Nigeria Oil and Gas Production and Exploration Market by Terrain, Assets and Major Companies, 2021
Summary Nigeria is the largest oil and gas producer in Sub-Saharan Africa and 13th largest in the world in 2021.First oil discoveries in the country were in 1956 and production began shortly after.
Since then, the industry in the country has grown substantially with resource finds from onshore swamp area to some of the deepest offshore exploration in the world.Nigeria is heavily reliant on its oil and gas sector for national revenues, but production volumes have fallen over the last few years due to ageing fields along with a lack of investment as a result of uncertainty caused over the long-awaited Petroleum Industry Bill (PIB).
In 2021 the PIB was finally signed into law by President Buhari and international oil companies gained some clarity on their futures in the country.
Scope - Nigeria’s oil and gas production outlook by assets terrain, and major companies - Key details of active and upcoming oil and gas assets in the country - Recently licensed blocks details, licensed blocks count by company, and latest discoveries - Latest mergers and acquisitions, and awarded contracts related to the E&P sector in the country
Reasons to Buy - Gain a strong understanding of the Nigeria’s E&P sector - Facilitate decision making based on strong historical and outlook of oil and gas production data, licensed blocks details, and discoveries - Assess your competitor’s production outlook and licensed blocks count in the country - Analyze latest M&A landscape and awarded contracts related to the country’s E&P sector
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