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