Country Report

Nigeria upstream summary

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Report summary

Nigeria is the largest oil producer in Africa. Production comes from the Niger Delta: 75,000 square kilometres of onshore swamp and shallow water, leading to a deepwater frontier up to 150 kilometres offshore. Nigeria produces high quality sweet crude, from the prolific Tertiary, Agbada Formation. Reservoirs tend to be small, with hundreds of small deposits throughout the delta. Based on commercial remaining reserves, the Niger Delta is approximately half-way through its life. However, ...

What's included

This report contains

  • Document

    Country Overview

    PDF 1.01 MB

  • Document

    Country Overview

    XLS 1.37 MB

  • Document

    Country Overview

    ZIP 2.19 MB

  • Document

    Executive summary

    PDF 84.64 KB

  • Document

    Key facts

    PDF 72.01 KB

  • Document

    Location maps

    PDF 302.82 KB

  • Document

    Key companies

    PDF 115.48 KB

  • Document

    Geology

    PDF 249.59 KB

  • Document

    Exploration

    PDF 142.93 KB

  • Document

    Reserves and resources

    PDF 115.75 KB

  • Document

    Production

    PDF 168.65 KB

  • Document

    Infrastructure

    PDF 339.51 KB

  • Document

    Costs

    PDF 121.59 KB

  • Document

    Policy and regulation

    PDF 99.76 KB

  • Document

    Fiscal terms

    PDF 148.89 KB

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • Onshore divestments
    • Indigenous companies
      • Early exploration
      • 1990s
      • 2000 Licence Round
      • 2005 Licence Round
      • 2006 Licensing Round
      • 2007 Licence Round
      • Drilling activity
      • Historical exploration
      • Success rates
  • Reserves and resources
    • Oil infrastructure
      • Oil products
    • Gas infrastructure
    • Key legislation
    • The Petroleum Industry Reform Bill (PIRB)
    • Regulatory body
      • NNPC re-structuring
    • State participation
      • Oil Exploration Licence (OEL)
      • Oil Prospecting Licence (OPL)
      • Oil Mining Licence (OML)
    • Overview
      • Concessions
      • Production Sharing Contracts
      • Service Contracts
      • Pipelines
      • Gas Utilisation
    • Current fiscal terms
    • Pioneer status
      • State equity participation
      • Carry & Reimbursement
      • Signature bonuses
      • Production bonuses
      • Area rentals
      • Training fees
      • Indirect taxes
      • Royalty
      • Export duty
      • Environmental / CO2 taxes
      • Domestic Market Obligation (DMO)
      • Contractor revenue entitlement
      • Liquids Pricing
      • Gas Pricing
      • Corporate (or Petroleum) Income Tax
      • Taxable Income
      • Investment Uplift/Credit
      • Gas
      • Fiscal/Contractual Consolidation
      • Dividend Withholding Tax
      • Other Taxes
      • State equity participation
      • Signature bonuses
      • Production bonuses
      • Area rentals
      • Training fees
      • Other bonuses & fees
      • Indirect taxes
      • Royalty
      • Export duty
      • Environmental / CO2 taxes
      • Domestic Market Obligation (DMO)
      • Contractor revenue entitlement
      • Liquids Pricing
      • Natural Gas Pricing
      • PSC cost recovery
      • PSC profit sharing
      • Corporate (or Petroleum) Income Tax
      • Fiscal/Contractual Consolidation
      • Dividend Withholding Tax
      • Other Taxes
      • State equity participation
      • Signature bonuses
      • Production Bonuses
      • Area rentals
      • Training fees
      • Other bonuses & fees
      • Indirect taxes
      • Royalty
      • Export duty
      • Environmental/CO2 taxes
      • Domestic Market Obligation (DMO)
      • Contractor revenue entitlement
      • Liquids Pricing
      • Natural Gas Pricing
      • PSC cost recovery
      • Cost carry forward
      • PSC profit sharing
      • Taxable Income
      • Corporate (or Petroleum) Income Tax
      • Fiscal/Contractual Consolidation
      • Dividend Withholding Tax
      • Other Taxes

Tables and charts

This report includes 49 images and tables including:

Tables

  • Key facts: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Reserves and resources: Table 3
  • Reserves and resources: Table 4
  • Exploration: Table 1
  • Exploration: Table 2
  • Exploration: Table 3
  • Exploration: Table 4
  • Production: Table 1
  • Production: Table 2
  • Production: Table 3
  • Production: Table 4
  • Production: Table 5
  • Production: Table 6
  • Infrastructure: Table 1
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5
  • Fiscal terms: Table 6
  • Fiscal terms: Table 7
  • Fiscal terms: Table 8
  • Fiscal terms: Table 9
  • Fiscal terms: Table 10
  • Fiscal terms: Table 11
  • Fiscal terms: Table 12
  • Fiscal terms: Table 13
  • Fiscal terms: Table 14

Images

  • Country Map
  • Liquids and Gas Production 2017
  • Remaining Commercial and Technical Reserves at 01/01/2018
  • Net Acreage 2018
  • Map of Nigerian Petroleum Basins
  • Offshore Niger Delta
  • Oil Infrastructure Map
  • Gas Infrastructure Map
  • Stratigraphic Column of the Niger Delta Basin
  • Drilling Activity by Well Type
  • Drilling Activity and Commercial Success Rates
  • Liquids Production by Type
  • Liquids Production by Location
  • Sales Gas Production by Region
  • Capital Expenditure by Region (US$ Million)

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