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Nigeria Oil Markets, 2013
Worldoils Oil, Gas and Offshore Marketplace    

Equipment ID   : 1665
Equipment name   : Nigeria Oil Markets, 2013
Category   : Research Reports
Specifications   : Name of the Report :
Nigeria Oil Markets, 2013

Published Date : 25-Sep-2013
No. of pages : 143

Table of Contents

1 Table of Contents
1 Table of Contents… 2
1.1 List of Tables… 7
1.2 List of Figures… 9
2 Nigeria Energy Sector… 10
2.1 Nigeria Energy Sector, Market Overview… 10
2.2 Nigeria Energy Sector, Oil… 10
2.2.1 Nigeria Oil, Overview… 10
2.2.2 Nigeria Oil, Supply and Demand Balance… 11
2.2.3 Nigeria Crude Oil, Regulatory Structure… 16
2.2.4 Nigeria Crude Oil, Infrastructure… 16
3 Nigeria Oil Upstream Investment Environment Benchmarking… 17
3.1 Introduction… 17
3.2 The Overall Ranking… 17
3.3 Upstream Fiscal Attractiveness… 17
3.3.1 Maximum Government Take Index… 19
3.3.2 Fiscal Flexibility… 19
3.3.3 Maximum State Participation… 19
3.4 Oil Sector Performance… 19
3.4.1 Exploration Activity… 21
3.4.2 Oil Production… 22
3.4.3 Oil Reserves… 22
3.4.4 Oil Consumption… 23
3.4.5 Refining Industry… 23
3.5 Economic Performance… 23
3.5.1 GDP Growth Index… 25
3.5.2 FDI Confidence Index… 25
3.5.3 Balance of Trade Index… 25
3.6 Socio-Political Performance… 25
4 Nigeria Exploration and Production Sector… 27
4.1 Nigeria Exploration and Production Sector, Country Snapshot… 27
4.1.1 Nigeria Exploration and Production Sector, Key Data… 27
4.1.2 Nigeria Exploration and Production Sector, Crude Oil Assets Map… 27
4.1.3 Nigeria Exploration and Production Sector, Gross Crude Oil Production by Type… 28
4.1.4 Nigeria Exploration and Production Sector, Gross Crude Oil Production by Assets… 29
4.1.5 Nigeria Exploration and Production Sector, Market Share of Key Companies Based
on Gross Equity Weighted Crude Oil Production… 35
4.2 Nigeria Exploration and Production Sector, Production Forecast… 36
4.2.1 Nigeria Exploration and Production Sector, Gross Crude Oil Production Forecast… 36
4.3 Nigeria Exploration and Production Sector, Crude Oil Asset Details… 40
4.3.1 Nigeria Exploration and Production Sector, Active Major Crude Oil Asset Details… 40
4.3.2 Nigeria Exploration and Production Sector, Planned Crude Oil Asset Details… 51
4.4 Nigeria Exploration and Production Sector, Major Oil Discoveries… 55
4.4.1 Nigeria Exploration and Production Sector, Number of Major Oil Discoveries… 55
4.4.2 Nigeria Exploration and Production Sector, Major Oil Discovery Details… 56
4.5 Nigeria Exploration and Production Sector, Recent Discoveries… 56
4.5.1 Jun 26, 2013: Afren Discovers Oil At Ogo-1 Well In OPL 310 License
Offshore Nigeria… 56
4.5.2 Aug 13, 2012: Oando Encounters Hydrocarbons At EB-4 Well In Ebendo Marginal Field,
Nigeria… 57
4.5.3 May 14, 2012: Afren Finds Oil At Ebok NFB Well Offshore Southeast Nigeria… 58
4.5.4 Feb 15, 2012: Mart Resources Provides Update On UMU-9 Well At Umusadege Field
In Nigeria… 58
4.5.5 Jan 17, 2012: Afren Discovers Oil At Okoro East Exploration Well
Offshore Nigeria… 60
4.6 Nigeria Exploration and Production Sector, Drilling and Production Updates… 61
4.6.1 Aug 29, 2013: Lekoil Announces Drilling Update… 61
4.6.2 Aug 02, 2013: Mart Resources Mart Updates UMU-11 Well Operations… 61
4.6.3 Aug 02, 2013: CAMAC Energy Provides Operational Update for Oyo #7 Well… 61
4.6.4 Jul 15, 2013: Mart Resources Announces June 2013 Production Update… 61
4.6.5 Jun 27, 2013: Mart Resources Provides Drillig Update On UMU-10 Well
In Nigeria… 62
5 Nigeria FPSO Industry… 63
5.1 Nigeria FPSO Industry, FPSO Capacity Details by Vessel… 63
5.2 Nigeria FPSO Industry, FPSO Vessel Specifications… 64
6 Nigeria FSO Industry… 65
6.1 Nigeria FSO Industry, FSO Capacity Details by Vessel… 65
6.2 Nigeria FSO Industry, FSO Vessel Specifications… 65
7 Nigeria Pipeline Sector… 66
7.1 Nigeria Pipeline Sector, Key Data… 66
7.2 Nigeria Pipeline Sector, An Overview… 66
7.3 Nigeria Pipeline Sector, Comparison of Key Crude Oil Pipeline Companies… 66
7.4 Nigeria Pipeline Sector, Petroleum Product Pipeline Companies… 67
7.5 Nigeria Pipeline Sector, Crude Oil Pipelines… 68
7.6 Nigeria Pipeline Sector, Petroleum Product Pipelines… 70
8 Nigeria Refining Sector… 71
8.1 Nigeria Refining Sector, Key Data… 71
8.2 Nigeria Refining Sector, An Overview… 71
8.2.1 Nigeria Refining Sector, Total Refining Capacity… 71
8.3 Nigeria Refining Sector, Crude Distillation Unit Capacity… 72
8.4 Nigeria Refining Sector, Fluid Catalytic Cracking Capacity… 73
8.5 Nigeria Refining Sector, Hydrocracking Capacity… 73
9 Nigeria Oil and Chemicals Storage Sector… 74
9.1 Nigeria Oil and Chemicals Storage Sector, Key Data… 74
9.2 Nigeria Oil and Chemicals Storage Sector, An Overview… 74
9.2.1 Nigeria Oil and Chemicals Storage Sector, Total Storage Capacity… 74
9.3 Nigeria Oil and Chemicals Storage Sector, Capacity Market Share by Company… 75
9.4 Nigeria Oil and Chemicals Storage Sector, Storage Capacity Share by Area… 76
9.5 Nigeria Oil and Chemicals Storage Sector, Storage Capacity… 77
10 Profile of Total S.A.… 79
10.1 Total S.A., Key Information… 79
10.2 Total S.A., Company Overview… 79
10.3 Total S.A., Business Description… 79
10.3.1 Business Overview… 79
10.3.2 Marketing & Services… 81
10.3.3 Refining & Chemicals… 82
10.3.4 Upstream… 84
10.4 Total S.A., SWOT Analysis… 86
10.4.1 Overview… 86
10.4.2 Total S.A. Strengths… 87
10.4.3 Total S.A. Weaknesses… 90
10.4.4 Total S.A. Opportunities… 92
10.4.5 Total S.A. Threats… 94
11 Profile of Nigerian National Petroleum Corporation… 96
11.1 Nigerian National Petroleum Corporation, Key Information… 96
11.2 Nigerian National Petroleum Corporation, Company Overview… 96
11.3 Nigerian National Petroleum Corporation, Business Description… 96
11.3.1 Business Overview… 96
11.3.2 Refineries… 98
11.3.3 Retail… 99
11.3.4 Upstream… 99
11.4 Nigerian National Petroleum Corporation, SWOT Analysis… 101
11.4.1 Overview… 101
11.4.2 Nigerian National Petroleum Corporation Strengths… 101
11.4.3 Nigerian National Petroleum Corporation Weaknesses… 102
11.4.4 Nigerian National Petroleum Corporation Opportunities… 103
11.4.5 Nigerian National Petroleum Corporation Threats… 104
12 Profile of Royal Dutch Shell plc… 105
12.1 Royal Dutch Shell plc, Key Information… 105
12.2 Royal Dutch Shell plc, Company Overview… 105
12.3 Royal Dutch Shell plc, Business Description… 106
12.3.1 Business Overview… 106
12.3.2 Corporate… 107
12.3.3 Downstream… 107
12.3.4 Upstream… 108
12.4 Royal Dutch Shell plc, SWOT Analysis… 110
12.4.1 Overview… 110
12.4.2 Royal Dutch Shell plc Strengths… 110
12.4.3 Royal Dutch Shell plc Weaknesses… 111
12.4.4 Royal Dutch Shell plc Opportunities… 112
12.4.5 Royal Dutch Shell plc Threats… 113
13 Financial Deals Landscape… 115
13.1 Detailed Deal Summary… 115
13.1.1 Acquisition… 115
13.1.2 Private Equity… 125
13.1.3 Equity Offerings… 126
13.1.4 Partnerships… 127
13.1.5 Asset Transactions… 128
14 Recent Developments… 136
14.1 License Rounds… 136
14.1.1 Dec 06, 2012: Nigeria Seeks To Conduct Oil And Gas Bidding Round Before
End Of 2012… 136
14.2 License Awards… 136
14.2.1 Jul 16, 2012: Labana Petroleum Awarded Two Oil Blocks In Nigeria… 136
14.2.2 Jul 16, 2012: Advantica Gas and Energy Awarded Mandaram-2 Block In Nigeria… 136
14.3 Strategy and Business Expansion… 136
14.3.1 May 09, 2013: Westbridge Energy Establishes Strategic Alliance With United Oil
and Gas In Nigeria… 136
14.3.2 Sep 01, 2012: Orient Petroleum To Start New Refinery In Anambra State
By 2013… 137
14.4 Other Significant Developments… 137
14.4.1 Aug 12, 2013: Mart Resources Operations and Production Update… 137
14.4.2 Jul 31, 2013: Allied Energy Settles Litigation with Former Officers and
Directors… 138
14.4.3 Jul 30, 2013: Nigeria Finds Lagos Refinery Viable Out Of Proposed Three
Greenfield Projects… 138
14.5 New Contracts Announcements… 139
14.5.1 Jul 26, 2013: Technip awarded two flexible pipe supply contracts for the
Egina field in Nigeria… 139
14.5.2 Jun 19, 2013: WorleyParsons Wins Contract From Samsung Heavy Industries For FPSO
In Nigeria… 140
14.5.3 Feb 07, 2013: Subsea 7 Wins Contract From Esso Exploration For Erha North Field
Offshore Nigeria… 140

