Nigeria Oil & Gas Fundamentals

                                                             






 


  • Nigeria is an established world class petroleum province-10th ranked in world oil reserves and 9th highest gas resources
  • Hundreds of undeveloped discoveries
  • Only one third of discoveries in production
  • IOC’s divesting Non core assets
  • Government is encouraging local content and facilitating incentives for indigenous company acquisition of reserves and production
  • Prolific reservoirs, typical productivity of 2-4 mbod/well, high quality crude, production infrastructure in place, Available 3D Seismic and other technical data

Proven Oil Reserves Billion Barrels

Proven Oil Reserves Billion Barrels

Proved Gas Reserves - Tcf

Proved Gas Reserves - Tcf

Simple Rollover Structure

Simple Rollover Structure

Oil & Gas Infrastructure

Oil & Gas Infrastructure

  • Opportunity to leverage indigenous expertise derived from 100 years of IOC experience
  • Leverage North Sea Expertise

    • Sub Sea Tiebacks
    • Project Management
    • HSE
  • Fiscals for marginal fields are attractive
UK / Nigeria Oil Production