Introduction to the Oil & Gas Industry in Nigeria
Target Audience:
- New hires and graduate trainees in oil & gas companies
- Government and regulatory agency personnel
- Professionals from finance, law, or policy backgrounds entering the sector
- Contractors, service providers, and support staff working in the energy space
Course Objectives:
By the end of the training, participants will:
- Gain a clear understanding of the structure and operations of the Nigerian oil and gas industry
- Understand the value chain: upstream, midstream, and downstream
- Explore Deepwater operations and export strategies for crude oil and natural gas
- Understand the roles of key regulatory and statutory bodies
- Gain awareness of key challenges, reforms, and opportunities in Nigeria’s energy sector
Module Highlight
Overview of the Global and Nigerian Oil & Gas Industry
- Brief history of oil & gas globally and in Nigeria
- Contribution of oil & gas to Nigeria’s economy
- Nigeria’s oil basins: Niger Delta, Anambra, Benue Trough, Chad Basin
- Major operators and service companies
- Role of NNPC Ltd and its subsidiaries
Upstream Operations in Nigeria
- Exploration and production (E&P) lifecycle
- Onshore, swamp, offshore, and Deepwater operations
- Licensing rounds, oil blocks, and field development
- Production Sharing Contracts (PSCs) and Joint Ventures (JVs)
- Key technologies in use (seismic, drilling, FPSOs)
- Challenges in upstream: insecurity, funding, technical capacity
Deepwater Operations in Nigeria
- Deepwater vs shallow water distinctions
- Major Deepwater assets and operators (Bonga, Egina, Erha, etc.)
- FPSO operations and subsea infrastructure
- Logistics and marine support
- Production risks and strategic value of Deepwater developments
Midstream Operations and Infrastructure
- Crude oil and gas transportation systems
- Pipelines and pipeline networks (NNPC, NGC, SPDC, etc.)
- Storage facilities, terminals, and depots
- Natural gas processing and transportation
- Overview of NLNG and gas monetization initiatives
Downstream Sector and Market Dynamics
- Refining and product distribution
- Refineries in Nigeria (Port Harcourt, Warri, Kaduna, and Dangote)
- Fuel marketing and retail distribution
- Product pricing, deregulation, and subsidy issues
- LPG and compressed natural gas (CNG) markets
Crude Oil and Natural Gas Export
- Major export terminals (Bonny, Forcados, Escravos, etc.)
- Crude oil grades: Bonny Light, Forcados, Qua Iboe, etc.
- Gas export via NLNG and pipelines (West African Gas Pipeline)
- Export metering and fiscalisation
- Revenue flow: Crude sales, JV cash calls, royalties
Regulatory and Statutory Framework
- Petroleum Industry Act (PIA 2021) overview
- Role of Nigerian Upstream Petroleum Regulatory Commission (NUPRC)
- Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)
- Nigerian Content Development and Monitoring Board (NCDMB)
- Environmental laws and HSE compliance
- Licensing, permits, and approvals process
Key Industry Challenges and Opportunities
- Security and vandalism
- Energy transition and decarbonization in Nigeria
- Local content development
- Investment landscape and reforms
- Strategic outlook and Nigeria’s position in the global market