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Nigeria's Key Energy Statistics world rank
total energy production
quadrillion Btu
total energy consumption
quadrillion Btu
liquids production
thousand barrels per day
crude oil including lease condensate exports
thousand barrels per day
vented and flared natural gas production
billion cubic feet
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Map of Nigeria
Map of Nigeria

Analysis - Energy Sector Highlights Last updated: May 6, 2016

  • Nigeria is currently the largest oil producer in Africa and was the world's fourth-largest exporter of LNG in 2015. Nigeria's oil production is hampered by instability and supply disruptions, while its natural gas sector is restricted by the lack of infrastructure to commercialize natural gas that is currently flared (burned off).
  • The Petroleum Industry Bill (PIB), which was initially proposed in 2008, is expected to change the organizational structure and fiscal terms governing the oil and natural gas industry if it becomes law. International oil companies are concerned that proposed changes to fiscal terms may make some projects commercially unviable, particularly deepwater projects that involve greater capital spending.
  • Nigeria has the second-largest amount of proved crude oil reserves in Africa, but exploration activity has slowed. Rising security problems, coupled with regulatory uncertainty, have contributed to decreased exploration.
  • Crude oil production in Nigeria peaked at 2.44 million b/d in 2005, but it began to decline significantly as violence from militant groups surged, forcing many companies to withdraw staff and shut-in production. Oil production recovered somewhat after 2009 but still remains lower than its peak level because of ongoing supply disruptions.
  • Instability in the Niger Delta has resulted in significant amounts of shut-in production at onshore and shallow offshore fields, forcing companies to frequently declare force majeure on oil shipments.

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