It also provides 95% of foreign exchange earnings, and about 65% of government budgetary revenues nigerias proven oil reserves are estimated by the united states energy information administration eia at between 16 and. Oil was discovered in nigeria in 1956 at oloibiri in the niger delta after half a century of exploration. Current daily production is typically limited by opec quota reductions. In 2007, nigeria adopted the national oil and gas policy, which was the result of the work of the oil and gas implementation committee instituted in 2000 and based on a longterm projection of 4 million barrels of oil production per day and 40 billion barrels of proven reserves by 2020. The paradox of the black gold 329 nigeria s stateowned re. Developments in nigeria s oil and gas industry nigeria is undoubtedly a major participant in the global oil and gas market, being the 15th1 largest oil producer in the world, with proven reserves of around 37 billion barrels, and has the 7th largest natural gas reserves in the world, estimated at about 184 trillion cubic feet2. The changing role of natural gas in nigeria econstor. Akinbuwa 2008 paradoxically, the niger delta remains the poorest region as earlier stated, due to the ecologically unfriendly exploitation of.
Gabrich global is pleased to bring to you the history of the nigerian petroleum industry this week. Oil production in nigeria in barrels per day 2018 statista. Introduction akwa ibom state is one of the thirtysix states that makeup nigeria and one of the nine oil and gas producing states of the nigerdelta region in. Nigeria is undoubtedly a major participant in the global oil and gas market, being the 15th1largest oil producer in the world, with proven reserves of around 37 billion barrels, and has the 7thlargest natural gas reserves in the world, estimated at about 184 trillion cubic feet2. List of oil and gas companies in nigeria comprehensive. Within the legal framework required by nigerian laws over pollution and environmental degradation, this paper discusses some of the major oil and gas regulations with the aim of finding a lasting solution to the problems of violations and noncompliance.
At the same time, nigeria is perceived as one of the worlds most corrupt countries, and significant levels of corruption are said to exist within its oil sector. As the guardian of these resources and the wellbeing of the population, the federal government needs to play an active role to ensure. Public regulation of the oil and gas industry in nigeria ggu law. Oil and gas production had been hampered in nigeria in the past few years, due. Introduction it is very important to note that each time environmental issues are mentioned in nigeria, the oil and gas industry readily comes to mind. Nigeria may finally be able to make its oil wealth a blessing instead of a curse. Pdf origin and occurrence of crude oil in the niger.
Oil exploration, security challenges, nigerdelta, environmental problems, and oil spillages. The role of oil and gas in nigerias economy and governance it would be difficult to exaggerate the role of oil in the nigerian economy. Environmental policies and strategies in nigeria oil and gas. The early history 1908 1960 the history of oil exploration in nigeria dates back to 1908 when nigerian bitumen corporation conducted exploratory work in the country. The obasanjo government inherited the parlous state of the oil and gas sector of the economy and resolved to address the nagging issues. Thereafter, license was given to darcy exploration company and whitehall petroleum. Nigeria joined the ranks of oil producers in 1958 when its first oil field came on stream producing 5,100 bpd. As the guardian of these resources and the wellbeing of the population, the federal government needs to.
June 2005 oml 51 opl 325 pl 24 oil pipeline opl 338 oml 24 gas pipeline oil pipeline planned gas pipeline planned. History of the nigerian petroleum industry oil was discovered in nigeria in 1956 at oloibiri in the niger delta after half a century of exploration. Nigeria oil and gas industry analysis and forecast report. Its seven most populous cities each house more than one million people, and about one out of two west africans is from nigeria. Framework paperi oil and gas resources in the federal. Overview nigeria, with an estimated population of 140 million, ranks among the top 10 nations in proved oil and natural gas reserves. Nigerias postcolonial history is characterized by structural dualism. Oil exploration and security challenges in the nigerdelta. In 2000, president obasanjo created the oil and gas sector reforms implementation committee ogsrcc and further created the oil and gas implementation committee ogic under the leadership of dr. Within the legal framework required by nigerian laws over pollution and environmental degradation, this paper discusses some of the major oil and gas regulations with the aim of finding a lasting solution to the. Pdf purpose this chapter examines the socioeconomic and political.