List of Tables

1.1 List of Tables
Table 1: Nigeria, Historic and Forecast Production and Consumption of Oil, mbd,
2000-2020… 11
Table 2: Nigeria, Historic and Forecast Exports and Imports of Oil, mbd, 2000-2020… 13
Table 3: Nigeria, Historic Reserves of Crude Oil, billion bbl, 2000-2012… 15
Table 4: West Africa, Investment Benchmarking, Overall Country Rankings, Sep 2013… 17
Table 5: West Africa, Investment Benchmarking, Upstream Fiscal Attractiveness,
Sep 2013… 18
Table 6: West Africa, Investment Benchmarking, Oil Sector Performance, Sep 2013… 19
Table 7: West Africa, Investment Benchmarking, Economic Performance, Sep 2013… 23
Table 8: West Africa, Country Standings, Economic Performance, by FDI Confidence-
GDP Growth & Oil Production, Sep 2013… 24
Table 9: West Africa, Investment Benchmarking, Socio-Political Performance, Sep 2013… 25
Table 10: West Africa, Country Standings, Socio-Political Performance, by Exploration
Growth- FDI Confidence and Governance Indices, Sep 2013… 26
Table 11: Nigeria, Key Statistics, 2013… 27
Table 12: Nigeria, Total Gross Crude Oil Production (%) by Type, 2003-2012… 28
Table 13: Nigeria, Gross Crude Oil Production (mmbbl), by Assets, 2003-2012… 29
Table 14: Nigeria, Market Share (%) of Key Companies based on Gross Equity Weighted
Crude Oil Production, 2003-2012… 35
Table 15: Nigeria, Gross Crude Oil Production (mmbbl), Forecast by Assets, 2013-2017… 36
Table 16: Nigeria, Active Oil Field Asset Details… 40
Table 17: Nigeria, Planned Oil Field Asset Details… 51
Table 18: Nigeria, Number of Major Oil Discoveries, 2007-2012… 55
Table 19: Nigeria, Major Oil Discovery Details, 2007-2012… 56
Table 20: Nigeria FPSO Industry, FPSO Oil Production Capacities, Sep 2013… 63
Table 21: Nigeria FPSO Industry, FPSO Vessel Specifications, Sep 2013… 64
Table 22: Nigeria FSO Industry, FSO Oil Production Capacities, Sep 2013… 65
Table 23: Nigeria FSO Industry, FSO Vessel Specifications, Sep 2013… 65
Table 24: Nigeria, Pipeline Key Statistics, Sep 2013… 66
Table 25: Nigeria, Crude Oil Pipeline Length by Company (km), Sep 2013… 66
Table 26: Nigeria, Petroleum Product Pipeline Length by Company (km), Sep 2013… 67
Table 27: Nigeria, Crude Oil Pipelines, Sep 2013… 68
Table 28: Nigeria, Crude Oil Pipelines, Sep 2013 (Contd.1)… 69
Table 29: Nigeria, Petroleum Product Pipelines, Sep 2013… 70
Table 30: Nigeria, Refinery Key Statistics, Sep 2013… 71
Table 31: Nigeria, Total Refining Capacity (mbd), 2005-2017… 71
Table 32: Nigeria, Crude Distillation Unit Capacity (mbd), 2005-2017… 72
Table 33: Nigeria, Fluid Catalytic Cracking Unit Capacity (mbd), 2005-2017… 73
Table 34: Nigeria, Hydrocracking Unit Capacity (mbd), 2005-2017… 73
Table 35: Nigeria, Oil and Chemicals Storage Key Statistics, Sep 2013… 74
Table 36: Nigeria, Total Oil and Chemicals Storage Capacity (mcm), 2005-2017… 74
Table 37: Nigeria, Oil and Chemicals Storage Capacity by Company (mcm), 2005-2017… 75
Table 38: Nigeria, Oil and Chemicals Storage Capacity (mcm), 2005-2017… 77
Table 39: Nigeria, Oil and Chemicals Storage Capacity (mcm), 2005-2017 (Contd.1)… 78
Table 40: Total S.A., Key Facts… 79
Table 41: Total S.A., SWOT Analysis… 87
Table 42: Nigerian National Petroleum Corporation, Key Facts… 96
Table 43: Nigerian National Petroleum Corporation, SWOT Analysis… 101
Table 44: Royal Dutch Shell plc, Key Facts… 105
Table 45: Royal Dutch Shell plc, SWOT Analysis… 110
Table 46: Afren Acquires Additional 23.3% Interest In First Hydrocarbon Nigeria
For US$105.4 Million… 115
Table 47: Afren Completes Acquisition Of Additional 10.4% Stake In First Hydrocarbon
Nigeria For US$37 Million… 116
Table 48: Shoreline Power Exercises Option For 13.5% Stake In Shoreline Natural Resources,
Oil And Gas Company, From Heritage Oil For US$100 Million… 118
Table 49: Oando Energy Resources To Acquire ConocoPhillips's Nigerian Business Units
For US$1.79 Billion… 119
Table 50: Oando Energy Resources Completes Acquisition Of Oando Qua Ibo And Oando
Reservoir and Production Services From Oando For US$11.6 Million… 121
Table 51: PetroChina Plans To Acquire Oil And Gas Companies In Central Asia, East Africa,
Australia And Canada… 122
Table 52: MENA Hydrocarbons Completes Acquisition Of Mideast Energy
For US$0.85 Million… 123
Table 53: Exile Resources Completes Acquisition Of 78% Interest In Equator Exploration
From Oanda… 124
Table 54: Kingdom Holding Invests US$50 Million In First Hydrocarbon Nigeria… 125
Table 55: Oando Plans Public Offering Of Shares For US$220.5 Million… 126
Table 56: Oando Plans For Private Placement… 126
Table 57: Sonatrach Plans To Form Partnership With Shell And Exxon Mobil… 127
Table 58: Oil India Plans To Acquire Oil And Gas Assets In Africa For US$200 Million… 128
Table 59: Shell Plans To Sell Four Oil And Gas Leases In Nigeria… 129
Table 60: Lekoil To Acquire 6.502% Interest In OML… 113 Offshore Nigeria From
Pan Petroleum For US$30 Million… 130
Table 61: Chevron Plans To Sell 40% Interest In Three Additional Oil Properties
In Niger Delta… 131
Table 62: Tangiers Petroleum Plans To Acquire Interest In Oil And Gas Assets
In Africa… 132
Table 63: Lekoil Acquires 17.14% Interest In OPL 310 License In Offshore Nigeria
From Afren… 133
Table 64: Eland Oil & Gas To Acquire 40% Interest In OPL 452 In Nigeria From
Amalgamated Oil Company Nigeria… 134
Table 65: Total To Sell 20% Stake In OML 138 Block To Sinopec For US$2.5 Billion… 134


