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Gas Market Outlook in Nigeria, 2010

Published By :

GlobalData

Published Date : Sep 2010

Category :

Natural Gas

No. of Pages : 109 Pages


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 natural gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) 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 natural gas 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 1996-2020.
  • Historical and forecast data and information for all the major gas fields, (Liquified Natural Gas) LNG Terminals, pipelines and underground gas storage facilities in Nigeria for the period 2000-2013.
  • Operator and equity details for major natural gas assets in Nigeria.
  • Key information relating to market regulations, key energy assets and the key companies operating in the Nigerias 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 countrys 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 competitors major natural gas assets and their performance.
  • Analyze the latest news and financial deals in the gas 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.
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, Natural Gas 11
2.2.1 Nigeria Natural Gas, Overview 11
2.2.2 Nigeria Natural Gas, Supply and Demand Balance 11
2.2.3 Nigeria Natural Gas, Regulatory Structure 17
2.2.4 Nigeria Natural Gas, Infrastructure 17

3 Nigeria Gas Upstream Investment Environment Benchmarking 19
3.1 Introduction 19
3.2 The Overall Ranking 19
3.3 Upstream Fiscal Attractiveness 19
3.3.1 Maximum Government Take Index 21
3.3.2 Fiscal Flexibility 21
3.3.3 Maximum State Participation 21
3.3.4 Maximum Domestic Market Obligation 22
3.4 Gas Sector Performance 22
3.4.1 Exploration Activity 24
3.4.2 Gas Production 25
3.4.3 Gas Reserves 25
3.4.4 Gas Consumption 25
3.5 Economic Performance 26
3.5.1 GDP Growth Index 27
3.5.2 FDI Confidence Index 27
3.5.3 Balance of Trade Index 27
3.6 Socio-Political Performance 28
3.6.1 Democracy Index 29
3.6.2 Governance Index 29

4 Nigeria Exploration and Production Sector 30
4.1 Nigeria Exploration and Production Sector, Country Snapshot 30
4.1.1 Nigeria Exploration and Production Sector, Key Data 30
4.1.2 Nigeria Exploration and Production Sector, Natural Gas Assets Map 30
4.2 Nigeria Exploration and Production Sector, Marketed Natural Gas Production 31
4.2.1 Nigeria Exploration and Production Sector, Marketed Natural Gas-Historical Production 31
4.2.2 Nigeria, Exploration and Production Sector, Marketed Natural Gas-Historical Production by Type 32
4.2.3 Nigeria Exploration and Production Sector, Marketed Natural Gas Production by Assets 33
4.2.4 Nigeria Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 34
4.2.5 Nigeria Exploration and Production Sector, Market Share based on Marketed Equity Weighted Natural Gas Production 35
4.3 Nigeria Exploration and Production Sector, Marketed Natural Gas Forecasts 37
4.3.1 Nigeria Exploration and Production Sector, Marketed Natural Gas Forecasted Production 37
4.4 Nigeria Exploration And Production Sector, Natural Gas Asset Details 38
4.4.1 Nigeria Exploration And Production Sector, Active Natural Gas Asset Details 38
4.4.2 Nigeria Exploration and Production Sector, Planned Natural Gas Asset Details 41
4.5 Nigeria Exploration And Production Sector, Major Gas Discoveries, 2004-2009 42
4.5.1 Nigeria Exploration And Production Sector, Number of Gas Discoveries, 2004- 2009 42
4.5.2 Nigeria Exploration And Production Sector, Gas Discovery Details, 42
4.6 Nigeria Exploration And Production Sector, Recent Discoveries 43
4.6.1 Jun 25, 2010: Afren Taps Oil At Ebok Deep Exploration Well Im OML 67, Offshore Nigeria 43
4.6.2 Jun 24, 2010: Total Announces Hydrocarbon Discovery At OML 136, Offshore Western Nigeria 43
4.6.3 May 20, 2010: Conoil Finds Gas Deposits At Agge-3B T1 Well In OML-136, Nigeria 43
4.7 Nigeria Exploration And Production Sector, Drilling and Production Updates 44
4.7.1 Sep 13, 2010: Mart Resources Commences Drilling On UMU-6 Well In Umusadege Field, Nigeria 44
4.7.2 Aug 11, 2010: OMEL's Nigerian Find May Not Be Commercially Viable: Indian Oil Minister 44
4.7.3 Aug 09, 2010: Mart Resources Announces Rig Mobilization At UMU-6 Well In Nigeria 45
4.7.4 Aug 02, 2010: Total Resumes Operations At Akpo Offshore Oil Field In Nigeria 45
4.7.5 Jul 28, 2010: Total's Amenam Crude Oil Production Falls On Technical Issue 45
4.7.6 Jul 07, 2010: Shell Commences Oil And Gas Production From Gbaran-Ubie Project In Nigeria 45