Findings in spite of the large profits made by oil companies operating in the niger delta. Environment, policies, strategies, nigeria, oil and gas industry 1. May 03, 2015 gabrich global is pleased to bring to you the history of the nigerian petroleum industry this week. Oil and gas exploration and production laws in nigeria. You will find top headlines and new oil and gas jobs posted here. Domestic gas supply has been identified as the immediate, if not major source of gas for gastopower projects and is. As a member of opec, nigerias oil productionfluctuates in line with the cartels response to world oil supply. Foster measurement and implementation of local content. Nigerias oil and gas are about 27 billion barrels and 4. Gas opportunity for over 50 years, oil has been a critical economic driver in nigeria. This makes her the 10 th largest producer of crude oil in the world and the 6 th largest.
Importation notwithstanding, there have been persistent product shortages that gave strength to the argument for deregulation of the downstream oil subsector in nigeria. The nigerian gas sector nigeria is the largest subsaharan country with a population exceeding 140 million people, and has the largest gas reserve in africa and ranked 7th in terms of global gas reserves. Oil revenues account for about 95% of nigerias foreign exchange earnings. Nigeria directory plans to list all nigerian businesses and organisations. Chevron nigerias new evolutional journey to csr in the nigeria delta region. As of 2000, oil and gas exports accounted for more than 98% of export earnings and about 83% of federal government revenue, as well as generating more than 14% of its gdp. The successive military governments that ruled nigeria from the 1970s to late 1990s failed to address the deepseated feeling of neglect and marginalization felt by the oil producing communities. Industry history nigerian national petroleum corporation. Similar tactics have been used by militants against oil workers in the niger delta.
Akinbuwa 2008 paradoxically, the niger delta remains the poorest region as earlier stated, due to the ecologically unfriendly exploitation of oil and gas and state. The paradox of the black gold article pdf available in research in social problems and public policy 18. Oil and gas resources account for over 85% of nigerias gross domestic product gdp, over 95% of the national budget and over 80% of the nations wealth. However, the countrys gas reserves exceed those of its oil it is ranked ninth in the world for proven gas reserves and yet historically gas flaring has been employed to dispose of. This study examines the history, current strategies and future prospects of the nigerian. Aug 04, 2011 a major 1970 oil spill in ogoniland in the southeast of nigeria led to thousands of gallons being spilt on farmland and rivers, ultimately leading to a. World equidistant cylindrical opl 215 opl 903 date. Since the first oil price shock in 1974, oil has annually produced over 90 percent of nigerias export income. Nigeria is the most populous cou ntry in africa, the second biggest economy, the third largest military power and the biggest oil producer 10th oil producer in the world.
Nigeria s proven gas reserves are estimated at over 170 trillion standard cubic feet scf, which is substantially larger in value than oil. Nigeria with a proven reserve of 260 trillion cubic feet of natural gas triples the. The country also has the largest oil and gas reserves in subsaharan africa, with an estimated 37 billion barrels of oil and 188 trillion cubic feet of gas. The most controversial spills come from pipeline blasts. A new empirical study on oil and gas in nigeria, which serves as a useful general introduction to many aspects of the countrys oil and gas industries and related laws.
Oil and gas related operations are the most obvious industrial activities in the coastal region of ondo corresponding author. Also the history of successive revenue allocation arrangements in nigeria has. Jan 07, 2019 the trading regime for gas in nigeria is similar to the regime for crude oil, which is subject to domestic gas supply obligations imposed by the ministry of petroleum, pursuant to the national. Public regulation of the oil and gas industry in nigeria. Nigeria upstages angola in crude oil production the. Nigeria is the largest oil and gas producer in africa. Overview of the oil and gas sector nigeria is one of the worlds largest producers of crude oil. Nigeria has steadily overtaken angola as the top oil and gas producer in africa, with an increased out put of 91,500 barrels per day bpd in february 2018. Almost three years after the passage of the landmark nigerian oil and gas industry content development act the nigerian content act or nogicd act in 2010, significant progress has been made.