List of Figures


1.2 List of Figures
Figure 1: Nigeria, Primary Energy Consumption Split By Fuel Type (%), 2012… 10
Figure 2: Nigeria, Historic and Forecast Production and Consumption of Oil, mbd,
2000-2020… 12
Figure 3: Nigeria, Historic and Forecast Exports and Imports of Oil, mbd, 2000-2020… 14
Figure 4: Nigeria, Crude Oil Reserves, billion bbl, 2000-2012… 15
Figure 5: West Africa, Country Standings, Upstream Fiscal Attractiveness, Sep 2013… 18
Figure 6: West Africa, Country Standings, Oil Sector Performance, by Reserves-
Exploration & Production, Sep 2013… 20
Figure 7: West Africa, Country Standings, Oil Sector Performance, by Production-
Consumption & Refining, Sep 2013… 21
Figure 8: West Africa, Country Standings, Total Exploration Blocks, 2008-2012… 22
Figure 9: West Africa, Country Standings, Economic Performance by FDI Confidence-
GDP Growth & Oil Production, Sep 2013… 24
Figure 10: West Africa, Country Standings, Socio-Political Performance, by Exploration
Growth- FDI Confidence and Governance Indices, Sep 2013… 26
Figure 11: Nigeria, Crude Oil Assets Map, Sep 2013… 27
Figure 12: Nigeria, Total Gross Crude Oil Production (%) by Type, 2003-2012… 28
Figure 13: Nigeria, Market Share (%) of Key Companies based on Gross Equity Weighted
Crude Oil Production, 2012… 35
Figure 14: Nigeria, Number of Major Oil Discoveries, 2007-2012… 55
Figure 15: Nigeria, Crude Oil Pipeline Length by Company (km), Sep 2013… 67
Figure 16: Nigeria, Total Refining Capacity (mbd), 2005-2017… 72
Figure 17: Nigeria, Total Oil and Chemicals Storage Capacity (mcm), 2005-2017… 75
Figure 18: Nigeria, Oil and Chemicals Storage Capacity by Company (mcm), 
2005-2017… 76
Figure 19: Nigeria, Oil and Chemicals Storage Capacity Share by Area (%), 2012… 76


Summary


This profile is the essential source for top-level energy industry data and information.
The report provides an overview of each of the key sub-segments of the energy industry
in Nigeria. It details the market structure, regulatory environment, infrastructure and
provides historical and forecasted statistics relating to the supply/demand balance for
each of the key sub-segments. It also provides information relating to the crude oil
assets (oil fields, refineries, pipelines and storage terminals) in Nigeria.The report
compares the investment environment in Nigeria with other countries in the region. The
profiles of the major companies operating in the crude oil sector in Nigeria together
with the latest news and deals are also included in the report.


Scope

- Historic and forecast data relating to production, consumption, imports, exports and
reserves are provided for each industry sub-segment for the period 2000-2020.
- Historical and forecast data and information for all the major oil fields, refineries,
pipelines and storage terminals in Nigeria for the period 2005-2017.
- Operator and equity details for major crude oil assets in Nigeria.
- Key information relating to market regulations, key energy assets and the key companies
operating in the Nigeria’s energy industry.
- Information on the top companies in the Nigeria including business description,
strategic analysis, and financial information.
- Product and brand updates, strategy changes, R&D projects, corporate expansions and
contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity and venture
capital investments, and IPOs.


Reasons to buy


- Gain a strong understanding of the country’s energy market.
- Facilitate market analysis and forecasting of future industry trends.
- Facilitate decision making on the basis of strong historic and forecast production,
reserves and capacity data.
- Assess your competitor’s major crude oil assets and their performance.
- Analyze the latest news and financial deals in the oil sector of each country.
- Develop strategies based on the latest operational, financial, and regulatory events.
- Do deals with an understanding of how competitors are financed, and the mergers and
partnerships that have shaped the market.
- Identify and analyze the strengths and weaknesses of the leading companies
in the country.

Price


Single User Price : $2,500
Site License Price : $5,000
Enterprisewide Price (Global Site License) : $7,500


Disclaimer
All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted
in any form by any means, electronic, mechanical, photocopying, recording or otherwise,
without the prior permission of the publisher.

The facts of this report are believed to be correct at the time of publication but cannot be
guaranteed. Please note that the findings, conclusions and recommendations that the
publisher delivers will be based on information gathered in good faith from both primary
and secondary sources, whose accuracy we are not always in a position to guarantee.
As such the publisher accept no liability whatever for actions taken based on any
information that may subsequently prove to be incorrect.

To order this report, please send an email to mail@worldoils.com
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Nigeria Energy Sector, Market Overview
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Nigeria Pipeline Sector, An Overview
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Profile of Nigerian National Petroleum Corporation
Royal Dutch Shell plc, SWOT Analysis

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Nigeria Oil Markets, 2013
Worldoils Oil, Gas and Offshore Marketplace    Worldoils Oil, Gas and Offshore Marketplace

Equipment ID   : 1665
Equipment name   : Nigeria Oil Markets, 2013
Category   : Research Reports
Specifications   : Name of the Report :
Nigeria Oil Markets, 2013

