

Olusegun Ogunwumi, COO of Gasco Marine (GML), talks to The Energy Year about the company’s virtual pipeline system and its plans for expansion and diversification.…
READ MOREOil reserves37 billion barrels
Oil production2.11 million bopd
Gas reserves5.4 tcm
Gas production49.3 bcm
Nigeria’s oil and gas industry accounts for 10% of the country’s GDP, which is the largest in Africa, worth USD 402 billion. Despite petroleum’s modest contribution to the country’s GDP, it represents 86% of export income and 50% of government revenue. Oil remains the backbone of the nation’s economy.
The government aims to increase crude reserves to 40 billion barrels, as well as to achieve a daily national production of 3 million bopd. Together with this push to increase oil production, the Ministry of Petroleum Resources, together with NNPC, has deepened its commitment to focus on Nigeria’s vast gas resources.
The year 2020 was crowned Nigeria’s “Year of Gas.” IOCs and local E&P firms have undertaken the exploitation of non-associated gasfields to maximise abundant gas reserves. Nigeria is a gas haven within Africa of immense untapped potential.
The continuation and strengthening of the country’s local content policies, led by the NCDMB, in addition to the strategic downstream development Nigeria is starting to witness, all play a major role in TOGY’s coverage of this exciting market.
Wissam Al Monthiry, managing director of Tullow Oil Ghana, talks to The Energy Year about the factors creating a positive…
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READ MOREBen Asante, CEO of the Ghana National Gas Company (Ghana Gas), talks to The Energy Year about how Ghana can leverage its natural…
READ MOREHelen Brume, group head for oil and gas at Union Bank of Nigeria, talks to The Energy Year about the ups and downs the…
READ MORETaofik Adegbite, CEO of Marine Platforms, talks to The Energy Year about the company’s edge in providing ROV services and…
READ MORETo accompany the release of The Energy Year Nigeria 2021 we are offering our Nigeria Power Infrastructure 2021 map for free.…
READ MOREOlusegun Ogunwumi, COO of Gasco Marine (GML), talks to The Energy Year about the company’s virtual pipeline system and its plans for expansion and diversification.…
READ MOREKing Taylor, president of Blueprint Engineering, talks to The Energy Year about challenges Ghana faces in transitioning from oil to gas and how the country can better…
READ MOREOsam Iyahen, director of natural resources investments for the Africa Finance Corporation (AFC), talks to The Energy Year about how African nations can best approach…
READ MORECollins Opara, CEO of Vegasirius, talks to The Energy Year about strategies the company has adopted to make itself a space in Nigeria’s lubricants sector and…
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