5 Nigeria FPSO Industry 46
5.1 Nigeria FPSO Industry, FPSO Capacity Details by Vessel 46
5.2 Nigeria FPSO Industry, FPSO Vessel Specifications 46

6 Nigeria Pipeline Sector 47
6.1 Nigeria Pipeline Sector, Key Data 47
6.2 Nigeria Pipeline Sector, An Overview 47
6.3 Nigeria Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 47
6.4 Nigeria Pipeline Sector, Natural Gas Pipelines 49

7 Nigeria LNG Gas Sector 51
7.1 Nigeria LNG Gas Sector, Liquefaction 51
7.1.1 Nigeria LNG Gas Sector, Liquefaction, Total Liquefaction Capacity 51
7.1.2 Nigeria LNG Gas Sector, Liquefaction Capacity- Wise (Million Tonnes) Market Share By Company 52
7.1.3 Nigeria LNG Gas Sector, Asset- Wise Liquefaction Capacity 53

8 Profile of Royal Dutch Shell plc 54
8.1 Royal Dutch Shell plc, Key Information 54
8.2 Royal Dutch Shell plc, Company Overview 54
8.3 Royal Dutch Shell plc, Business Description 54
8.3.1 Business Overview 54
8.3.2 Corporate 55
8.3.3 Downstream 55
8.3.4 Upstream 57
8.4 Royal Dutch Shell plc, SWOT Analysis 58
8.4.1 Overview 58
8.4.2 Royal Dutch Shell plc Strengths 59
8.4.3 Royal Dutch Shell plc Weaknesses 60
8.4.4 Royal Dutch Shell plc Opportunities 61
8.4.5 Royal Dutch Shell plc Threats 62

9 Profile of Exxon Mobil Corporation 64
9.1 Exxon Mobil Corporation, Key Information 64
9.2 Exxon Mobil Corporation, Company Overview 64
9.3 Exxon Mobil Corporation, Business Description 64
9.3.1 Business Overview 64
9.3.2 Chemical 64
9.3.3 Downstream 66
9.3.4 Upstream 67
9.4 Exxon Mobil Corporation, SWOT Analysis 68
9.4.1 Overview 68
9.4.2 Exxon Mobil Corporation Strengths 69
9.4.3 Exxon Mobil Corporation Weaknesses 70
9.4.4 Exxon Mobil Corporation Opportunities 71
9.4.5 Exxon Mobil Corporation Threats 72
10 Profile of Eni S.p.A. 74
10.1 Eni S.p.A., Key Information 74
10.2 Eni S.p.A., Company Overview 74
10.3 Eni S.p.A., Business Description 74
10.3.1 Business Overview 74
10.3.2 Engineering and Construction 75
10.3.3 Exploration & Production 75
10.3.4 Gas & Power 77
10.3.5 Others 78
10.3.6 Petrochemicals 79
10.3.7 Refining and Marketing 79
10.4 Eni S.p.A., SWOT Analysis 81
10.4.1 Overview 81
10.4.2 Eni S.p.A. Strengths 81
10.4.3 Eni S.p.A. Weaknesses 83
10.4.4 Eni S.p.A. Opportunities 83
10.4.5 Eni S.p.A. Threats 84

11 Financial Deals Landscape 86
11.1 Detailed Deal Summary 86
11.1.1 Rumored Deals 86
11.1.2 Acquisition 86
11.1.3 Private Equity 87
11.1.4 Equity Offerings 89
11.1.5 Asset Transactions 90