Published Date : 25-Sep-2013
No. of pages : 143

Table of Contents

1 Table of Contents
1 Table of Contents… 2
1.1 List of Tables… 7
1.2 List of Figures… 9
2 Nigeria Energy Sector… 10
2.1 Nigeria Energy Sector, Market Overview… 10
2.2 Nigeria Energy Sector, Oil… 10
2.2.1 Nigeria Oil, Overview… 10
2.2.2 Nigeria Oil, Supply and Demand Balance… 11
2.2.3 Nigeria Crude Oil, Regulatory Structure… 16
2.2.4 Nigeria Crude Oil, Infrastructure… 16
3 Nigeria Oil Upstream Investment Environment Benchmarking… 17
3.1 Introduction… 17
3.2 The Overall Ranking… 17
3.3 Upstream Fiscal Attractiveness… 17
3.3.1 Maximum Government Take Index… 19
3.3.2 Fiscal Flexibility… 19
3.3.3 Maximum State Participation… 19
3.4 Oil Sector Performance… 19
3.4.1 Exploration Activity… 21
3.4.2 Oil Production… 22
3.4.3 Oil Reserves… 22
3.4.4 Oil Consumption… 23
3.4.5 Refining Industry… 23
3.5 Economic Performance… 23
3.5.1 GDP Growth Index… 25
3.5.2 FDI Confidence Index… 25
3.5.3 Balance of Trade Index… 25
3.6 Socio-Political Performance… 25
4 Nigeria Exploration and Production Sector… 27
4.1 Nigeria Exploration and Production Sector, Country Snapshot… 27
4.1.1 Nigeria Exploration and Production Sector, Key Data… 27
4.1.2 Nigeria Exploration and Production Sector, Crude Oil Assets Map… 27
4.1.3 Nigeria Exploration and Production Sector, Gross Crude Oil Production by Type… 28
4.1.4 Nigeria Exploration and Production Sector, Gross Crude Oil Production by Assets… 29
4.1.5 Nigeria Exploration and Production Sector, Market Share of Key Companies Based
on Gross Equity Weighted Crude Oil Production… 35
4.2 Nigeria Exploration and Production Sector, Production Forecast… 36
4.2.1 Nigeria Exploration and Production Sector, Gross Crude Oil Production Forecast… 36
4.3 Nigeria Exploration and Production Sector, Crude Oil Asset Details… 40
4.3.1 Nigeria Exploration and Production Sector, Active Major Crude Oil Asset Details… 40
4.3.2 Nigeria Exploration and Production Sector, Planned Crude Oil Asset Details… 51
4.4 Nigeria Exploration and Production Sector, Major Oil Discoveries… 55
4.4.1 Nigeria Exploration and Production Sector, Number of Major Oil Discoveries… 55
4.4.2 Nigeria Exploration and Production Sector, Major Oil Discovery Details… 56
4.5 Nigeria Exploration and Production Sector, Recent Discoveries… 56
4.5.1 Jun 26, 2013: Afren Discovers Oil At Ogo-1 Well In OPL 310 License
Offshore Nigeria… 56
4.5.2 Aug 13, 2012: Oando Encounters Hydrocarbons At EB-4 Well In Ebendo Marginal Field,
Nigeria… 57
4.5.3 May 14, 2012: Afren Finds Oil At Ebok NFB Well Offshore Southeast Nigeria… 58
4.5.4 Feb 15, 2012: Mart Resources Provides Update On UMU-9 Well At Umusadege Field
In Nigeria… 58
4.5.5 Jan 17, 2012: Afren Discovers Oil At Okoro East Exploration Well
Offshore Nigeria… 60
4.6 Nigeria Exploration and Production Sector, Drilling and Production Updates… 61
4.6.1 Aug 29, 2013: Lekoil Announces Drilling Update… 61
4.6.2 Aug 02, 2013: Mart Resources Mart Updates UMU-11 Well Operations… 61
4.6.3 Aug 02, 2013: CAMAC Energy Provides Operational Update for Oyo #7 Well… 61
4.6.4 Jul 15, 2013: Mart Resources Announces June 2013 Production Update… 61
4.6.5 Jun 27, 2013: Mart Resources Provides Drillig Update On UMU-10 Well
In Nigeria… 62
5 Nigeria FPSO Industry… 63
5.1 Nigeria FPSO Industry, FPSO Capacity Details by Vessel… 63
5.2 Nigeria FPSO Industry, FPSO Vessel Specifications… 64
6 Nigeria FSO Industry… 65
6.1 Nigeria FSO Industry, FSO Capacity Details by Vessel… 65
6.2 Nigeria FSO Industry, FSO Vessel Specifications… 65
7 Nigeria Pipeline Sector… 66
7.1 Nigeria Pipeline Sector, Key Data… 66
7.2 Nigeria Pipeline Sector, An Overview… 66
7.3 Nigeria Pipeline Sector, Comparison of Key Crude Oil Pipeline Companies… 66
7.4 Nigeria Pipeline Sector, Petroleum Product Pipeline Companies… 67
7.5 Nigeria Pipeline Sector, Crude Oil Pipelines… 68
7.6 Nigeria Pipeline Sector, Petroleum Product Pipelines… 70
8 Nigeria Refining Sector… 71
8.1 Nigeria Refining Sector, Key Data… 71
8.2 Nigeria Refining Sector, An Overview… 71
8.2.1 Nigeria Refining Sector, Total Refining Capacity… 71
8.3 Nigeria Refining Sector, Crude Distillation Unit Capacity… 72
8.4 Nigeria Refining Sector, Fluid Catalytic Cracking Capacity… 73
8.5 Nigeria Refining Sector, Hydrocracking Capacity… 73
9 Nigeria Oil and Chemicals Storage Sector… 74
9.1 Nigeria Oil and Chemicals Storage Sector, Key Data… 74
9.2 Nigeria Oil and Chemicals Storage Sector, An Overview… 74
9.2.1 Nigeria Oil and Chemicals Storage Sector, Total Storage Capacity… 74
9.3 Nigeria Oil and Chemicals Storage Sector, Capacity Market Share by Company… 75
9.4 Nigeria Oil and Chemicals Storage Sector, Storage Capacity Share by Area… 76
9.5 Nigeria Oil and Chemicals Storage Sector, Storage Capacity… 77
10 Profile of Total S.A.… 79
10.1 Total S.A., Key Information… 79
10.2 Total S.A., Company Overview… 79
10.3 Total S.A., Business Description… 79
10.3.1 Business Overview… 79
10.3.2 Marketing & Services… 81
10.3.3 Refining & Chemicals… 82
10.3.4 Upstream… 84
10.4 Total S.A., SWOT Analysis… 86
10.4.1 Overview… 86
10.4.2 Total S.A. Strengths… 87
10.4.3 Total S.A. Weaknesses… 90
10.4.4 Total S.A. Opportunities… 92
10.4.5 Total S.A. Threats… 94
11 Profile of Nigerian National Petroleum Corporation… 96
11.1 Nigerian National Petroleum Corporation, Key Information… 96
11.2 Nigerian National Petroleum Corporation, Company Overview… 96
11.3 Nigerian National Petroleum Corporation, Business Description… 96
11.3.1 Business Overview… 96
11.3.2 Refineries… 98
11.3.3 Retail… 99
11.3.4 Upstream… 99
11.4 Nigerian National Petroleum Corporation, SWOT Analysis… 101
11.4.1 Overview… 101
11.4.2 Nigerian National Petroleum Corporation Strengths… 101
11.4.3 Nigerian National Petroleum Corporation Weaknesses… 102
11.4.4 Nigerian National Petroleum Corporation Opportunities… 103
11.4.5 Nigerian National Petroleum Corporation Threats… 104
12 Profile of Royal Dutch Shell plc… 105
12.1 Royal Dutch Shell plc, Key Information… 105
12.2 Royal Dutch Shell plc, Company Overview… 105
12.3 Royal Dutch Shell plc, Business Description… 106
12.3.1 Business Overview… 106
12.3.2 Corporate… 107
12.3.3 Downstream… 107
12.3.4 Upstream… 108
12.4 Royal Dutch Shell plc, SWOT Analysis… 110
12.4.1 Overview… 110
12.4.2 Royal Dutch Shell plc Strengths… 110
12.4.3 Royal Dutch Shell plc Weaknesses… 111
12.4.4 Royal Dutch Shell plc Opportunities… 112
12.4.5 Royal Dutch Shell plc Threats… 113
13 Financial Deals Landscape… 115
13.1 Detailed Deal Summary… 115
13.1.1 Acquisition… 115
13.1.2 Private Equity… 125
13.1.3 Equity Offerings… 126
13.1.4 Partnerships… 127
13.1.5 Asset Transactions… 128
14 Recent Developments… 136
14.1 License Rounds… 136
14.1.1 Dec 06, 2012: Nigeria Seeks To Conduct Oil And Gas Bidding Round Before
End Of 2012… 136
14.2 License Awards… 136
14.2.1 Jul 16, 2012: Labana Petroleum Awarded Two Oil Blocks In Nigeria… 136
14.2.2 Jul 16, 2012: Advantica Gas and Energy Awarded Mandaram-2 Block In Nigeria… 136
14.3 Strategy and Business Expansion… 136
14.3.1 May 09, 2013: Westbridge Energy Establishes Strategic Alliance With United Oil
and Gas In Nigeria… 136
14.3.2 Sep 01, 2012: Orient Petroleum To Start New Refinery In Anambra State
By 2013… 137
14.4 Other Significant Developments… 137
14.4.1 Aug 12, 2013: Mart Resources Operations and Production Update… 137
14.4.2 Jul 31, 2013: Allied Energy Settles Litigation with Former Officers and
Directors… 138
14.4.3 Jul 30, 2013: Nigeria Finds Lagos Refinery Viable Out Of Proposed Three
Greenfield Projects… 138
14.5 New Contracts Announcements… 139
14.5.1 Jul 26, 2013: Technip awarded two flexible pipe supply contracts for the
Egina field in Nigeria… 139
14.5.2 Jun 19, 2013: WorleyParsons Wins Contract From Samsung Heavy Industries For FPSO
In Nigeria… 140
14.5.3 Feb 07, 2013: Subsea 7 Wins Contract From Esso Exploration For Erha North Field
Offshore Nigeria… 140

