Overview:

Summary
 
 This profile is the essential source for top-level energy industry data and information. The report provides an overview of the oil industry in Nigeria. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for the industry. It also provides information relating to the oil assets (oil fields, refineries, pipelines and storage terminals) in Nigeria. The report also analyses the fiscal regime relevant to the oil assets in Nigeria and compares the investment environment in Nigeria with other countries in the region. The profiles of the major companies operating in the oil sector in Nigeria together with the latest news and deals are also included in the report.
 
 Scope
 
 - Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for the oil industry for the period 1995-2020.
 - Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Nigeria Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 for the period 1995-2020.
 - Operator and equity details for major oil assets in Nigeria Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020
 - Key information relating to market regulations, key energy assets and the key companies operating in the Nigeria Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020’s oil industry.
 - Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
 - Information on the top companies in the Nigeria Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 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 and venture capital investments, and IPOs.
 
 Reasons to buy
 
 - Gain a strong understanding of the country’s energy market.
 - Facilitate market analysis and forecasting of future industry trends.
 - Evaluate the attractiveness of the geography for oil investment in the light of government policies and the fiscal environment.
 - Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
 - Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream oil assets.
 - Assess your competitor’s major crude oil assets and their performance.
 - Analyze the latest news and financial deals in the oil sector of each country.
 - 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 in the country.

 1 Table of Contents 2
 1.1 List of Tables 9
 1.2 List of Figures 12
 2 Nigeria Energy Sector 13
 2.1 Nigeria Energy Sector, Market Overview 13
 2.2 Nigeria Energy Sector, Crude Oil 14
 2.2.1 Nigeria Crude Oil, Overview 14
 2.2.2 Nigeria Crude Oil, Supply and Demand Balance 14
 2.2.3 Nigeria Crude Oil, Regulatory Structure 20
 2.2.4 Nigeria Crude Oil, Infrastructure 21
 3 Nigeria Fiscal Regime 23
 3.1 Nigeria Petroleum Fiscal Environment 23
 3.2 License Terms 24
 3.3 Key Fiscal Terms 26
 3.4 Sample Cashflows Calculations 31
 4 Nigeria Oil Upstream Investment Environment Benchmarking 32
 4.1 Introduction 32
 4.2 The Overall Ranking 32
 4.3 Upstream Fiscal Attractiveness 33
 4.3.1 Maximum Government Take Index 34
 4.3.2 Fiscal Flexibility 34
 4.3.3 Maximum State Participation 35
 4.3.4 Maximum Domestic Market Obligation 35
 4.4 Oil Sector Performance 35
 4.4.1 Exploration Activity 37
 4.4.2 Oil Production 38
 4.4.3 Oil Reserves 38
 4.4.4 Oil Consumption 39
 4.4.5 Refining Industry 39
 4.5 Economic Performance 39
 4.5.1 GDP Growth Index 41
 4.5.2 FDI Confidence Index 41
 4.5.3 Balance of Trade Index 42
 4.6 Socio-Political Performance 42
 4.6.1 Democracy Index 44
 4.6.2 Governance Index 44
 5 Nigeria Exploration and Production Sector 45
 5.1 Nigeria Exploration and Production Sector, Country Snapshot 45
 5.1.1 Nigeria Exploration and Production Sector, Key Data 45
 5.1.2 Nigeria Exploration and Production Sector, Crude Oil Assets Map 45