Oil, oil gas field developedundeveloped gas, gas condensate field developedundeveloped indigenous marginal field oml 89 opl z211 opl 273 oml 111 oml 127 oml 42 projection. Status of the nigerian oil and gas industry the pib controversy. Recent power sector reforms in nigeria have also generated activity in the gas sector and gastopower projects are at the core of the nations gas agenda. Aug 01, 2017 screenshot of members of an oil exploration team kidnapped by boko haram in northeastern nigeria, july 29, 2017. Thats the equivalent of an exxon valdez disaster happening every year for nearly 50 years. However, both companies did not find oil of commercial value and returned. Nigerias oil sector contributes 15 percent to the gdp and the export values of crude oil now accounts for. Oil and gas resources in the federal republic of nigeria wumi iledare1 and rotimi suberu2 1.
In section two, we explore the history of nigerias. The history of oil exploration in nigeria dates back to 1903 when nigerian bitumen. Eghosa osa ekhator abstract nigeria operates a command and control regulatory framework in the oil and gas sector. Nigeria country strategy note august 2016 executive summary nigeria is africas largest oil exporter, and the worlds 11th largest oil producer, accounting for more than 2. The reason for this is that the oil and gas industry in nigeria accounts for about 90%.
Oil and gas exploration and production laws in nigeria lexology. Pdf purpose this chapter examines the socioeconomic and political challenges facing nigerias oilproducing sector. Major events in the history of the nigerian oil and gas. Major events in the history of the nigerian oil and gas 1908 nigerian bitumen co. Environmental policies and strategies in nigeria oil and. Nigeria is one of africa s largest oil and gas producers, with over two million barrels per day in 20166. The search for oil in nigeria officially started in 1903 when two companies. Sustainable closure and decommissioning of onshore and offshore oil and gas assets in nigeria 1 introduction resources or commercial viability of continued operation. All of the latest oil and gas newsfind oil and gas jobs.
Oil and gas republic media coverage at egbin power plant in lagos, nigeria. Hopkins called on africanists in 1976 to return to the study of imperial business, both as an extension of european and american business history and. A policy outlook for energy security and sustainable. The discovery was made by shellbp, at the time the sole concessionaire. In the same year, the petroleum industry bill was conceived. The oil and gas industry is a key part of the economic growth in nigeria, the industry is very competitive and a bit risky, and the room for new entrant to the market is very tough and exploiting as the industry is a bit corrupt obtaining a license is very hard as well as being a major player in the industry is very. Crude oil was first discovered in commercial quantities in nigeria in 1956, while actual production started in 1958.
Developments in nigerias oil and gas industry nigeria is undoubtedly a major participant in the global oil and gas market, being the 15th1 largest oil producer in the world, with proven reserves of around 37 billion barrels, and has the 7th largest natural gas reserves in the world, estimated at about 184 trillion cubic feet2. Nigerias illegal oil bunkerers the wider image reuters. Mandals as, worlds largest manufacturer and supplier of lay flat hoses. The crude oil production in nigeria is estimated to witness a decline of approximately 7. Boko haram blocks oil exploration in northeast nigeria. However, evidence from leaked us state department documents have proven that britain, through. Nigerian oil and gas industry and make it more relevant to the sustainable development of the nigerian state report by akin akinsipe 08023173582 the nigerian economy and the relevance of the petroleum industry nigeria. Origin and occurrence of crude oil in the niger delta, nigeria article pdf available in journal of petroleum science and engineering 612. The relevance of transport in gas logistics in nigeria.
580 1104 223 1098 388 115 889 1508 1550 870 558 221 398 514 649 1326 347 804 384 1088 877 978 114 192 801 1345 137 835 200 92 1172 634 840 432 523