What factors will drive industry consolidation in the short to medium term?
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Interviews & Viewpoints | OBG talks to Austin Avuru, Managing Director, Seplat Petroleum Development Company from The Report: Nigeria 2013
Articles & Analysis | Staying in the lead: Africa’s largest oil producer balances growth, upgrades and oversight from The Report: Nigeria 2013
Nigeria has a well-established track record as the world’s 12th-largest producer of oil and the leading producer in Africa, according to the BP “Statistical Review of World Energy 2013”. Yet as the country’s proven reserves of both oil and gas start to decline, the imperative is to clarify the industry’s long-term legal and fiscal outlooks to...
Articles & Analysis | PIB: the path to certainty: Back and forth on slated reforms from The Report: Nigeria 2013
Following over a decade’s debate on 17 drafts of the long-awaited Petroleum Industry Bill (PIB), authorities hope to enact the reform by year-end 2013. With debate shifting from the federal executive branch to parliament, and the 2015 elections fast approaching, time is of the essence. Despite opposition from international oil companies (IOCs) due...
Interviews & Viewpoints | OBG talks to Emeka Ene, Chairman, Petroleum Technology Association of Nigeria (PETAN) from The Report: Nigeria 2013
To what extent do local content laws in the region inhibit international growth and trade?
Articles & Analysis | Monetising an ocean of gas: New projects help the country to reap the gains of its major resource from The Report: Nigeria 2013
Nigeria’s reserves are often characterised as a drop of oil in an ocean of natural gas. With total proven natural gas reserves ranging between 182trn standard cu ft (scf), according to BP’s “Statistical Review of World Energy 2013”, and 187trn scf, according to the Nigerian National Petroleum Corporation (NNPC) – making it the world’s ninth largest...
Articles & Analysis | Integrating operations: Developing local onshore assembly and fabrication capacity from The Report: Nigeria 2013
As Nigeria’s upstream mix shifts increasingly offshore, developing onshore assembly and fabrication capacity will be crucial for the floating, production, storage and offloading (FPSO) facilities key to extracting this oil. The local content of FPSOs in Nigeria has gradually increased with FPSOs such as Bonga, Agbami and Usan, yet the Total-operated...