Nigeria upstream summary
Report summary
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- The Majors
- Indigenous companies
- M&A
-
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 licence round
- 2005 licence round
- 2006 licence round
- 2007 licence round
- 2020 Marginal Field Bid Round
-
Drilling
- Drilling activity
- Historical exploration
- Success rates
-
Licensing
- Reserves and resources
-
Production
-
Oil/Liquids
- Production outlook
-
Gas
- Flaring
-
Oil/Liquids
-
Infrastructure
- Oil infrastructure
- Terminals
- Oil products
- Gas infrastructure
-
Costs
-
Introduction
- Historical NNPC funding constraints
- New NNPC funding model
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Introduction
-
Policy and regulation
-
Key legislation
- Amendment to the Deep Offshore and Inland Basin PSC Act
- Industry reform process
- Regulatory body
-
State oil company
- NNPC re-structuring
- State participation
-
Licensing
- Oil Exploration Licence (OEL)
- Oil Prospecting Licence (OPL)
- Oil Mining Licence (OML)
-
Key legislation
-
Fiscal terms
- Overview
-
Upstream
- Concessions
- Production Sharing Contracts
- Indigenous Sole Risk Contracts
- Service Contracts
-
Mid/Downstream
- Pipelines
- Gas Utilisation
- Current fiscal terms
-
Joint Venture Concessions
- State equity participation
- Carry & Reimbursement
- Signature bonuses
- Production bonuses
- Area rentals
- Training fees
- Indirect taxes
- Royalty
- Marginal field royalties
- 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
- Pioneer status
-
Production Sharing Contracts (1993)
- State equity participation
- Signature bonuses
- Production bonuses
- Area rentals
- Training fees
- Other bonuses & fees
- Indirect taxes
- Royalty
- Increase in deepwater royalties
- 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
Tables and charts
This report includes 49 images and tables including:
- Key facts: Table 1
- Country Map
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Reserves and resources: Table 3
- Reserves and resources: Table 4
- Liquids and Gas Production 2020
- Reserves and contingent resources at 01/01/2020
- Net Acreage 2020
- Map of Nigerian Petroleum Basins
- Offshore Niger Delta
- Oil Infrastructure Map
- Infrastructure: Table 1
- Gas Infrastructure Map
- Stratigraphic Column of the Niger Delta Basin
- Exploration: Table 1
- Exploration: Table 2
- Exploration: Table 3
- Exploration: Table 4
- Drilling Activity by Well Type
- Drilling Activity and Commercial Success Rates
- 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
- 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
- Fiscal terms: Table 15
What's included
This report contains:
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