Nigeria Oil Markets, 2011 Published: October2011 No.

of Pages: 119 Price: $ 2500

This profile is the essential source for top-level energy industry data and information. The report Nigeria Oil Market 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 crude oil assets (oil fields, refineries, pipelines and storage terminals) 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 crude oil 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 2000-2020. - Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Nigeria for the period 2000-2015. - Operator and equity details for major crude oil 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 crude oil assets and their performance. - Analyze the latest news and financial deals in the oil 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. 1 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, Crude Oil 10 2.2.1 Nigeria Crude Oil, Overview 10 2.2.2 Nigeria Crude Oil, Supply and Demand Balance 11 2.2.3 Nigeria Crude Oil, Regulatory Structure 16 2.2.4 Nigeria Crude Oil, Infrastructure 16 3 Nigeria Oil Upstream Investment Environment Benchmarking 18 3.1 Introduction 18 3.2 The Overall Ranking 18 3.3 Upstream Fiscal Attractiveness 18 3.3.1 Maximum Government Take Index 20 3.3.2 Fiscal Flexibility 20 3.3.3 Maximum State Participation 20 3.3.4 Maximum Domestic Market Obligation 20 3.4 Oil Sector Performance 20 3.4.1 Exploration Activity 22 3.4.2 Oil Production 23 3.4.3 Oil Reserves 23 3.4.4 Oil Consumption 24 3.4.5 Refining Industry 24 3.5 Economic Performance 24 3.5.1 GDP Growth Index 26 3.5.2 FDI Confidence Index 26 3.5.3 Balance of Trade Index 26 3.6 Socio-Political Performance 26 3.6.1 Democracy Index 28 3.6.2 Governance Index 28 4 Nigeria Exploration and Production Sector 29 4.1 Nigeria Exploration and Production Sector, Country Snapshot 29 4.1.1 Nigeria Exploration and Production Sector, Key Data 29 4.1.2 Nigeria Exploration and Production Sector, Crude Oil Assets Map 29 4.2 Nigeria Exploration and Production Sector, Gross Crude Oil Production 30 4.2.1 Nigeria Exploration and Production Sector, Total Gross Crude Oil Production 30 4.2.2 Nigeria Exploration and Production Sector, Gross Crude Oil Production by Type 31 4.2.3 Nigeria Exploration and Production Sector, Gross Crude Oil Production by Major Assets 32 4.2.4 Nigeria Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 34 4.2.5 Nigeria Exploration and Production Sector, Market Share of Key Companies Based on

Gross Equity Weighted Crude Oil Production 35 4.3 Nigeria Exploration and Production Sector, Gross Crude Oil Forecasts 36 4.3.1 Nigeria Exploration and Production Sector, Gross Crude Oil Forecasted Production 36 4.4 Nigeria Exploration and Production Sector, Crude Oil Asset Details 39 4.4.1 Nigeria Exploration and Production Sector, Active Crude Oil Asset Details 39 4.4.2 Nigeria Exploration and Production Sector, Planned Crude Oil Asset Details 45 4.5 Nigeria Exploration and Production Sector, Major Oil Discoveries 47 4.5.1 Nigeria Exploration and Production Sector, Number of Oil Discoveries, 2005-2010 47 4.5.2 Nigeria Exploration and Production Sector, Oil Discovery Details 48 4.6 Nigeria Exploration and Production Sector, Recent Discoveries 48 4.6.1 Jul 20, 2011: Mart Resources Finds Hydrocarbons On UMU-8 Well In Umusadege Field, Nigeria 48 4.6.2 Nov 01, 2010: MPN Strikes Gas At Pegi-1 Well In Oil Mining License 104, Nigeria 49 4.6.3 Jun 25, 2010: Afren Taps Oil At Ebok Deep Exploration Well Im OML 67, Offshore Nigeria 49 4.7 Nigeria Exploration and Production Sector, Drilling and Production Updates 50 4.7.1 Apr 14, 2011: SNEPCo Resumes Production At Bonga Oil Field, Offshore Nigeria 50 4.7.2 Apr 07, 2011: Exile Resources Announces Reserves Estimates For Akepo Property, Offshore Nigeria 50 4.7.3 Feb 21, 2011: SPDC's Gbaran-Ubie Project Achieves 1bscfpd Of Gas Production 50 4.7.4 Feb 08, 2011: Mart Resources Spuds UMU-7 Well At Umusadege Field In Nigeria 51 5 Nigeria FPSO Industry 52 5.1 Nigeria FPSO Industry, FPSO Capacity Details by Vessel 52 5.2 Nigeria FPSO Industry, FPSO Vessel Specifications 53 6 Nigeria FSO Industry 54 6.1 Nigeria FSO Industry, FSO Capacity Details by Vessel 54 6.2 Nigeria FSO Industry, FSO Vessel Specifications 54 7 Nigeria Pipeline Sector 55 7.1 Nigeria Pipeline Sector, Key Data 55 7.2 Nigeria Pipeline Sector, An Overview 55 7.3 Nigeria Pipeline Sector, Comparison of Key Crude Oil Pipeline Companies 55 7.4 Nigeria Pipeline Sector, Petroleum Product Pipeline Companies 56 7.5 Nigeria Pipeline Sector, Crude Oil Pipelines 57 7.6 Nigeria Pipeline Sector, Petroleum Product Pipelines 58 8 Nigeria Refining Sector 59 8.1 Nigeria Refining Sector, Key Data 59 8.2 Nigeria Refining Sector, An Overview 59 8.2.1 Nigeria Refining Sector, Total Refining Capacity 59 8.3 Nigeria Refining Sector, Market Shares by Company 60 8.4 Nigeria Refining Sector, Crude Distillation Unit Capacity 61 8.5 Nigeria Refining Sector, Fluid Catalytic Cracking Capacity 61 9 Nigeria Oil and Chemicals Storage Sector 62 9.1 Nigeria Oil and Chemicals Storage Sector, Key Data 62 9.2 Nigeria Oil and Chemicals Storage Sector, An Overview 62 9.2.1 Nigeria Oil and Chemicals Storage Sector, Total Storage Capacity 62 9.2.2 Nigeria Oil and Chemicals Storage Sector, Storage Capacity Share by Area 63 9.3 Nigeria Oil and Chemicals Storage Sector, Capacity- Wise Market Share by Company 64 9.4 Nigeria Oil and Chemicals Storage Sector, Storage Capacity 65 10 Profile of Chevron Corporation 67 10.1 Chevron Corporation, Key Information 67

