Storing up trouble: how long can Nigerian production be sustained?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Executive Summary
- Short-run costs are not being covered
- Why shut-ins are unlikely for now
-
Plummeting prices
- Lack of integration hurts NNPC
- Integrated IOCs fare better
- Storage fill poses a growing risk
- Is recovery on the way?
Tables and charts
This report includes the following images and tables:
- Nigeria's short-run marginal cost stack
- Build-up of floating storage at Bonny
- Crude storage capacity in Nigeria (million barrels)
- Impact of monthly 950,000 bbl cargo deferrals on large FPSO storage capacity
What's included
This report contains:
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