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Nigeria

Nigerian oil production growth declines owing to Persistent operational issues

The West African country’s crude production has been languishing at only two-thirds of its full capacity this year due to these factors along with its obligations under the OPEC+ production cuts. And, with further fiscal and security uncertainties ahead, the outlook for the country’s oil sector is likely to come under pressure despite the implementation […]

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Nigeria’s Indigenous Companies Add to the Current 206.53 TCF Gas Reserves

Proven gas deposits in Nigeria have moved 206.53 trillion cubic feet, the Department of Petroleum Resources (DPR) said yesterday in Abuja. Speaking at the Nigeria International Petroleum Summit, Director of DPR, Auwalu Sarki disclosed that indigenous oil and gas companies are now contributing as much as 33 per cent to the nation’s crude oil reserves […]

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Nigeria’s Strides Energy and Partner T.D. Williamson Perform First SmartPlug® Isolation in Offshore Nigeria

T.D. Williamson (TDW), the global solutions provider, completed its first SmartPlug® isolation in offshore Nigeria, working for a major operator through its local partner, Strides Energy & Maritime Ltd. (Strides). Isolating the 267-km (165-mi) natural gas pipeline enabled the safe change-out and leak testing of platform valves without depressurizing the system. This was the latest […]

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Nigeria Round off Marginal Field Bid Round, Present Letters to Successful Winners

The Department of Petroleum Resources (DPR) has concluded the 2020 marginal oilfield bid round, the first successful bid since 2003 when 24 assets were put on offer. The process, which culminated in the presentation of letters to the bid winners in Abuja by the industry regulator, started in June last year, with 57 marginal fields […]

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Nigeria Indigenous Companies-Shafa, A.A. RANO, Matrix, Others Get Marginal Oil Field Licence

Nigeria Indigenous oil firms, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration were among oil companies awarded marginal oil field licence by the Department of Petroleum Resources, DPR, on Monday. The award came a year after 2020 marginal field bid round began with 591 companies applying to win 57 oil fields on offer. The […]

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San Leon Energy gives update on investment in Oza Field, Nigeria

San Leon, the independent oil and gas production, development and Exploration Company focused on Nigeria, notes the announcement made by Decklar Resources Inc:  Decklar Resources Inc. announced an update to operations at the Oza-1 well re-entry at the Oza Oil Field in Nigeria through the Company’s wholly-owned Nigeria-based subsidiary, Decklar Petroleum Limited.  Oza-1 Re-entry Decklar continues […]

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Nigeria Targets 2million Domestic Crude Refinery, Expects First Oil from New Marginal Fields By 2022

The Nigeria Federal Government has said it is expecting most of the marginal fields, which investors bid for in the recently concluded bid round, will achieve first oil starting from next year. The Director/Chief Executive Officer, Department of Petroleum Resources, Mr Sarki Auwalu, said this on Wednesday during a strategic engagement session in Lagos with […]

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Nigeria’s State Owned Oil Firm NNPC, IOC’S sign 20 years deep water agreement on OML 118

The Nigerian National Petroleum Corporation (NNPC) and International Oil companies partners have executed agreements to renew Oil Mining Lease (OML) 118 for another 20 years. The IOC partners include Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration. and Production Nigeria Limited (EEPNL) and Nigerian Agip Exploration (NAE) The […]

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Addax (Sinopec) set to resume Drilling Campaign as Nigeria restores Oil Permits

Addax is expected to resume a drilling campaign in its Nigeria restored oil permits soon. This recent development in its Nigeria offshore operations is to accomplish exploration commitments it promised after President Muhammadu Buhari in late April upturned a government earlier decision. Nigerian President Muhammadu Buhari reversed the nations’ oil and gas regulatory body The […]

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KBR wins UTM Offshore Contract to Support Nigeria’s First Ever FLNG

KBR announced it will be supporting the development of Nigeria’s first ever Floating Liquefied Natural Gas (FLNG) facility, enabling economic growth and sustainability of the country’s future energy supplies. The award, by UTM Offshore Limited, builds on over 40 years of KBR’s continuous LNG experience and depth of FLNG capabilities. Acting as Owner’s Engineers, KBR […]

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