Bharatbook.com is proud to announce the new report “Oil & Gas Report Nigeria” (http://www.bharatbook.com/
Independent 5-year oil and gas industry forecasts for Nigeria.
Original oil and gas market research and oil and gas sector trend analysis for Nigeria’s oil and gas industry.
Competitive intelligence, Nigerian oil and gas company rankings and SWOT analyses on international and domestic oil and gas companies in Nigeria.
The Nigeria Oil & Gas Report has been researched at source in 2007, and features latest available data and forecasts for Nigeria to end-2011 covering headline indicators for oil & gas, LNG, coal and power; company rankings and competitive landscapes covering oil & gas exploration and production in Nigeria, refining, oil & gas distribution and fuels retailing; and analysis of latest industry developments, trends and regulatory issues within Nigeria.
Nigeria Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Nigerian oil and gas industry.
Key Benefits of Report
Benchmark It’s Independent 5-Year Oil & Gas Industry Forecast for Nigeria to test consensus views - a key input for successful budgeting and strategic business planning in the Nigerian oil and gas market.
Target Business Opportunities & Risks in the Nigerian Oil & Gas Sector through reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Nigeria.
Exploit The Latest Competitive Nigerian Oil & Gas Intelligence & Company SWOTS on your competitors and peers through company rankings by sales, market share and ownership structure - includes multi national and national companies in Nigeria.
Coverage
Executive Summary
Summary of It’s key forecasts and industry analysis, covering oil and gas reserves, supply, demand, refining, coal and power, and primary energy, plus analysis of landmark company developments and key changes in the regulatory environment.
Regional Overview
Regional perspective on size and value of industry sector; comparative rankings by production, refining, imports and exports; overview of industry landscape and key players; assessment of business operating environment and latest regulatory developments.
Business Environment Rankings
A unique comparative study undertaken by It on the relative business climates across all regional markets covered. A rankings table highlights the merits of each market from an investor angle, giving scores for indicators such as Oil & Gas Supply and Demand Growth, Oil & Gas Reserves, Licensing Framework and the local Competitive Environment, as well as Economic and Political Risk.
Oil Market Outlook
It analyses and forecasts oil prices out to 2011, monitoring supply and demand in terms of oil production and consumption across the region.
It 5-Year Industry Forecast
Historic data series and 5-year forecasts to end-2011 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:
Oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (000 b/d)
Oil exports (000 b/d), value of oil exports (US$mn - It base case) - Oil price (US$/bbl, OPEC basket)
Value of oil exports at constant US$30/bbl and constant US$60/bbl (US$mn)
Proven gas reserves (tcm), production and consumption (bcm)
Gas exports/(imports)
Value of gas exports/(imports)
Value of petroleum exports (US$mn); value of petroleum exports at constant US$30/bbl and US$60/bbl (US$mn)
It 5-Year Macroeconomic Forecast
It forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.
Competitive Landscape & Rankings
Comparative company analyses and rankings by US$ sales, % share of total sales, number of employees, year established, market cap/NAV, ownership structure, oil production (‘000 b/d) and % market share, downstream capacity (‘000 b/d) and % market share.
Company Profiles & SWOTS
Company profiles, including SWOT analyses, senior executives and full contact details, business activity, products and services, foreign direct investments and projects.
Executive Summary
The Sector At A Glance
Key Insights On The Oil & Gas Sector Of Nigeria
The latest Nigeria Oil & Gas Report from It forecasts that the country will account for 3.33% of MEA regional oil demand by 2010, while providing 7.47% of supply. MEA regional oil demand rose to 10.7mn b/d last year and should average 10.9mn b/d in 2006, before reaching 12.2mn b/d by 2010. MEA gas consumption in 2005 was 343bcm, with demand of 533bcm targeted for 2010. Production last year of 448bcm should reach 774bcm by the end of the decade. Nigeria’s share of consumption in 2005 was 2.62%, while its contribution to production was 4.91%. By 2010, its share of demand is forecast to be 2.44%, with the country accounting for 5.81% of supply.
Assuming an uneventful Q4, we are now predicting an OPEC basket price for 2006 averaging US$61.10/bbl – an increase of US$1.10 from our June forecast. This also represents a 19% rise from the FY05 average. Our forecasts for the US, Brent and Urals are US$66.40, US$65.40 and US$61.60/bbl respectively. For 2007, we continue to assume an OPEC basket price of US$50/bbl, which implies US$55.40 for the US, US$53.40 for Brent and US$49.50 for Urals. Prices are then forecast to fall by around US$5/bbl in 2008-2010, with the OPEC price averaging US$45/bbl over the period.
Nigerian real GDP growth is now forecast by It at 4.2% for 2006, following 7.0% in 2005. We are assuming 7.5% growth in 2007 and 4.2% in 2008, followed by 4.1% in 2009 and 2010. We expect oil demand to rise from 337,000b/d last year to 406,000b/d in 2010, representing 3-4% annual growth that broadly matches our underlying economic assumptions. State-owned NNPC accounts for more than 50% of oil production and over 40% of gas supply, but has a large number of IOC partners contributing to a forecast rise in oil production from 2.58mn b/d last year to 2.90mn b/d by 2010 – subject to rebel attacks on infrastructure and OPEC quota policy. Gas production should reach 45bcm by 2010, up from 21.8bcm last year. Consumption is expected to rise from 9bcm to 13bcm by the end of the forecast period, allowing exports of 32bcm.
In the It Business Environment Ranking matrix, Nigeria this quarter receives a slightly higher composite score of 24, which now ranks the country outright 15th out of 16 states included in the MEA region, ahead of Saudi Arabia. The overall business environment can be considered highly unattractive in a regional context, thanks largely to a very high level of perceived economic and political risk. These factors undermine substantial resources and significant oil/gas growth potential, plus a moderate production sharing/licensing regime and competitive framework.
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