 5.2 Nigeria Exploration and Production Sector, Gross Crude Oil Production 46
 5.2.1 Nigeria Exploration and Production Sector, Gross Crude Oil-Historical Production 46
 5.2.2 Nigeria Exploration and Production Sector, Gross Crude Oil Production by Assets 47
 5.2.3 Nigeria Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 52
 5.2.4 Nigeria Exploration and Production Oil Sector, Market Share (%) based on Gross Equity Weighted Crude Oil Production 53
 5.3 Nigeria Exploration and Production Sector, Gross Crude Oil Forecasts 55
 5.3.1 Nigeria Exploration and Production Sector, Gross Crude Oil Forecasted Production 55
 5.3.2 Nigeria Exploration and Production Sector, Gross Revenue Forecast 57
 5.3.3 Nigeria Exploration and Production Sector, Government Take Forecast 59
 5.3.4 Nigeria Exploration and Production Sector, Contractor Take Forecast 61
 5.4 Nigeria Exploration And Production Sector, Crude Oil Asset Details 63
 5.4.1 Nigeria Exploration And Production Sector, Active Crude Oil Asset Details 63
 5.4.2 Nigeria Exploration And Production Sector, Planned Crude Oil Asset Details 63
 6 Nigeria Pipeline Sector 64
 6.1 Nigeria Pipeline Sector, Key Data 64
 6.2 Nigeria Pipeline Sector, an Overview 64
 6.3 Nigeria Pipeline Sector, Comparision of Key Crude Oil Pipeline Companies 64
 6.4 Nigeria Pipeline Sector, Comparision of Key Petroleum Product Pipeline Companies 65
 6.5 Nigeria Pipeline Sector, Crude Oil Pipelines 66
 6.6 Nigeria Pipeline Sector, Petroleum Product Pipelines 67
 7 Nigeria Refining Sector 68
 7.1 Nigeria Refining Sector, Key Data 68
 7.2 Nigeria Refining Sector, An Overview 68
 7.2.1 Nigeria Refining Sector, Total Refining Capacity 68
 7.3 Nigeria Refining Sector, Capacity- Wise Market Share by Company 69
 7.4 Nigeria Refining Sector, Crude Distillation Unit Capacity 70
 7.5 Nigeria Refining Sector, Fluid Catalytic Cracking Capacity 71
 8 Nigeria Oil and Chemicals Storage Sector 72
 8.1 Nigeria Oil and Chemicals Storage Sector, Key Data 72
 8.2 Nigeria Oil and Chemicals Storage Sector, An Overview 72
 8.2.1 Nigeria Oil and Chemicals Storage Sector, Total Storage Capacity 72
 8.3 Nigeria Oil and Chemicals Storage Sector, Capacity-Wise Market Share By Company 73
 8.4 Nigeria Oil and Chemicals Storage Sector, Storage Capacity 75
 9 Profile of Royal Dutch Shell Plc 76
 9.1 Royal Dutch Shell Plc, Key Information 76
 9.2 Royal Dutch Shell Plc, Company Overview 76
 9.3 Royal Dutch Shell Plc, Business Description 76
 9.3.1 Royal Dutch Shell Plc, Business Description, Overview 76
 9.3.2 Royal Dutch Shell Plc, Business Description, Chemicals 77
 9.3.3 Royal Dutch Shell Plc, Business Description, Corporate and Others 78
 9.3.4 Royal Dutch Shell Plc, Business Description, Exploration and Production 78
 9.3.5 Royal Dutch Shell Plc, Business Description, Gas and Power 80
 9.3.6 Royal Dutch Shell Plc, Business Description, Oil Products 82
 9.3.7 Royal Dutch Shell Plc, Business Description, Oil Sands 84
 9.4 Royal Dutch Shell Plc, Value Chain Analysis 85
 9.4.1 Royal Dutch Shell Plc, Value Chain Analysis, Upstream 85
 9.4.2 Royal Dutch Shell Plc, Value Chain Analysis, Midstream 86
 9.4.3 Royal Dutch Shell Plc, Value Chain Analysis, Retail 87
 9.4.4 Royal Dutch Shell Plc, Value Chain Analysis, Power Generation 88
 9.4.5 Royal Dutch Shell Plc, Value Chain Analysis, Transformation 88
 9.5 Royal Dutch Shell Plc, SWOT Analysis 89
 9.5.1 Royal Dutch Shell Plc, SWOT Analysis, Overview 89
 9.5.2 Royal Dutch Shell Plc, SWOT Analysis, Strengths 90
 9.5.3 Royal Dutch Shell Plc, SWOT Analysis, Weaknesses 90
 9.5.4 Royal Dutch Shell Plc, SWOT Analysis, Opportunities 91
 9.5.5 Royal Dutch Shell Plc, SWOT Analysis, Threats 92
