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An oil field services joint venture focused
on both onshore and offshore marginal field repositioning
The premise of the consortium is to identify opportunities to reposition both on and offshore marginal oil fields in country.
Marginal oil fields are acreage carved out of existing permits that operators such as Shell Plc or Chevron Corp have chosen not to develop...
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The market rearrangement of upstream oppurtunities
Brownfield investment opportunities are emerging in Nigeria as international oil companies accelerate energy transition strategies and divest non-core assets, The energy transition is pushing the IOCs to divest Nigerian assets despite positive project economics.
Licensing of local firms to develop marginal feilds
Nigeria last conducted marginal field bid rounds twenty years ago, with sixteen of the fields now contributing just two per cent to the national oil and gas reserves, a figure the DPR said would be substantially boosted by the latest exercise
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Country snapshot - Growth, impact, and forecast
The Nigerian oil and gas market is expected to register a CAGR of more than four and a half
percent during the forecast period.The COVID-19 pandemic has significantly hampered the growth of the market, mainly due to global oil and gas demand contraction and global economic slowdown.
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The new petroleum bill and the industry implications in country
The passage of Nigeria’s proposed Petroleum Industry Bill (PIB) could have positive long-term effects for both Nigeria’s public finances and oil & gas production, but the impact will depend on details of implementation.
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Nigerian LNG to Europe - a rebalancing of the market
The European Union (EU) is looking to purchase additional gas from Nigeria to replace Russian
gas in the wake of Moscow’s invasion of Ukraine. The EU currently sources nearly fourteen percent of its total liquefied natural gas (LNG) supplies from Nigeria.
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The countries $410 billion energy transition plan implementation
Africa’s most populous country needs at least an additional ten billion USD a year and a total
of four hundred and ten billion to deliver on its net-zero targets in the next forty years, Nigeria has already secured one and a half billion USD pledge from the World Bank.
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