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Nigeria risk profile

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25 December 2017

Nigeria risk profile

Report summary

Despite a long history of IOC involvement, operators in Nigeria face numerous risks in access and development. Cumbersome bureaucracy can mean permitting delays of over a year, and certain fields are only open to indigenous firms. Development risks are high due to security threats, including community and environmental protests, growing levels of oil theft, and the threat of militancy. The longevity of the industry presence means that there are well established routes to export both oil and gas.

Table of contents

  • Executive summary
    • Political facts
    • Key Legislation
      • Nigerian Petroleum Fiscal Policy (NPFP)
        • The NPFP's main elements include:
        • Reputational Risk
    • I. Access Risks
      • 1. Ease of entry
        • Ease of entry - 0.75
      • 2. Fiscal system
        • Fiscal system - 0.5
      • 3. Contract sanctity
        • Contract sanctity - 0.5
      • 4. State presence
        • State presence - 0.75
      • 5. Regulation
        • Regulation - 1.0
      • 6. Corruption
        • Corruption - 0.75
      • 7. Geopolitics
        • Geopolitics - 0.0
        • II. Development Risks
          • 8. Labour activism
            • Labour activism - 0.5
          • 9. Natural hazards
            • Natural hazards - 0.5
          • 10. Civil unrest
            • Civil unrest - 0.5
          • 11. Security
            • Security - 1.0
          • 12. Environment
            • Environment - 0.75
          • 13. Supply chain
            • Supply chain - 0.25
          • 14. Local content
        • III. Commercialisation Risks
          • 15. Infrastructure
            • Infrastructure - 0.5
          • 16. Fiscal stability
            • Fiscal stability - 0.50
          • 17. Pricing
            • Pricing - 0.25
          • 18. Currency risk
            • Currency risk - 0.5
          • 19. Domestic market obligation
            • Domestic market obligation - 0.25
          • 20. Gas market access
            • Gas market access - 0.5
          • 21. OPEC affiliation
            • OPEC affiliation - 0.25
  • Risk matrix
    • Niger Delta Onshore Basin assets
      • Access
      • Development
      • Commercialisation
    • Niger Delta Offshore Basin assets
      • Access
      • Development
      • Commercialisation

Tables and charts

This report includes 11 images and tables including:

  • Executive summary: Table 1
  • Asset Risk Index (ARI) forecast - Nigeria
  • Political map
  • Oil supply-demand balance
  • Gas supply-demand balance
  • Key Ministries and Agencies
  • Nigeria Risk Matrix - 2017
  • Political developments: Table 1
  • Niger Delta Onshore Basin map
  • Niger Delta Offshore Basin map
  • Location map

What's included

This report contains:

  • Document

    Nigeria risk profile

    PDF 1.25 MB

  • Document

    Research methodology country and asset risk.pdf

    PDF 251.22 KB

  • Document

    Nigeria risk profile

    ZIP 1.45 MB

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