 9.6 Royal Dutch Shell Plc, Revenue Analysis 93
 9.6.1 Royal Dutch Shell Plc, Revenue by Segment 93
 9.6.2 Royal Dutch Shell Plc, Revenue by Geography 94
 9.7 Royal Dutch Shell plc, Financial and Operational Review 95
 9.7.1 Financial Statements 95
 9.7.2 Financial Ratios 96
 10 Profile of Exxon Mobil Corporation 97
 10.1 Exxon Mobil Corporation, Key Information 97
 10.2 Exxon Mobil Corporation, Company Overview 97
 10.3 Exxon Mobil Corporation, Business Description 97
 10.3.1 Exxon Mobil Corporation, Business Description, Overview 97
 10.3.2 Exxon Mobil Corporation, Business Description, Chemical 97
 10.3.3 Exxon Mobil Corporation, Business Description, Downstream 99
 10.3.4 Exxon Mobil Corporation, Business Description, Upstream 101
 10.4 Exxon Mobil Corporation, Value Chain Analysis 103
 10.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 103
 10.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 104
 10.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 105
 10.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 105
 10.5 Exxon Mobil Corporation, SWOT Analysis 105
 10.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 105
 10.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 106
 10.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 108
 10.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 110
 10.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 111
 10.6 Exxon Mobil Corporation, Revenue Analysis 113
 10.6.1 Exxon Mobil Corporation, Revenue by Segment 113
 10.6.2 Exxon Mobil Corporation, Revenue by Geography 113
 10.7 Exxon Mobil Corporation, Financial and Operational Review 115
 10.7.1 Financial Statements 115
 10.7.2 Financial Ratios 116
 11 Profile Of Eni S.p.A. 117
 11.1 Eni S.p.A., Key Facts 117
 11.2 Eni S.p.A., Company Overview 117
 11.3 Eni S.p.A., Business Description 117
 11.3.1 Eni S.p.A., Business Description, Business Overview 117
 11.3.2 Eni S.p.A., Business Description, Engineering and Construction 118
 11.3.3 Eni S.p.A., Business Description, Exploration & Production 119
 11.3.4 Eni S.p.A., Business Description, Gas & Power 120
 11.3.5 Eni S.p.A., Business Description, Others 122
 11.3.6 Eni S.p.A., Business Description, Petrochemicals 122
 11.3.7 Eni S.p.A., Business Description, Refining and Marketing 123
 11.4 Eni S.p.A., Value Chain Analysis 125
 11.4.1 Eni S.p.A., Value Chain Analysis, Upstream 125
 11.4.2 Eni S.p.A., Value Chain Analysis, Midstream 126
 11.4.3 Eni S.p.A., Value Chain Analysis, Downstream 127
 11.4.4 Eni S.p.A., Value Chain Analysis, Retail 128
 11.5 Eni S.p.A., SWOT Analysis 128
 11.5.1 Eni S.p.A., SWOT Analysis, Overview 128
 11.5.2 Eni S.p.A., SWOT Analysis, Strengths 129
 11.5.3 Eni S.p.A., SWOT Analysis, Weaknesses 130
 11.5.4 Eni S.p.A., SWOT Analysis, Opportunities 132
 11.5.5 Eni S.p.A., SWOT Analysis, Threats 133
 11.6 Eni S.p.A., Revenue Analysis 134
 11.6.1 Eni S.p.A., Revenue by Segment 134
 11.6.2 Eni S.p.A., Revenue by Geography 135
 11.7 Eni S.p.A., Financial and Operational Review 137
 11.7.1 Financial Statements 137
 11.7.2 Financial Ratios 138
 12 Financial Deals Landscape 139
 12.1 Detailed Deal Summary 139
 12.1.1 Acquisition 139
 12.1.2 Partnerships 142
 12.1.3 Asset Transactions 147
 13 Recent Developments 165
 13.1 License Awards 165
 13.1.1 Mar 23, 2009: GAIL Being Chosen By Nigeria For Gas Reserves Development 165
 13.1.2 Mar 23, 2009: Oando Wins ROW Approval For South East Gas Pipeline Project In Nigeria 165
 13.2 Strategy and Business Expansion 166
 13.2.1 Feb 25, 2009: Total, Gazprom Plans To Participate In Sahara Gas Pipeline Venture 166
 13.3 Recent Discoveries 167