12 Recent Developments 97
12.1 License Rounds 97
12.1.1 Jun 23, 2010: Nigeria May Auction Oil Exploration Blocks In August 2010 97
12.1.2 May 27, 2010: Nigeria To Unveil Details Of New Oil Bidding Round Within Four Weeks 97
12.2 License Awards 97
12.2.1 Apr 22, 2010: Mart Resources And Its Partners Receive Approval For UMU-6 Development Well, Onshore Nigeria 97
12.3 Strategy and Business Expansion 98
12.3.1 Aug 25, 2010: NNPC, LNG Japan Commence Strategic Partnership On LNG 98
12.3.2 Jul 20, 2010: US Supports Nigeria On PIB: NNPC 99
12.4 Other Significant Developments 99
12.4.1 Sep 01, 2010: NNPC Calls For Japan's Intervention To Fast-Track FID 99
12.4.2 Aug 30, 2010: Shell Near Completion Of $1 Billion Oil Pipeline In Nigeria 100
12.4.3 Aug 27, 2010: Nigeria Unveils Three-Step Action Plan To Boost Gas Supplies To Power Plants 101
12.4.4 Aug 11, 2010: NLNG To Raise $2 Billion Loan From International Banks In 2010 101
12.4.5 Aug 10, 2010: Four Arab States Show Interest In Buying Iranian Gas 101
12.4.6 Jul 21, 2010: Septa Energy Plans $1 Billion Investment On Domestic Gas Project In Nigeria 102
12.4.7 Jul 08, 2010: Nigeria Pledges Support For Ugandan Petroleum Industry 102
12.4.8 Jul 07, 2010: Snamprogetti Agrees To Pay $240 Million Criminal Penalty In Nigeria FCPA Case 103
12.4.9 Jul 07, 2010: Maurel & Prom Provides Operations Update 104
12.4.10 Jul 07, 2010: Iran, Nigeria Discuss Closer Cooperation In Oil And Gas Sectors 105

13 Appendix 106
13.1 Methodology 106
13.1.1 Coverage 106
13.1.2 Secondary Research 107
13.1.3 Primary Research 107
13.1.4 Midstream Forecasts 107
13.1.5 Expert Panel Validation 108
13.2 Contact Us 108
13.3 About GlobalData 108
13.4 Disclaimer 108



