Country report
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56 Pages

Nigeria upstream summary


Nigeria upstream summary

Report summary

Nigeria is the largest oil producer in Africa. Production comes from the Niger Delta: 75,000 square kilometres of onshore swamp and offshore 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. ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.08 MB 56 Pages, 34 Tables, 16 Figures
  • Country Overview XLS - 1.36 MB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Onshore divestments
    • Indigenous companies
  • Geology
    • Introduction
    • Niger delta basin
      • Stratigraphy
      • Source Rocks
      • Reservoir Rocks
      • Trapping Mechanism
    • Keta-Togo-Benin Basin
      • Reservoirs, Traps and Seals
      • Source Rocks
    • Benue trough basin
      • Anambra Sub-Basin
      • Bida Sub-Basin
    • East niger rift basin
    • Illumeden basin
  • Exploration
    • Licensing
      • Early Exploration
      • 1990s
      • 2000 Licensing Round
      • 2005 Licensing Round
      • 2006 Licensing Round
      • 2007 Licensing Round
    • Drilling
      • Drilling activity
      • Historical E&A Activity
      • Success rates
  • Reserves and resources
  • Production
    • Oil/Liquids
      • Production outlook
    • Gas
      • Flaring
  • Infrastructure
    • Oil infrastructure
    • Terminals
      • Oil products
    • Gas infrastructure
  • Costs
    • Introduction
      • NNPC Funding Constraints
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
      • NNPC re-structuring
    • State participation
    • Licensing
      • Oil Exploration Licence (OEL)
      • Oil Prospecting Licence (OPL)
      • Oil Mining Licence (OML)
  • Fiscal terms
    • Overview
    • Upstream
      • Concessions
      • Production Sharing Contracts
      • Service Contracts
    • Mid/Downstream
      • Pipelines
      • Gas Utilisation
    • Current fiscal terms
    • Pioneer status
    • Joint Venture Concessions
      • 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
    • Production Sharing Contracts (1993)
      • 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
    • Production Sharing Contracts (2005, 2006 & 2007 bid rounds)
      • 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

In this report there are 50 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Liquids and Gas Production 2016
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Net Acreage 2016
  • Geology
    • Map of Nigerian Petroleum Basins
    • Offshore Niger Delta
    • Stratigraphic Column of the Niger Delta Basin
  • Exploration
    • Exploration: Table 1
    • Exploration: Table 2
    • Exploration: Table 3
    • Exploration: Table 4
    • Blocks Awarded by Region
    • Drilling Activity by Well Type
    • Drilling Activity and Commercial Success Rates
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
    • Reserves and resources: Table 3
    • Reserves and resources: Table 4
  • Production
    • Production: Table 1
    • Production: Table 2
    • Production: Table 3
    • Production: Table 4
    • Liquids Production by Type
    • Liquids Production by Location
    • Production: Table 5
    • Production: Table 6
    • Sales Gas Production by Region
  • Infrastructure
    • Oil Infrastructure Map
    • Infrastructure: Table 1
    • Gas Infrastructure Map
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Capital Expenditure by Region (US$ Million)
    • Costs: Table 3
    • Costs: Table 4
  • Policy and regulation
  • Fiscal terms
    • 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
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