 13.3.1 Mar 23, 2009: Addax Petroleum Finds Oil At Awo Omamma In Nigeria 167
 13.3.2 Feb 17, 2009: NPDC Finds Three Gas Wells At Oredo Near Benin In Edo State, Nigeria 168
 13.4 Drilling and Production Updates 168
 13.4.1 Mar 31, 2009: Nigeria LNG Receives Gas From Shell's Feeder Plants, Soku 168
 13.4.2 Mar 27, 2009: NNPC Crude Oil Earnings Drops By 50% 169
 13.4.3 Mar 13, 2009: Mart Resources Announces Second Test Results On UMU-5 Well In Umusadege Field, Onshore Nigeria 170
 13.4.4 Mar 11, 2009: ERHC Energy Announces Progress Toward Drilling On JDZ Block 4 In Nigeria 171
 13.4.5 Mar 05, 2009: Total's Akpo Gas And Condensate Field Offshore Nigeria Commences Production 171
 13.4.6 Feb 19, 2009: Providence Resources Prepares Development Plan For Aje Field In OML113, Offshore Nigeria 172
 13.5 Other Significant Developments 173
 13.5.1 Mar 31, 2009: Eterna Oil & Gas To Invest NGN4 Billion In LNG Development 173
 13.5.2 Mar 30, 2009: KNOC Moves To Court Over Nigeria Oil Blocks 173
 13.5.3 Mar 25, 2009: Total To Commission Akpo Field By June 2009 174
 13.5.4 Mar 24, 2009: Total Spots First LNG Cargo To Sabine Pass Terminal In Mid-April 2009 176
 13.5.5 Mar 19, 2009: Nigeria Picks 15 Energy Companies For Gas Projects 176
 13.5.6 Mar 18, 2009: Nigeria To Boost Oil Production By 2013 176
 13.5.7 Mar 17, 2009: Nigeria LNG Renews Maintenance Services Contract With Baker/OTSN 178
 13.5.8 Mar 16, 2009: Nigeria Assures Completion Of West Africa Gas Pipeline Project In 2010 178
 13.5.9 Mar 12, 2009: Nigeria Allocates $60 Billion For Oil And Gas Projects 180
 13.5.10 Mar 10, 2009: Mart Resources Announces Initial Test Results On UMU-5 Well In Umusadege Field, Onshore Nigeria 181
 13.5.11 Mar 09, 2009: Nigeria To Bring In New Legislation For Restructuring Its Oil And Gas Sector 182
 13.5.12 Mar 04, 2009: Shell Confirms Explosions On Trans Escravos Pipeline In Delta State, Nigeria 183
 13.5.13 Mar 03, 2009: Shell Closes Oil Installations In Nigeria 184
 13.5.14 Mar 01, 2009: Nigeria To Sell Four Oil Refineries For Raising Funds 184
 13.5.15 Feb 26, 2009: Total Yet To Make Final Investment Decision On Brass LNG Project In Nigeria 185
 13.5.16 Feb 25, 2009: NNPC Signs MCA For Investment In Upstream Projects 186
 13.5.17 Feb 24, 2009: Nigeria Imports 85% Of Its Petroleum Product Needs 187
 13.5.18 Feb 16, 2009: Hardy Updates On Its Operations In India And Nigeria 188
 13.6 New Contracts Announcements 190
 13.6.1 Mar 24, 2009: Total To Supply Apko Gas To Nigeria LNG 190
 14 Appendix 192
 14.1 Methodology 192
 14.1.1 Coverage 192
 14.1.2 Secondary Research 193
 14.1.3 Primary Research 193
 14.1.4 E&P Forecasts 194
 14.1.5 Midstream Forecasts 195
 14.1.6 Expert Panel Validation 195
 14.2 Contact Us 196
 14.3 About GlobalData 196
 14.4 Disclaimer 196
 
 1.1 List of Tables
 Table 1: Nigeria, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 15
 Table 2: Nigeria, Historical and Forecasted Export of Crude Oil, 1996-2020 17
 Table 3: Nigeria, Historical Reserves of Crude Oil, 1996-2008 19
 Table 4: Nigeria, Crude Oil and Natural Gas, Exploration commitment 25
 Table 5: Nigeria, Crude Oil and Natural Gas, offshore Royalty Rate For PSC Contracts 27
 Table 6: Nigeria, Crude Oil and Natural Gas, Royalty Rate For Joint Venture Contracts 27
 Table 7: Nigeria, Crude Oil and Natural Gas, Profit Oil/Gas 28
 Table 8: Nigeria, Crude Oil and Natural Gas, Investment tax credit 30
 Table 9: West Africa, Investment Benchmarking, Overall Country Rankings, 2008 32
 Table 10: West Africa, Investment Benchmarking, Upstream Fiscal Attractiveness, 2008 33
 Table 11: West Africa, Investment Benchmarking, Oil Sector Performance, 2008 35