List of Tables

1.1 List of Tables
Table 1: Nigeria, Historic and Forecast Production and Consumption of Oil, mbd,
2000-2020… 11
Table 2: Nigeria, Historic and Forecast Exports and Imports of Oil, mbd, 2000-2020… 13
Table 3: Nigeria, Historic Reserves of Crude Oil, billion bbl, 2000-2012… 15
Table 4: West Africa, Investment Benchmarking, Overall Country Rankings, Sep 2013… 17
Table 5: West Africa, Investment Benchmarking, Upstream Fiscal Attractiveness,
Sep 2013… 18
Table 6: West Africa, Investment Benchmarking, Oil Sector Performance, Sep 2013… 19
Table 7: West Africa, Investment Benchmarking, Economic Performance, Sep 2013… 23
Table 8: West Africa, Country Standings, Economic Performance, by FDI Confidence-
GDP Growth & Oil Production, Sep 2013… 24
Table 9: West Africa, Investment Benchmarking, Socio-Political Performance, Sep 2013… 25
Table 10: West Africa, Country Standings, Socio-Political Performance, by Exploration
Growth- FDI Confidence and Governance Indices, Sep 2013… 26
Table 11: Nigeria, Key Statistics, 2013… 27
Table 12: Nigeria, Total Gross Crude Oil Production (%) by Type, 2003-2012… 28
Table 13: Nigeria, Gross Crude Oil Production (mmbbl), by Assets, 2003-2012… 29
Table 14: Nigeria, Market Share (%) of Key Companies based on Gross Equity Weighted
Crude Oil Production, 2003-2012… 35
Table 15: Nigeria, Gross Crude Oil Production (mmbbl), Forecast by Assets, 2013-2017… 36
Table 16: Nigeria, Active Oil Field Asset Details… 40
Table 17: Nigeria, Planned Oil Field Asset Details… 51
Table 18: Nigeria, Number of Major Oil Discoveries, 2007-2012… 55
Table 19: Nigeria, Major Oil Discovery Details, 2007-2012… 56
Table 20: Nigeria FPSO Industry, FPSO Oil Production Capacities, Sep 2013… 63
Table 21: Nigeria FPSO Industry, FPSO Vessel Specifications, Sep 2013… 64
Table 22: Nigeria FSO Industry, FSO Oil Production Capacities, Sep 2013… 65
Table 23: Nigeria FSO Industry, FSO Vessel Specifications, Sep 2013… 65
Table 24: Nigeria, Pipeline Key Statistics, Sep 2013… 66
Table 25: Nigeria, Crude Oil Pipeline Length by Company (km), Sep 2013… 66
Table 26: Nigeria, Petroleum Product Pipeline Length by Company (km), Sep 2013… 67
Table 27: Nigeria, Crude Oil Pipelines, Sep 2013… 68
Table 28: Nigeria, Crude Oil Pipelines, Sep 2013 (Contd.1)… 69
Table 29: Nigeria, Petroleum Product Pipelines, Sep 2013… 70
Table 30: Nigeria, Refinery Key Statistics, Sep 2013… 71
Table 31: Nigeria, Total Refining Capacity (mbd), 2005-2017… 71
Table 32: Nigeria, Crude Distillation Unit Capacity (mbd), 2005-2017… 72
Table 33: Nigeria, Fluid Catalytic Cracking Unit Capacity (mbd), 2005-2017… 73
Table 34: Nigeria, Hydrocracking Unit Capacity (mbd), 2005-2017… 73
Table 35: Nigeria, Oil and Chemicals Storage Key Statistics, Sep 2013… 74
Table 36: Nigeria, Total Oil and Chemicals Storage Capacity (mcm), 2005-2017… 74
Table 37: Nigeria, Oil and Chemicals Storage Capacity by Company (mcm), 2005-2017… 75
Table 38: Nigeria, Oil and Chemicals Storage Capacity (mcm), 2005-2017… 77
Table 39: Nigeria, Oil and Chemicals Storage Capacity (mcm), 2005-2017 (Contd.1)… 78
Table 40: Total S.A., Key Facts… 79
Table 41: Total S.A., SWOT Analysis… 87
Table 42: Nigerian National Petroleum Corporation, Key Facts… 96
Table 43: Nigerian National Petroleum Corporation, SWOT Analysis… 101
Table 44: Royal Dutch Shell plc, Key Facts… 105
Table 45: Royal Dutch Shell plc, SWOT Analysis… 110
Table 46: Afren Acquires Additional 23.3% Interest In First Hydrocarbon Nigeria
For US$105.4 Million… 115
Table 47: Afren Completes Acquisition Of Additional 10.4% Stake In First Hydrocarbon
Nigeria For US$37 Million… 116
Table 48: Shoreline Power Exercises Option For 13.5% Stake In Shoreline Natural Resources,
Oil And Gas Company, From Heritage Oil For US$100 Million… 118
Table 49: Oando Energy Resources To Acquire ConocoPhillips's Nigerian Business Units
For US$1.79 Billion… 119
Table 50: Oando Energy Resources Completes Acquisition Of Oando Qua Ibo And Oando
Reservoir and Production Services From Oando For US$11.6 Million… 121
Table 51: PetroChina Plans To Acquire Oil And Gas Companies In Central Asia, East Africa,
Australia And Canada… 122
Table 52: MENA Hydrocarbons Completes Acquisition Of Mideast Energy
For US$0.85 Million… 123
Table 53: Exile Resources Completes Acquisition Of 78% Interest In Equator Exploration
From Oanda… 124
Table 54: Kingdom Holding Invests US$50 Million In First Hydrocarbon Nigeria… 125
Table 55: Oando Plans Public Offering Of Shares For US$220.5 Million… 126
Table 56: Oando Plans For Private Placement… 126
Table 57: Sonatrach Plans To Form Partnership With Shell And Exxon Mobil… 127
Table 58: Oil India Plans To Acquire Oil And Gas Assets In Africa For US$200 Million… 128
Table 59: Shell Plans To Sell Four Oil And Gas Leases In Nigeria… 129
Table 60: Lekoil To Acquire 6.502% Interest In OML… 113 Offshore Nigeria From
Pan Petroleum For US$30 Million… 130
Table 61: Chevron Plans To Sell 40% Interest In Three Additional Oil Properties
In Niger Delta… 131
Table 62: Tangiers Petroleum Plans To Acquire Interest In Oil And Gas Assets
In Africa… 132
Table 63: Lekoil Acquires 17.14% Interest In OPL 310 License In Offshore Nigeria
From Afren… 133
Table 64: Eland Oil & Gas To Acquire 40% Interest In OPL 452 In Nigeria From
Amalgamated Oil Company Nigeria… 134
Table 65: Total To Sell 20% Stake In OML 138 Block To Sinopec For US$2.5 Billion… 134


List of Figures


1.2 List of Figures
Figure 1: Nigeria, Primary Energy Consumption Split By Fuel Type (%), 2012… 10
Figure 2: Nigeria, Historic and Forecast Production and Consumption of Oil, mbd,
2000-2020… 12
Figure 3: Nigeria, Historic and Forecast Exports and Imports of Oil, mbd, 2000-2020… 14
Figure 4: Nigeria, Crude Oil Reserves, billion bbl, 2000-2012… 15
Figure 5: West Africa, Country Standings, Upstream Fiscal Attractiveness, Sep 2013… 18
Figure 6: West Africa, Country Standings, Oil Sector Performance, by Reserves-
Exploration & Production, Sep 2013… 20
Figure 7: West Africa, Country Standings, Oil Sector Performance, by Production-
Consumption & Refining, Sep 2013… 21
Figure 8: West Africa, Country Standings, Total Exploration Blocks, 2008-2012… 22
Figure 9: West Africa, Country Standings, Economic Performance by FDI Confidence-
GDP Growth & Oil Production, Sep 2013… 24
Figure 10: West Africa, Country Standings, Socio-Political Performance, by Exploration
Growth- FDI Confidence and Governance Indices, Sep 2013… 26
Figure 11: Nigeria, Crude Oil Assets Map, Sep 2013… 27
Figure 12: Nigeria, Total Gross Crude Oil Production (%) by Type, 2003-2012… 28
Figure 13: Nigeria, Market Share (%) of Key Companies based on Gross Equity Weighted
Crude Oil Production, 2012… 35
Figure 14: Nigeria, Number of Major Oil Discoveries, 2007-2012… 55
Figure 15: Nigeria, Crude Oil Pipeline Length by Company (km), Sep 2013… 67
Figure 16: Nigeria, Total Refining Capacity (mbd), 2005-2017… 72
Figure 17: Nigeria, Total Oil and Chemicals Storage Capacity (mcm), 2005-2017… 75
Figure 18: Nigeria, Oil and Chemicals Storage Capacity by Company (mcm), 
2005-2017… 76
Figure 19: Nigeria, Oil and Chemicals Storage Capacity Share by Area (%), 2012… 76


Summary


This profile is the essential source for top-level energy industry data and information.
The report provides an overview of each of the key sub-segments of the energy industry
in Nigeria. It details the market structure, regulatory environment, infrastructure and
provides historical and forecasted statistics relating to the supply/demand balance for
each of the key sub-segments. It also provides information relating to the crude oil
assets (oil fields, refineries, pipelines and storage terminals) in Nigeria.The report
compares the investment environment in Nigeria with other countries in the region. The
profiles of the major companies operating in the crude oil sector in Nigeria together
with the latest news and deals are also included in the report.


