NIGERIA

(in West Africa)

CAPITAL: ABUJA

POPULATION: 132 mm

AREA (on): 923,800 km2

OIL PEAK: 2013 (forecast)

SUPPLY

As a member of OPEC Nigeria has restricted oil production from its numerous oil fields in the prolific Niger delta basin but in the last decade has been trying to increase capacity. However, large volumes remain shut-in due to continued internal tension amongst local people.

Although the countryís old onshore and shallow water oil producing areas are mature, and largely in decline, new output from restarting shut-in fields, increased processing of NGLs from gas and, especially, deep waters, will allow the country to increase oil production up to a peak around 2013/2014.

Large volumes of associated gas have been flared but wastage has declined since the Escravos gas gathering system came onstream in 1997 and the Bonny LNG plant in 1999. With several new LNG trains planned and a West African gas pipeline, marketed gas output is expected to increase rapidly.

 

DEMAND

Nigerian oil consumption declined after 2005 but is now increasing slowly whilst exports have been flat. Exports are expected to grow from 2010, reaching a peak in 2013.

Gas consumption is increasing as the country attempts to make more use of its produced and wasted gas volumes. Meanwhile gas exports as LNG, which began in 2000, primarily to Western Europe and the USA, have expanded rapidly and will continue to do so. New exports of piped gas to neighbouring countries are also beginning.

 

 
 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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