 Table 12: West Africa, Investment Benchmarking, Economic Performance, 2008 40
 Table 13: West Africa, Country Standings, Economic Performance, 2008 40
 Table 14: West Africa, Investment Benchmarking, Socio-Political Performance, 2008 42
 Table 15: West Africa, Country Standings, Socio-Political Performance, 2008 43
 Table 16: Nigeria, Crude Oil Key Statistics, 2008 45
 Table 17: Nigeria, Total Gross Crude Oil Production (MMBBLs), 2001-2008 46
 Table 18: Nigeria, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 47
 Table 19: Nigeria, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2001-2008 52
 Table 20: Nigeria, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 53
 Table 21: Nigeria, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 55
 Table 22: Nigeria, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 (Contd.) 56
 Table 23: Nigeria, Forecasted Assets-wise Gross Revenue (000'$), 2009-2014 57
 Table 24: Nigeria, Forecasted Assets-wise Gross Revenue (000'$), 2009-2014 (Contd.) 58
 Table 25: Nigeria, Projected Assets-wise Total Government Take (000'$), 2009-2014 59
 Table 26: Nigeria, Projected Assets-wise Total Government Take (000'$), 2009-2014 (Contd.) 60
 Table 27: Nigeria, Projected Assets-wise Total Contractor Take (000'$), 2009-2014 61
 Table 28: Nigeria, Projected Assets-wise Total Contractor Take (000'$), 2009-2014 (Contd.) 62
 Table 29: Nigeria, Active Oil Field Assets Details 63
 Table 30: Nigeria, Planned Oil Field Assets Details 63
 Table 31: Nigeria, Pipeline Key Statistics, 2008 64
 Table 32: Nigeria, Crude Oil Pipeline Length by Company (Km), 2008 64
 Table 33: Nigeria, Petroleum Product Pipeline Length by Company (Km), 2008 65
 Table 34: Nigeria, Crude Oil Pipelines, 2008 66
 Table 35: Nigeria, Petroleum Product Pipelines, 2008 67
 Table 36: Nigeria, Refinery Key Statistics, 2008 68
 Table 37: Nigeria, Total Refining Capacity (MMTPA), 2000- 2013 68
 Table 38: Nigeria, Refining Capacity Company-wise (MMTPA), 2000-2013 69
 Table 39: Nigeria, Crude Distillation Unit Capacity (MMTPA), 2000-2013 70
 Table 40: Nigeria, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2013 71
 Table 41: Nigeria, Oil Storage Key Statistics, 2008 72
 Table 42: Nigeria, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 72
 Table 43: Nigeria, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 73
 Table 44: Nigeria, Storage Capacity (Thousand M3), 2000-2013 75
 Table 45: Royal Dutch Shell plc, Key Facts 76
 Table 46: Royal Dutch Shell plc, SWOT Analysis 89
 Table 47: Royal Dutch Shell plc, Revenue by Segment, USD Million, 2003-2007 94
 Table 48: Royal Dutch Shell plc, Revenue by Geography, USD Million, 2003-2007 95
 Table 49: Royal Dutch Shell plc, Financial Statements, USD Million, 2003-2007 95
 Table 50: Royal Dutch Shell plc, Financial Ratios, USD Million, 2003-2007 96
 Table 51: Exxon Mobil Corporation, Key Facts 97
 Table 52: Exxon Mobil Corporation, SWOT Analysis 106
 Table 53: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 113
 Table 54: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 114
 Table 55: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 115
 Table 56: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 116
 Table 57: Eni S.p.A., Key Facts 117
 Table 58: Eni S.p.A., SWOT Analysis 129
 Table 59: Eni S.p.A., Revenue by Segment, Euro Million, 2003-2007 135
 Table 60: Eni S.p.A., Revenue by Geography, Euro Million, 2003-2007 136
 Table 61: Eni S.p.A., Financial Statements, Euro Million, 2003-2007 137
 Table 62: Eni S.p.A., Financial Ratios, Euro Million, 2003-2007 138
 Table 63: White Nile To Acquire PA Energy Africa 139