10.2 Chevron Corporation, Company Overview 67 10.3 Chevron Corporation, Business Description 67 10.3.1 Business Overview 67 10.3.2 Downstream 68 10.3.3 Others 69 10.3.4 Upstream 70 10.4 Chevron Corporation, SWOT Analysis 71 10.4.1 Overview 71 10.4.2 Chevron Corporation Strengths 72 10.4.3 Chevron Corporation Weaknesses 73 10.4.4 Chevron Corporation Opportunities 74 10.4.5 Chevron Corporation Threats 75 11 Profile of Nigerian National Petroleum Corporation 77 11.1 Nigerian National Petroleum Corporation, Key Information 77 11.2 Nigerian National Petroleum Corporation, Company Overview 77 11.3 Nigerian National Petroleum Corporation, Business Description 77 11.3.1 Business Overview 77 11.4 Nigerian National Petroleum Corporation, SWOT Analysis 79 11.4.1 Overview 79 11.4.2 Nigerian National Petroleum Corporation Strengths 79 11.4.3 Nigerian National Petroleum Corporation Weaknesses 80 11.4.4 Nigerian National Petroleum Corporation Opportunities 80 11.4.5 Nigerian National Petroleum Corporation Threats 81 12 Profile of Royal Dutch Shell plc 82 12.1 Royal Dutch Shell plc, Key Information 82 12.2 Royal Dutch Shell plc, Company Overview 82 12.3 Royal Dutch Shell plc, Business Description 82 12.3.1 Business Overview 82 12.3.2 Corporate 83 12.3.3 Downstream 83 12.3.4 Upstream 85 12.4 Royal Dutch Shell plc, SWOT Analysis 86 12.4.1 Overview 86 12.4.2 Royal Dutch Shell plc Strengths 86 12.4.3 Royal Dutch Shell plc Weaknesses 87 12.4.4 Royal Dutch Shell plc Opportunities 88 12.4.5 Royal Dutch Shell plc Threats 89 13 Financial Deals Landscape 91 13.1 Detailed Deal Summary 91 13.1.1 Acquisition 91 13.1.2 Private Equity 97 13.1.3 Equity Offerings 99 13.1.4 Asset Transactions 102 14 Recent Developments 111 14.1 License Rounds 111 14.1.1 Jun 23, 2010: Nigeria May Auction Oil Exploration Blocks In August 2010 111 14.1.2 May 27, 2010: Nigeria To Unveil Details Of New Oil Bidding Round Within Four Weeks 111 14.2 License Awards 111 14.2.1 Apr 22, 2010: Mart Resources And Its Partners Receive Approval For UMU-6

Development Well, Onshore Nigeria 111 14.3 Strategy and Business Expansion 112 14.3.1 Aug 13, 2010: Imo State Seeks NNPC's Support To Build Refinery 112 14.3.2 Aug 13, 2010: Eni Discusses Energy Cooperation With Nigeria 112 14.4 Other Significant Developments 113 14.4.1 Sep 23, 2011: Mira Resources To Commence Re-entry And Testing Operations Of Tom Shot Bank 1 113 14.4.2 Sep 20, 2011: Mart Resources Announces UMU-8 Well Initial Test Results 114 14.4.3 Sep 02, 2011: Total's Usan FPSO Arrives Nigeria 114 14.4.4 Aug 30, 2011: NNPC Takes Over Operatorship Of Four Nigerian Oil Blocks 114 14.4.5 Aug 15, 2011: Mart Resources Provides UMU-8 Well And July 2011 Production Update 115 14.4.6 Jun 10, 2011: Mart Resources Announces Commencement Of Drilling At UMU-8 Well In Umusadege Field, Onshore Nigeria 115 14.5 New Contracts Announcements 116 14.5.1 Oct 11, 2010: Addax Petroleum Secures Contract Extension For FPSO Sendje Berge 116 14.5.2 Oct 08, 2010: Prosafe Production Secures Contract Extension For Abo FPSO 116 15 Appendix 117 15.1 Abbreviations 117 15.2 Methodology 117 15.2.1 Coverage 117 15.2.2 Secondary Research 118 15.2.3 Primary Research 118 15.2.4 Expert Panel Validation 118 15.3 Contact Us 119 15.4 Disclaimer 119

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