Scope

- Historic and forecast data relating to production, consumption, imports, exports and
reserves are provided for each industry sub-segment for the period 2000-2020.
- Historical and forecast data and information for all the major oil fields, refineries,
pipelines and storage terminals in Nigeria for the period 2005-2017.
- Operator and equity details for major crude oil assets in Nigeria.
- Key information relating to market regulations, key energy assets and the key companies
operating in the Nigeria’s energy industry.
- Information on the top companies in the Nigeria including business description,
strategic analysis, and financial information.
- Product and brand updates, strategy changes, R&D projects, corporate expansions and
contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity and venture
capital investments, and IPOs.


Reasons to buy


- Gain a strong understanding of the country’s energy market.
- Facilitate market analysis and forecasting of future industry trends.
- Facilitate decision making on the basis of strong historic and forecast production,
reserves and capacity data.
- Assess your competitor’s major crude oil assets and their performance.
- Analyze the latest news and financial deals in the oil sector of each country.
- Develop strategies based on the latest operational, financial, and regulatory events.
- Do deals with an understanding of how competitors are financed, and the mergers and
partnerships that have shaped the market.
- Identify and analyze the strengths and weaknesses of the leading companies
in the country.

Price


Single User Price : $2,500
Site License Price : $5,000
Enterprisewide Price (Global Site License) : $7,500


Disclaimer
All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted
in any form by any means, electronic, mechanical, photocopying, recording or otherwise,
without the prior permission of the publisher.

The facts of this report are believed to be correct at the time of publication but cannot be
guaranteed. Please note that the findings, conclusions and recommendations that the
publisher delivers will be based on information gathered in good faith from both primary
and secondary sources, whose accuracy we are not always in a position to guarantee.
As such the publisher accept no liability whatever for actions taken based on any
information that may subsequently prove to be incorrect.

To order this report, please send an email to mail@worldoils.com
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Nigeria Pipeline Sector, An Overview
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Profile of Nigerian National Petroleum Corporation
Royal Dutch Shell plc, SWOT Analysis

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Nigeria Oil Markets, 2013
Worldoils Oil, Gas and Offshore Marketplace    
Worldoils Oil, Gas and Offshore Marketplace

Equipment ID   : 1665
Equipment name   : Nigeria Oil Markets, 2013
Category   : Research Reports
 
Specifications  :
Name of the Report :
Nigeria Oil Markets, 2013

Published Date : 25-Sep-2013
No. of pages : 143

Table of Contents

1 Table of Contents
1 Table of Contents… 2
1.1 List of Tables… 7
1.2 List of Figures… 9
2 Nigeria Energy Sector… 10
2.1 Nigeria Energy Sector, Market Overview… 10
2.2 Nigeria Energy Sector, Oil… 10
2.2.1 Nigeria Oil, Overview… 10
2.2.2 Nigeria Oil, Supply and Demand Balance… 11
2.2.3 Nigeria Crude Oil, Regulatory Structure… 16
2.2.4 Nigeria Crude Oil, Infrastructure… 16
3 Nigeria Oil Upstream Investment Environment Benchmarking… 17
3.1 Introduction… 17
3.2 The Overall Ranking… 17
3.3 Upstream Fiscal Attractiveness… 17
3.3.1 Maximum Government Take Index… 19
3.3.2 Fiscal Flexibility… 19
3.3.3 Maximum State Participation… 19
3.4 Oil Sector Performance… 19
3.4.1 Exploration Activity… 21
3.4.2 Oil Production… 22
3.4.3 Oil Reserves… 22
3.4.4 Oil Consumption… 23
3.4.5 Refining Industry… 23
3.5 Economic Performance… 23
3.5.1 GDP Growth Index… 25
3.5.2 FDI Confidence Index… 25
3.5.3 Balance of Trade Index… 25
3.6 Socio-Political Performance… 25
4 Nigeria Exploration and Production Sector… 27
4.1 Nigeria Exploration and Production Sector, Country Snapshot… 27
4.1.1 Nigeria Exploration and Production Sector, Key Data… 27
4.1.2 Nigeria Exploration and Production Sector, Crude Oil Assets Map… 27
4.1.3 Nigeria Exploration and Production Sector, Gross Crude Oil Production by Type… 28
4.1.4 Nigeria Exploration and Production Sector, Gross Crude Oil Production by Assets… 29
4.1.5 Nigeria Exploration and Production Sector, Market Share of Key Companies Based
on Gross Equity Weighted Crude Oil Production… 35
4.2 Nigeria Exploration and Production Sector, Production Forecast… 36
4.2.1 Nigeria Exploration and Production Sector, Gross Crude Oil Production Forecast… 36
4.3 Nigeria Exploration and Production Sector, Crude Oil Asset Details… 40
4.3.1 Nigeria Exploration and Production Sector, Active Major Crude Oil Asset Details… 40
4.3.2 Nigeria Exploration and Production Sector, Planned Crude Oil Asset Details… 51
4.4 Nigeria Exploration and Production Sector, Major Oil Discoveries… 55
4.4.1 Nigeria Exploration and Production Sector, Number of Major Oil Discoveries… 55
4.4.2 Nigeria Exploration and Production Sector, Major Oil Discovery Details… 56
4.5 Nigeria Exploration and Production Sector, Recent Discoveries… 56
4.5.1 Jun 26, 2013: Afren Discovers Oil At Ogo-1 Well In OPL 310 License
Offshore Nigeria… 56