 Table 64: IndianOil And Oil India Acquire 50% Stake In Suntera Nigeria OPL 205 From Suntera Resources 140
 Table 65: Essar Oil Plan To Acquire Port Harcourt Refining Company 141
 Table 66: Gazprom And Nigerian National Petroleum To Form Joint Venture 142
 Table 67: Gazprom To Form A Joint Venture With Nigerian National Petroleum 143
 Table 68: Afren And Global Energy Company Form Joint Venture 144
 Table 69: Hyundai Heavy And Nigerian National Petroleum Form Joint Venture 145
 Table 70: Eni Partners With Nigerian National Petroleum 146
 Table 71: Moni Pulo Petroleum Acquires Three New Oil Blocks 147
 Table 72: Oando Acquires 15% Stake In Two Blocks From Agip 148
 Table 73: Oando To Acquire 30% Interest In Akepo Oil Field From Exile Resources 150
 Table 74: Total To Acquire Interest In Exploration Blocks OPL 285 And OPL 279 151
 Table 75: Total Signs Agreement With OMEL To Acquire Interests In OPL 279 And 285 Blocks 152
 Table 76: Energem Resources To Sell Its 30% Interest In Fuel Product Tank Farm 153
 Table 77: Addax Petroleum Acquires Shallow Water Exploration License OPL227 In Nigeria 154
 Table 78: Total To Acquire Stake In Blocks OPL-279 And OPL-285 From ONGC Mittal Energy 155
 Table 79: Hardy Oil and Gas Sells 20% Interest In Oza Field To Emerald Energy Resources 156
 Table 80: Afren Enters Into A Farm-In Agreement With Oriental Energy Resources 157
 Table 81: Total Acquires 40% Interest In OPL 257 License From Conoil Producing 158
 Table 82: Oando Acquires 49.8% Stake In Two Blocks From Shell 159
 Table 83: Addax Petroleum To Acquire 40% Interest In JDZ Block 1 From Esso Exploration and Production 161
 Table 84: Elf Petroleum Nigeria Acquires 36% Interest In Oil Prospecting Lease (OPL) 247 162
 Table 85: Elf Petroleum Nigeria Acquires 40% Interest In Offshore Oil Mining Lease From Conoil Producing 163
 Table 86: Syntroleum Sells Its Exploration And Production Holdings To Energy Equity Resources 164
 
 1.2 List of Figures
 Figure 1: Nigeria, Energy Sector break-up, 2008 13
 Figure 2: Nigeria, Crude Oil Production And Consumption (Thousand Barrels Per Day), 1996-2020 16
 Figure 3: Nigeria, Crude Oil Exports (Thousand Barrels Per Day), 1996-2020 18
 Figure 4: Nigeria, Crude Oil Reserves (Million Barrels), 1996-2008 20
 Figure 5: West Africa, Country Standings, Upstream Fiscal Attractiveness, 2008 34
 Figure 6: West Africa, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, 2008 36
 Figure 7: West Africa, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, 2008 37
 Figure 8: West Africa, Country Standings, Exploration Blocks Awarded, 2008 38
 Figure 9: West Africa, Country Standings, Economic Performance, 2008 41
 Figure 10: West Africa, Country Standings, Socio-Political Performance, 2008 43
 Figure 11: Nigeria, Crude Oil Assets Map, 2008 45
 Figure 12: Nigeria, Total Gross Crude Oil Production (MMBBLs), 2001-2008 46
 Figure 13: Nigeria, Gross Equity Weighted Crude Oil Production (MMBBLs),by Company, 2001-2008 53
 Figure 14: Nigeria, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2008 54
 Figure 15: Nigeria, Crude Oil Pipeline Length by Company (Km), 2008 65
 Figure 16: Nigeria, Total Refining Capacity (MMTPA), 2000- 2013 69
 Figure 17: Nigeria, Refining Capacity Company-wise (MMTPA), 2013 70
 Figure 18: Nigeria, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 73
 Figure 19: Nigeria, Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 74
 Figure 20: Royal Dutch Shell plc, Value Chain Analysis 85
 Figure 21: Exxon Mobil Corporation, Value Chain Analysis 103
 Figure 22: Eni S.p.A., Value Chain Analysis 125
 Figure 23: GlobalData Methodology 192