List of Table


Table 1: Nigeria, Historic and Forecast Production and Consumption of Natural Gas, 1996-2020 12
Table 2: Nigeria, Historic Exports of Natural Gas, 1996-2020 14
Table 3: Nigeria, Historic Reserves of Natural Gas, 1996-2009 16
Table 4: West Africa, Investment Benchmarking, Overall Country Rankings, July 2010 19
Table 5: West Africa, Investment Benchmarking, Upstream Fiscal Attractiveness, July 2010 20
Table 6: West Africa, Investment Benchmarking, Gas Sector Performance, July 2010 22
Table 7: West Africa, Investment Benchmarking, Economic Performance, July 2010 26
Table 8: West Africa, Country Standings, Economic Performance, July 2010 26
Table 9: West Africa, Investment Benchmarking, Socio-Political Performance, July 2010 28
Table 10: West Africa, Country Standings, Socio-Political Performance, July 2010 28
Table 11: Nigeria, Natural Gas Key Statistics, 2009 30
Table 12: Nigeria, Total Marketed Natural Gas Production (MMcf), 2002-2009 31
Table 13: Nigeria, Marketed Natural Gas Production (MMcf) by Type, 2002- 2009 32
Table 14: Nigeria, Marketed Natural Gas Production (MMcf), by Assets, 2002- 2009 33
Table 15: Nigeria, Marketed Equity Weighted Natural Gas Production by Company (MMcf), 2002- 2009 34
Table 16: Nigeria, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2002-2009 35
Table 17: Nigeria, Marketed Natural Gas Production (MMcf), Forecast by Major Assets, 2010- 2015 37
Table 18: Nigeria, Active Gas Field Asset Details 38
Table 19: Nigeria, Planned Gas Field Assets Details 41
Table 20: Nigeria, Number of Gas Discoveries, 2004-2009 42
Table 21: Nigeria, Gas Discovery Details, 2004-2009 42
Table 22: Nigeria FPSO Industry, FPSO Oil and Gas Production Capacities, 2009 46
Table 23: Nigeria FPSO Industry, FPSO Vessel Specifications, 2009 46
Table 24: Nigeria, Pipeline Key Statistics, 2009 47
Table 25: Nigeria, Natural Gas Pipeline Length by Company (Km), 2009 47
Table 26: Nigeria, Natural Gas Pipelines, October 2009 49
Table 27: Nigeria, Natural Gas Pipelines, October 2009 (Contd.1) 50
Table 28: Nigeria, LNG Key Statistics, 2009 51
Table 29: Nigeria, Total Liquefaction Capacity (Million Tonnes), 2000-2015 51
Table 30: Nigeria Liquefaction Capacity, by Company (Million Tonnes), 2000-2015 52
Table 31: Nigeria, Liquefaction Capacity (Million Tonnes), 2000-2015 53
Table 32: Royal Dutch Shell plc, Key Facts 54
Table 33: Royal Dutch Shell plc, SWOT Analysis 59
Table 34: Exxon Mobil Corporation, Key Facts 64
Table 35: Exxon Mobil Corporation, SWOT Analysis 69
Table 36: Eni S.p.A., Key Facts 74
Table 37: Eni S.p.A., SWOT Analysis 81
Table 38: China National Offshore Oil To Acquire Oil Reserves In Nigeria 86
Table 39: Maurel & Prom Acquires 45% Interest In Seplat Petroleum Development Company 86
Table 40: Shell To Sell Eurpean LPG Business And Oil and Gas Fields In The North Sea And Nigeria 87
Table 41: Standard Chartered Private Equity Invests $47.5 Million In Seven Energy 88
Table 42: Oando Completes Right Issue Of $142.6 Million 89
Table 43: Sirius Petroleum To Acquire 40% Stake In Ke Marginal Field 90
Table 44: Seplat Petroleum Company To Acquire 45% Interest In OML 4, 38 And 41 In Nigerian Onshore 91
Table 45: Shell To Sell Stake In Three Oil Licenses In Nigeria 92
Table 46: Afren To Acquire 32.5% Stake In OML 115 93
Table 47: Shell To Sell Three Production Licenses In Nigeria 94
Table 48: ERHC Energy To Acquire Working Interest In Eremor Marginal Field 95
Table 49: Pacific Asia Petroleum Acquires Oyo Oilfield From CAMAC Energy Holdings 96


List of Chart


Figure 1: Nigeria, Energy Sector Split By Fuel Type, 2009 10
Figure 2: Nigeria, Natural Gas Production And Consumption (Billion Cubic Feet), 1996-2020 13
Figure 3: Nigeria, Natural Gas Exports (Billion Cubic Feet), 1996-2020 15
Figure 4: Nigeria, Natural Gas Reserves (Billion Cubic Feet), 1996-2009 17
Figure 5: West Africa, Country Standings, Upstream Fiscal Attractiveness, July 2010 21
Figure 6: West Africa, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, July 2010 23
Figure 7: West Africa, Country Standings, Gas Sector Performance, by Production & Consumption, July 2010 24
Figure 8: West Africa, Country Standings, Exploration Blocks Awarded, July 2010 25
Figure 9: West Africa, Country Standings, Economic Performance, July 2010 27
Figure 10: West Africa, Country Standings, Socio-Political Performance, July 2010 29
Figure 11: Nigeria, Natural Gas Assets Map, 2009 30
Figure 12: Nigeria, Total Marketed Natural Gas Production (MMcf), 2002-2009 31
Figure 13: Nigeria, Marketed Natural Gas Production (MMcf) by Type, 2002-2009 32
Figure 14: Nigeria, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009 35
Figure 15: Nigeria, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2009 36
Figure 16: Nigeria, Number of Gas Discoveries, 2004- 2009 42
Figure 17: Nigeria , Natural Gas Pipeline Length by Company (Km), 2009 48
Figure 18: Nigeria Total Liquefaction Capacity (Million Tonnes), 2000-2015 52
Figure 19: Nigeria Liquefaction Capacity, by Company (Million Tonnes), 2000-2015 53

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