4.5.2 Aug 13, 2012: Oando Encounters Hydrocarbons At EB-4 Well In Ebendo Marginal Field,
Nigeria… 57
4.5.3 May 14, 2012: Afren Finds Oil At Ebok NFB Well Offshore Southeast Nigeria… 58
4.5.4 Feb 15, 2012: Mart Resources Provides Update On UMU-9 Well At Umusadege Field
In Nigeria… 58
4.5.5 Jan 17, 2012: Afren Discovers Oil At Okoro East Exploration Well
Offshore Nigeria… 60
4.6 Nigeria Exploration and Production Sector, Drilling and Production Updates… 61
4.6.1 Aug 29, 2013: Lekoil Announces Drilling Update… 61
4.6.2 Aug 02, 2013: Mart Resources Mart Updates UMU-11 Well Operations… 61
4.6.3 Aug 02, 2013: CAMAC Energy Provides Operational Update for Oyo #7 Well… 61
4.6.4 Jul 15, 2013: Mart Resources Announces June 2013 Production Update… 61
4.6.5 Jun 27, 2013: Mart Resources Provides Drillig Update On UMU-10 Well
In Nigeria… 62
5 Nigeria FPSO Industry… 63
5.1 Nigeria FPSO Industry, FPSO Capacity Details by Vessel… 63
5.2 Nigeria FPSO Industry, FPSO Vessel Specifications… 64
6 Nigeria FSO Industry… 65
6.1 Nigeria FSO Industry, FSO Capacity Details by Vessel… 65
6.2 Nigeria FSO Industry, FSO Vessel Specifications… 65
7 Nigeria Pipeline Sector… 66
7.1 Nigeria Pipeline Sector, Key Data… 66
7.2 Nigeria Pipeline Sector, An Overview… 66
7.3 Nigeria Pipeline Sector, Comparison of Key Crude Oil Pipeline Companies… 66
7.4 Nigeria Pipeline Sector, Petroleum Product Pipeline Companies… 67
7.5 Nigeria Pipeline Sector, Crude Oil Pipelines… 68
7.6 Nigeria Pipeline Sector, Petroleum Product Pipelines… 70
8 Nigeria Refining Sector… 71
8.1 Nigeria Refining Sector, Key Data… 71
8.2 Nigeria Refining Sector, An Overview… 71
8.2.1 Nigeria Refining Sector, Total Refining Capacity… 71
8.3 Nigeria Refining Sector, Crude Distillation Unit Capacity… 72
8.4 Nigeria Refining Sector, Fluid Catalytic Cracking Capacity… 73
8.5 Nigeria Refining Sector, Hydrocracking Capacity… 73
9 Nigeria Oil and Chemicals Storage Sector… 74
9.1 Nigeria Oil and Chemicals Storage Sector, Key Data… 74
9.2 Nigeria Oil and Chemicals Storage Sector, An Overview… 74
9.2.1 Nigeria Oil and Chemicals Storage Sector, Total Storage Capacity… 74
9.3 Nigeria Oil and Chemicals Storage Sector, Capacity Market Share by Company… 75
9.4 Nigeria Oil and Chemicals Storage Sector, Storage Capacity Share by Area… 76
9.5 Nigeria Oil and Chemicals Storage Sector, Storage Capacity… 77
10 Profile of Total S.A.… 79
10.1 Total S.A., Key Information… 79
10.2 Total S.A., Company Overview… 79
10.3 Total S.A., Business Description… 79
10.3.1 Business Overview… 79
10.3.2 Marketing & Services… 81
10.3.3 Refining & Chemicals… 82
10.3.4 Upstream… 84
10.4 Total S.A., SWOT Analysis… 86
10.4.1 Overview… 86
10.4.2 Total S.A. Strengths… 87
10.4.3 Total S.A. Weaknesses… 90
10.4.4 Total S.A. Opportunities… 92
10.4.5 Total S.A. Threats… 94
11 Profile of Nigerian National Petroleum Corporation… 96
11.1 Nigerian National Petroleum Corporation, Key Information… 96
11.2 Nigerian National Petroleum Corporation, Company Overview… 96
11.3 Nigerian National Petroleum Corporation, Business Description… 96
11.3.1 Business Overview… 96
11.3.2 Refineries… 98
11.3.3 Retail… 99
11.3.4 Upstream… 99
11.4 Nigerian National Petroleum Corporation, SWOT Analysis… 101
11.4.1 Overview… 101
11.4.2 Nigerian National Petroleum Corporation Strengths… 101
11.4.3 Nigerian National Petroleum Corporation Weaknesses… 102
11.4.4 Nigerian National Petroleum Corporation Opportunities… 103
11.4.5 Nigerian National Petroleum Corporation Threats… 104
12 Profile of Royal Dutch Shell plc… 105
12.1 Royal Dutch Shell plc, Key Information… 105
12.2 Royal Dutch Shell plc, Company Overview… 105
12.3 Royal Dutch Shell plc, Business Description… 106
12.3.1 Business Overview… 106
12.3.2 Corporate… 107
12.3.3 Downstream… 107
12.3.4 Upstream… 108
12.4 Royal Dutch Shell plc, SWOT Analysis… 110
12.4.1 Overview… 110
12.4.2 Royal Dutch Shell plc Strengths… 110
12.4.3 Royal Dutch Shell plc Weaknesses… 111
12.4.4 Royal Dutch Shell plc Opportunities… 112
12.4.5 Royal Dutch Shell plc Threats… 113
13 Financial Deals Landscape… 115
13.1 Detailed Deal Summary… 115
13.1.1 Acquisition… 115
13.1.2 Private Equity… 125
13.1.3 Equity Offerings… 126
13.1.4 Partnerships… 127
13.1.5 Asset Transactions… 128
14 Recent Developments… 136
14.1 License Rounds… 136
14.1.1 Dec 06, 2012: Nigeria Seeks To Conduct Oil And Gas Bidding Round Before
End Of 2012… 136
14.2 License Awards… 136
14.2.1 Jul 16, 2012: Labana Petroleum Awarded Two Oil Blocks In Nigeria… 136
14.2.2 Jul 16, 2012: Advantica Gas and Energy Awarded Mandaram-2 Block In Nigeria… 136
14.3 Strategy and Business Expansion… 136
14.3.1 May 09, 2013: Westbridge Energy Establishes Strategic Alliance With United Oil
and Gas In Nigeria… 136
14.3.2 Sep 01, 2012: Orient Petroleum To Start New Refinery In Anambra State
By 2013… 137
14.4 Other Significant Developments… 137
14.4.1 Aug 12, 2013: Mart Resources Operations and Production Update… 137
14.4.2 Jul 31, 2013: Allied Energy Settles Litigation with Former Officers and
Directors… 138
14.4.3 Jul 30, 2013: Nigeria Finds Lagos Refinery Viable Out Of Proposed Three
Greenfield Projects… 138
14.5 New Contracts Announcements… 139
14.5.1 Jul 26, 2013: Technip awarded two flexible pipe supply contracts for the
Egina field in Nigeria… 139
14.5.2 Jun 19, 2013: WorleyParsons Wins Contract From Samsung Heavy Industries For FPSO
In Nigeria… 140
14.5.3 Feb 07, 2013: Subsea 7 Wins Contract From Esso Exploration For Erha North Field
Offshore Nigeria… 140

