Oil & Gas in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in Nigeria
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Nigeria
Leading company profiles reveal details of key oil & gas market players' global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria oil & gas market with five year forecasts by both value and volume
Essential resource for top-line data and analysis covering the Nigeria oil & gas market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
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What was the size of the Nigeria oil & gas market by value in 2016?
What will be the size of the Nigeria oil & gas market in 2021?
What factors are affecting the strength of competition in the Nigeria oil & gas market?
How has the market performed over the last five years?
What are the main segments that make up Nigeria's oil & gas market?
The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country. The value of the oil segment is the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the hub price of crude oil. The value of the gas segment is the total volume of dry natural gas consumed multiplied by the price of natural gas (Henry Hub spot price). The values represent the total revenues available to exploration and production companies from sales of crude oil and natural gas. Any currency conversions used in this report have been calculated using constant 2015 annual average exchange rates.
The Nigerian oil & gas market is expected to generate total revenues of $3.0bn in 2016, representing a compound annual growth rate (CAGR) of 16.2% between 2012 and 2016.
Market consumption volume is forecast to increase with a CAGR of 14.1% between 2012 and 2016, to reach a total of 150.8 million boe in 2016.
Nigeria is the leading African oil producer, and possesses the largest natural gas reserves in the region. However, the vast majority of oil produced is exported, generating around 95% of the country's export earnings.
Market value forecast
Market volume forecast
Market value forecast
Market volume forecast
Five Forces Analysis
Threat of substitutes
Degree of rivalry
Exxon Mobil Corporation
Nigerian National Petroleum Corporation
Royal Dutch Shell plc
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Figure 1: Nigeria oil & gas market value: $ billion, 2012-16(e)
Figure 2: Nigeria oil & gas market volume: million boe, 2012-16(e)
Figure 3: Nigeria oil & gas market category segmentation: % share, by value, 2016(e)
Figure 4: Nigeria oil & gas market geography segmentation: % share, by value, 2016(e)
Figure 5: Nigeria oil & gas market value forecast: $ billion, 2016-21
Figure 6: Nigeria oil & gas market volume forecast: million boe, 2016-21
Figure 7: Forces driving competition in the oil & gas market in Nigeria, 2016
Figure 8: Drivers of buyer power in the oil & gas market in Nigeria, 2016
Figure 9: Drivers of supplier power in the oil & gas market in Nigeria, 2016
Figure 10: Factors influencing the likelihood of new entrants in the oil & gas market in Nigeria, 2016
Figure 11: Factors influencing the threat of substitutes in the oil & gas market in Nigeria, 2016
Figure 12: Drivers of degree of rivalry in the oil & gas market in Nigeria, 2016
Figure 13: Chevron Corporation: revenues & profitability
Figure 14: Chevron Corporation: assets & liabilities
Figure 15: Exxon Mobil Corporation: revenues & profitability
Figure 16: Exxon Mobil Corporation: assets & liabilities
Figure 17: Royal Dutch Shell plc: revenues & profitability
Figure 18: Royal Dutch Shell plc: assets & liabilities
Table 1: Nigeria oil & gas market value: $ billion, 2012-16(e)
Table 2: Nigeria oil & gas market volume: million boe, 2012-16(e)
Table 3: Nigeria oil & gas market category segmentation: $ billion, 2016(e)
Table 4: Nigeria oil & gas market geography segmentation: $ billion, 2016(e)
Table 5: Nigeria oil & gas market value forecast: $ billion, 2016-21
Table 6: Nigeria oil & gas market volume forecast: million boe, 2016-21
Table 7: Chevron Corporation: key facts
Table 8: Chevron Corporation: key financials ($)
Table 9: Chevron Corporation: key financial ratios
Table 10: Exxon Mobil Corporation: key facts
Table 11: Exxon Mobil Corporation: key financials ($)
Table 12: Exxon Mobil Corporation: key financial ratios
Table 13: Nigerian National Petroleum Corporation: key facts
Table 14: Royal Dutch Shell plc: key facts
Table 15: Royal Dutch Shell plc: key financials ($)
Table 16: Royal Dutch Shell plc: key financial ratios
Table 17: Nigeria size of population (million), 2012-16
Table 18: Nigeria gdp (constant 2005 prices, $ billion), 2012-16
Table 19: Nigeria gdp (current prices, $ billion), 2012-16
Table 20: Nigeria inflation, 2012-16
Table 21: Nigeria consumer price index (absolute), 2012-16
Table 22: Nigeria exchange rate, 2012-16
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Chevron Corporation, Exxon Mobil Corporation, Nigerian National Petroleum Corporation, Royal Dutch Shell plc
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