4 Jul 24, 2008: Mart Commences Initial Oil Production From UMU-3 Well, Onshore Nigeria 117
 9.4.5 Jul 07, 2008: Addax Petroleum Announces Production Milestone In Nigeria 118
 9.4.6 Jun 10, 2008: Afren Announces First Oil From Okoro Setu Project 118
 9.4.7 Jun 05, 2008: Noble Energy Announces Test Results From Benita Oil Appraisal, Equatorial Guinea 120
 9.4.8 May 16, 2008: Mart To Commence Qua Iboe Field Drilling By June Ending 121
 9.4.9 May 13, 2008: Mart Announces Update On Umusadege Field Production 121
 9.4.10 May 01, 2008: Addax Provides Operational Update 122
 9.4.11 Apr 21, 2008: Mart Announces Commencement Of First Oil Production From Its Umusadege Field 123
 9.4.12 Apr 11, 2008: Providence Provides Updates On AJE Field, In OML113, Nigeria 123
 9.5 Other Significant Developments 124
 9.5.1 Sep 25, 2008: Nigeria Warns To Suspend LNG Projects Of Energy Firms 124
 9.5.2 Sep 24, 2008: Nigeria Proposes 2009 Budget Based On 2.3 Million Bpd Oil Production 125
 9.5.3 Sep 22, 2008: OEPL Concludes EIA On OPL 236 Field In Nigeria 125
 9.5.4 Sep 16, 2008: Nigeria Oil Output Declines About 100,000 Barrels Per Day 127
 9.5.5 Sep 16, 2008: NNPC And Sojitz Sign MoU For Obob-Oben Gas Pipeline Project In Nigeria 127
 9.5.6 Sep 11, 2008: Shell Completes Nigeria’s 4D Seismic Survey At Bonga Field 128
 9.5.7 Aug 13, 2008: Mitsubishi To Buy LNG From Progress LNG Project In Nigeria 130
 9.5.8 Aug 07, 2008: Nigeria To Raise Its Oil Output By 100% Over Next Two Years 130
 9.5.9 Jul 24, 2008: Uganda Asks Nigeria's Assistance To Develop Its Oil And Gas Sector 132
 9.5.10 Jul 10, 2008: DPR Reports $2.133 Billion From Bid Rounds 133
 9.5.11 Jul 01, 2008: Nigeria Urges Indian Partnership In Energy Sector 134
 9.5.12 Jun 25, 2008: NNPC Secures $220 Million Financing Deal For GTL Plant 135
 9.5.13 Jun 24, 2008: India Urges Nigeria To Help Indian Firms Win More Exploration Blocks 135
 9.5.14 Jun 12, 2008: Gazprom To Spend $30 Billion On Nigerian Gas Pipeline Project 136
 9.5.15 Jun 12, 2008: Nigeria To Raise Its Oil Production By 2010 136
 9.5.16 Jun 10, 2008: OPEC Nations To Invest $160 Billion On Crude Oil Expansion Programme 137
 9.5.17 Jun 03, 2008: Providence Releases Final AJE 4 Well Results 140
 9.5.18 May 15, 2008: Mart Announces Resolution Of Qua Ibo Field Dispute 141
 9.5.19 May 15, 2008: NIPCO To Construct Refinery Before 2008 Year-End 142
 9.5.20 Apr 23, 2008: Nigeria To Construct Two New Crude Oil Refineries By 2013 142
 9.5.21 Apr 16, 2008: India, China To Construct Oil Refineries In Nigeria 143
 9.5.22 Apr 09, 2008: Mart Provides Update On Umusadege Field First Oil Production 144
 9.6 New Contracts Announcements 144
 9.6.1 Sep 18, 2008: Flex LNG Signs EPCIC Contract With SHI For Liquefaction Unit 144
 9.6.2 Sep 10, 2008: Dresser-Rand Receives LoA From Kanfa Aragon To Supply FLNG 145
 9.6.3 Aug 08, 2008: Falcon Petroleum Signs Oil Exploration Deal In Nigeria 146
 9.6.4 Aug 04, 2008: Shell To Construct Gas Processing Facility To Shore Up NIPP 146
 10 Appendix 148
 10.1 Methodology 148
 10.1.1 Coverage 148
 10.1.2 Secondary Research 149
 10.1.3 Primary Research 149
 10.1.4 Forecasts 150
 10.1.5 Expert Panel Validation 153
 10.2 Definitions 154
 10.3 Unit Of Measure 155
 10.4 Contact Us 155
 10.5 About GlobalData 155
 10.6 Disclaimer 155
 
 1.1 List of Tables
 Table 1: Nigeria, Oil and Gas, Key Statistics, April 2008 13
 Table 2: Nigeria, Total Crude Oil and Natural Gas Reserves (MMBOE), 2000-2012 16