List of Tables

1.1 List of Tables
Table 1: Nigeria, Historic and Forecast Production and Consumption of Oil, mbd,
2000-2020… 11
Table 2: Nigeria, Historic and Forecast Exports and Imports of Oil, mbd, 2000-2020… 13
Table 3: Nigeria, Historic Reserves of Crude Oil, billion bbl, 2000-2012… 15
Table 4: West Africa, Investment Benchmarking, Overall Country Rankings, Sep 2013… 17
Table 5: West Africa, Investment Benchmarking, Upstream Fiscal Attractiveness,
Sep 2013… 18
Table 6: West Africa, Investment Benchmarking, Oil Sector Performance, Sep 2013… 19
Table 7: West Africa, Investment Benchmarking, Economic Performance, Sep 2013… 23
Table 8: West Africa, Country Standings, Economic Performance, by FDI Confidence-
GDP Growth & Oil Production, Sep 2013… 24
Table 9: West Africa, Investment Benchmarking, Socio-Political Performance, Sep 2013… 25
Table 10: West Africa, Country Standings, Socio-Political Performance, by Exploration
Growth- FDI Confidence and Governance Indices, Sep 2013… 26
Table 11: Nigeria, Key Statistics, 2013… 27
Table 12: Nigeria, Total Gross Crude Oil Production (%) by Type, 2003-2012… 28
Table 13: Nigeria, Gross Crude Oil Production (mmbbl), by Assets, 2003-2012… 29
Table 14: Nigeria, Market Share (%) of Key Companies based on Gross Equity Weighted
Crude Oil Production, 2003-2012… 35
Table 15: Nigeria, Gross Crude Oil Production (mmbbl), Forecast by Assets, 2013-2017… 36
Table 16: Nigeria, Active Oil Field Asset Details… 40
Table 17: Nigeria, Planned Oil Field Asset Details… 51
Table 18: Nigeria, Number of Major Oil Discoveries, 2007-2012… 55
Table 19: Nigeria, Major Oil Discovery Details, 2007-2012… 56
Table 20: Nigeria FPSO Industry, FPSO Oil Production Capacities, Sep 2013… 63
Table 21: Nigeria FPSO Industry, FPSO Vessel Specifications, Sep 2013… 64
Table 22: Nigeria FSO Industry, FSO Oil Production Capacities, Sep 2013… 65
Table 23: Nigeria FSO Industry, FSO Vessel Specifications, Sep 2013… 65
Table 24: Nigeria, Pipeline Key Statistics, Sep 2013… 66
Table 25: Nigeria, Crude Oil Pipeline Length by Company (km), Sep 2013… 66
Table 26: Nigeria, Petroleum Product Pipeline Length by Company (km), Sep 2013… 67
Table 27: Nigeria, Crude Oil Pipelines, Sep 2013… 68
Table 28: Nigeria, Crude Oil Pipelines, Sep 2013 (Contd.1)… 69
Table 29: Nigeria, Petroleum Product Pipelines, Sep 2013… 70
Table 30: Nigeria, Refinery Key Statistics, Sep 2013… 71
Table 31: Nigeria, Total Refining Capacity (mbd), 2005-2017… 71
Table 32: Nigeria, Crude Distillation Unit Capacity (mbd), 2005-2017… 72
Table 33: Nigeria, Fluid Catalytic Cracking Unit Capacity (mbd), 2005-2017… 73
Table 34: Nigeria, Hydrocracking Unit Capacity (mbd), 2005-2017… 73
Table 35: Nigeria, Oil and Chemicals Storage Key Statistics, Sep 2013… 74
Table 36: Nigeria, Total Oil and Chemicals Storage Capacity (mcm), 2005-2017… 74
Table 37: Nigeria, Oil and Chemicals Storage Capacity by Company (mcm), 2005-2017… 75
Table 38: Nigeria, Oil and Chemicals Storage Capacity (mcm), 2005-2017… 77
Table 39: Nigeria, Oil and Chemicals Storage Capacity (mcm), 2005-2017 (Contd.1)… 78
Table 40: Total S.A., Key Facts… 79
Table 41: Total S.A., SWOT Analysis… 87
Table 42: Nigerian National Petroleum Corporation, Key Facts… 96
Table 43: Nigerian National Petroleum Corporation, SWOT Analysis… 101
Table 44: Royal Dutch Shell plc, Key Facts… 105
Table 45: Royal Dutch Shell plc, SWOT Analysis… 110
Table 46: Afren Acquires Additional 23.3% Interest In First Hydrocarbon Nigeria
For US$105.4 Million… 115
Table 47: Afren Completes Acquisition Of Additional 10.4% Stake In First Hydrocarbon
Nigeria For US$37 Million… 116
Table 48: Shoreline Power Exercises Option For 13.5% Stake In Shoreline Natural Resources,
Oil And Gas Company, From Heritage Oil For US$100 Million… 118
Table 49: Oando Energy Resources To Acquire ConocoPhillips's Nigerian Business Units
For US$1.79 Billion… 119
Table 50: Oando Energy Resources Completes Acquisition Of Oando Qua Ibo And Oando
Reservoir and Production Services From Oando For US$11.6 Million… 121
Table 51: PetroChina Plans To Acquire Oil And Gas Companies In Central Asia, East Africa,
Australia And Canada… 122
Table 52: MENA Hydrocarbons Completes Acquisition Of Mideast Energy
For US$0.85 Million… 123
Table 53: Exile Resources Completes Acquisition Of 78% Interest In Equator Exploration
From Oanda… 124
Table 54: Kingdom Holding Invests US$50 Million In First Hydrocarbon Nigeria… 125
Table 55: Oando Plans Public Offering Of Shares For US$220.5 Million… 126
Table 56: Oando Plans For Private Placement… 126
Table 57: Sonatrach Plans To Form Partnership With Shell And Exxon Mobil… 127
Table 58: Oil India Plans To Acquire Oil And Gas Assets In Africa For US$200 Million… 128
Table 59: Shell Plans To Sell Four Oil And Gas Leases In Nigeria… 129
Table 60: Lekoil To Acquire 6.502% Interest In OML… 113 Offshore Nigeria From
Pan Petroleum For US$30 Million… 130
Table 61: Chevron Plans To Sell 40% Interest In Three Additional Oil Properties
In Niger Delta… 131
Table 62: Tangiers Petroleum Plans To Acquire Interest In Oil And Gas Assets
In Africa… 132
Table 63: Lekoil Acquires 17.14% Interest In OPL 310 License In Offshore Nigeria
From Afren… 133
Table 64: Eland Oil & Gas To Acquire 40% Interest In OPL 452 In Nigeria From
Amalgamated Oil Company Nigeria… 134
Table 65: Total To Sell 20% Stake In OML 138 Block To Sinopec For US$2.5 Billion… 134


List of Figures


1.2 List of Figures
Figure 1: Nigeria, Primary Energy Consumption Split By Fuel Type (%), 2012… 10
Figure 2: Nigeria, Historic and Forecast Production and Consumption of Oil, mbd,
2000-2020… 12
Figure 3: Nigeria, Historic and Forecast Exports and Imports of Oil, mbd, 2000-2020… 14
Figure 4: Nigeria, Crude Oil Reserves, billion bbl, 2000-2012… 15
Figure 5: West Africa, Country Standings, Upstream Fiscal Attractiveness, Sep 2013… 18
Figure 6: West Africa, Country Standings, Oil Sector Performance, by Reserves-
Exploration & Production, Sep 2013… 20
Figure 7: West Africa, Country Standings, Oil Sector Performance, by Production-
Consumption & Refining, Sep 2013… 21
Figure 8: West Africa, Country Standings, Total Exploration Blocks, 2008-2012… 22
Figure 9: West Africa, Country Standings, Economic Performance by FDI Confidence-
GDP Growth & Oil Production, Sep 2013… 24
Figure 10: West Africa, Country Standings, Socio-Political Performance, by Exploration
Growth- FDI Confidence and Governance Indices, Sep 2013… 26
Figure 11: Nigeria, Crude Oil Assets Map, Sep 2013… 27
Figure 12: Nigeria, Total Gross Crude Oil Production (%) by Type, 2003-2012… 28
Figure 13: Nigeria, Market Share (%) of Key Companies based on Gross Equity Weighted
Crude Oil Production, 2012… 35
Figure 14: Nigeria, Number of Major Oil Discoveries, 2007-2012… 55
Figure 15: Nigeria, Crude Oil Pipeline Length by Company (km), Sep 2013… 67
Figure 16: Nigeria, Total Refining Capacity (mbd), 2005-2017… 72
Figure 17: Nigeria, Total Oil and Chemicals Storage Capacity (mcm), 2005-2017… 75
Figure 18: Nigeria, Oil and Chemicals Storage Capacity by Company (mcm), 
2005-2017… 76
Figure 19: Nigeria, Oil and Chemicals Storage Capacity Share by Area (%), 2012… 76


Summary


This profile is the essential source for top-level energy industry data and information.
The report provides an overview of each of the key sub-segments of the energy industry
in Nigeria. It details the market structure, regulatory environment, infrastructure and
provides historical and forecasted statistics relating to the supply/demand balance for
each of the key sub-segments. It also provides information relating to the crude oil
assets (oil fields, refineries, pipelines and storage terminals) in Nigeria.The report
compares the investment environment in Nigeria with other countries in the region. The
profiles of the major companies operating in the crude oil sector in Nigeria together
with the latest news and deals are also included in the report.


Scope

- Historic and forecast data relating to production, consumption, imports, exports and
reserves are provided for each industry sub-segment for the period 2000-2020.
- Historical and forecast data and information for all the major oil fields, refineries,
pipelines and storage terminals in Nigeria for the period 2005-2017.
- Operator and equity details for major crude oil assets in Nigeria.
- Key information relating to market regulations, key energy assets and the key companies
operating in the Nigeria’s energy industry.
- Information on the top companies in the Nigeria including business description,
strategic analysis, and financial information.
- Product and brand updates, strategy changes, R&D projects, corporate expansions and
contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity and venture
capital investments, and IPOs.


Reasons to buy


- Gain a strong understanding of the country’s energy market.
- Facilitate market analysis and forecasting of future industry trends.
- Facilitate decision making on the basis of strong historic and forecast production,
reserves and capacity data.
- Assess your competitor’s major crude oil assets and their performance.
- Analyze the latest news and financial deals in the oil sector of each country.
- Develop strategies based on the latest operational, financial, and regulatory events.
- Do deals with an understanding of how competitors are financed, and the mergers and
partnerships that have shaped the market.
- Identify and analyze the strengths and weaknesses of the leading companies
in the country.

Price


Single User Price : $2,500
Site License Price : $5,000
Enterprisewide Price (Global Site License) : $7,500


Disclaimer
All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted
in any form by any means, electronic, mechanical, photocopying, recording or otherwise,
without the prior permission of the publisher.

The facts of this report are believed to be correct at the time of publication but cannot be
guaranteed. Please note that the findings, conclusions and recommendations that the
publisher delivers will be based on information gathered in good faith from both primary
and secondary sources, whose accuracy we are not always in a position to guarantee.
As such the publisher accept no liability whatever for actions taken based on any
information that may subsequently prove to be incorrect.

To order this report, please send an email to mail@worldoils.com
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Lekoil Announces Drilling Update
Nigeria FPSO Industry
Nigeria Pipeline Sector, An Overview
Nigeria Oil and Chemicals Storage Sector
Profile of Nigerian National Petroleum Corporation
Royal Dutch Shell plc, SWOT Analysis

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