 Table 3: Nigeria, Total Crude Oil Production (MMBBLs), 2000-2007 17
 Table 4: Nigeria, Total Natural Gas Production (BCF), 2000-2007 19
 Table 5: Nigeria, Oil and Gas Asset Details, April 2008 20
 Table 6: Nigeria, Oil and Gas Asset Details, April 2008 (Contd.) 21
 Table 7: Nigeria, Oil and Gas Asset Details, April 2008 (Contd.) 22
 Table 8: Nigeria, Oil and Gas Asset Details, April 2008 (Contd.) 23
 Table 9: Nigeria, Oil and Gas Asset Details, April 2008 (Contd.) 24
 Table 10: Nigeria Offshore, Total Crude Oil Production (Barrels), by Assets, 2000-2007 25
 Table 11: Nigeria Offshore and Onshore, Total Crude Oil Production (Barrels), by Assets, 2000-2007 26
 Table 12: Nigeria Offshore and Onshore, Total Crude Oil Production (Barrels), by Assets, 2000-2007 (Contd.) 27
 Table 13: Nigeria Offshore, Total Natural Gas Production (MMCF), by Assets, 2000-2007 28
 Table 14: Nigeria Offshore and Onshore, Total Natural Gas Production (MMCF), by Assets, 2000-2007 28
 Table 15: Nigeria, Oil and Gas Planned Production Asset Details, OCT 2008 29
 Table 16: Nigeria, Total Crude Oil Production (MMBBLs), by Company, 2000-2007 30
 Table 17: Nigeria, Total Natural Gas Production (BCF), by Company, 2000-2007 31
 Table 18: Nigeia, Total Crude Oil Production (MMBBLs), Forecast by Assets, 2008-2013 32
 Table 19: Nigeia, Total Crude Oil Production (MMBBLs), Forecast by Assets, 2008-2013, (Cont’d) 33
 Table 20: Nigeia, Total Crude Oil Production (MMBBLs), Forecast by Assets, 2008-2013 (Cont’d) 34
 Table 21: Nigeria, Total Natural Gas Production (MMCF), Forecasted by Assets, 2008-2013 35
 Table 22: British Petroleum Plc, Key Facts, 2007 36
 Table 23: British Petroleum Plc, SWOT Analysis, 2007 49
 Table 24: British Petroleum Plc, Revenue by Segment, USD Million, 2003-2007 55
 Table 25: British Petroleum Plc, Revenue by Geography, USD Million, 2003-2007 56
 Table 26: British Petroleum Plc, Financial Statements, USD Million, 2003-2007 57
 Table 27: British Petroleum Plc, Financial Ratios, USD Million, 2003-2007 58
 Table 28: Eni S.p.A., Key Facts, 2007 59
 Table 29: Eni S.p.A., SWOT Analysis, 2007 73
 Table 30: Eni S.p.A., Revenue by Segment, Euro Million, 2003-2007 80
 Table 31: Eni S.p.A., Revenue by Geography, Euro Million, 2003-2007 81
 Table 32: Eni S.p.A., Financial Statements, Euro Million, 2003-2007 81
 Table 33: Eni S.p.A., Financial Ratios, Euro Million, 2003-2007 82
 Table 34: Royal Dutch Shell plc, Key Facts, 2007 83
 Table 35: Royal Dutch Shell plc, SWOT Analysis, 2007 98
 Table 36: Royal Dutch Shell plc, Revenue by Segment, USD Million, 2003-2007 103
 Table 37: Royal Dutch Shell plc, Revenue by Geography, USD Million, 2003-2007 104
 Table 38: Royal Dutch Shell plc, Financial Statements, USD Million, 2003-2007 105
 Table 39: Royal Dutch Shell plc, Financial Ratios, USD Million, 2003-2007 106
 Table 40: Brent Blend NYMEX Future Prices 153
 
 1.2 List of Figures
 Figure 1: Nigeria, Exploration and Production Assets Map, April 2008 14
 Figure 2: Nigeria, Total Crude Oil and Natural Gas Reserves (MMBOE), 2000-2012 15
 Figure 3: Nigeria, Total Crude Oil Production (MMBBLs), 2000-2007 17
 Figure 4: Nigeria, Total Natural Gas Production (BCF), 2000-2007 18
 Figure 5: British Petroleum Plc, Value Chain Analysis 44
 Figure 6: Eni S.p.A., Value Chain Analysis 68
 Figure 7: Royal Dutch Shell plc, Value Chain Analysis 93
 Figure 8: GlobalData Methodology 148