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Ministry of Petroleum Resources
1. 0
Moving the Oil and Gas Sector to
the Next Level
Presentation by Diezani Alison-Madueke (Mrs.) CON
Honourable Minister, Ministry of Petroleum Resources
Abuja
18 June, 2013
2013 Ministerial Mid-term press briefing
2. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Over the Past 2 years, we have Delivered on Mr. President’s Transformation
Agenda in Key Strategic Growth Areas
1
Governance
culture
Infrastructure
and Human
Capital
Monitoring and
Evaluation
President’s Transformation Agenda
Building sustainable industries with
indigenous equal opportunities
Delivering quality products to Nigerians
FederalMinistryofPetroleumStrategicgrowthareas
Key accomplishments 2010 - 2013
Creating oil and gas institutions of the future
Downstream
Ensured stable supply of petroleum
products
Effective and efficient administration of
subsidies
Increased domestic refining
Local capacity and job creation
Indigenous, local investment in
infrastructure
Upgraded training facilities
Increased regulatory and compliance
around the employment
Gas commercialisation / Infrastructure
Repair and upgrade of Midstream oil
facilities
Upstream
Increased exploration
Sustained crude oil production
Increased upstream domestic gas supply
Midstream
3. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Increase Reserves and Production
Increased Frontier Exploration
2
4. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Increase Reserves and Production
Upgrade of Data Processing Centre (DPC)
Before DPC Upgrade
3
After DPC Upgrade
5. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Grow NPDC Operated Production
Growth in NPDC Reserves Due to Asset Transfer
4
176
Oil reserves (mm bbl) Gas reserves (bscf)
Profile
(Reserves)
1- Excludes 61 mmbbl of condensate
2- 30% risk provision has been subtracted from the expected reserves of 1600 mm bbl of oil and 6900 bscf of gas
632
431443429
2011
1,723
6031
1,1202
1009082007
2,778
2,785
1,8371,8371,809
2011
7,608
2007
4,8302
100908
New assets
6. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Increase Reserves and Production
Sustaining Production Amidst Vandalism and Crude Theft
5
1.70
1.80
1.90
2.00
2.10
2.20
2.30
2.40
2.50
2.60
2.70
Nigeria's Crude Oil Production 2007 – April, 2013 (Bbl/d)
7. Federal Ministry of
Petroleum Resources
6
President Goodluck E. Jonathan and Petroleum Minister onboard the USAN FPSO
for Project Commissioning.
Top Management of TOTAL and some Government Officials onboard USAN FPSO during
the Project Commissioning.
USAN FPSO
Moving the Oil and Gas Sector to the Next Level
Commissioning of USAN FPSO
8. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Grow NPDC Operated Production
SPDC Divestment and Transfer of Government Equity to NPDC
▪ Divestment in the upstream by
SPDC/Total/Agip creating an opportunity for
participation by the Nigerian upstream
players
▪ SPDC/Total/Agip divested 8 blocks:
– OMLs 4,38 & 41 – Seplat
– OML 26 – First Hydrocarbon
– OML 30 – Heritage
– OML 34 – Niger Delta
– OML 40 – Elcrest
– OML 42 – Neconde
• NPDC, NNPC’s wholly owned subsidiary,
was assigned all of NNPC’s equity in the
SPDC divested JV blocks.
Terrain Concession
NPDC
interest
(%)
Status
Operating
party
OML 64 100
Non
producing
NPDC/SIPEC
hore
Swamp OML 66 100
Non
producing
NPDC/SIPEC
OML 111 100 Producing NPDC
Land OML65 100 Producing NPDC
OML s 4/38/41 55 Producing
NPDC/
SEPLAT
OML s
26/30/34/40/42
55 Producing NPDC
tinental Shelf OML 119 100 Producing NPDC
Deepwater
OPL 244 10 Exploration Agip
OPL 242 50 Exploration Nil
OPL 214 15 Exploration ExxonMobil
OPL 223 10 Exploration Elf
OPL 251 15
New
Interest
Ashbert/NPDC
OPL 325 20
New
Ashbert/NPDC
NPDC owned/operated acreage
NPDC involved PSC acreage
Recently Assigned acreage
Acreage with NPDC Operated NNPC JV fields
Profile
(Assets & Resources)
9. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Grow NPDC Operated Production
NPDC Growth and Optimisation Plan Prior to Asset Transfer
8
NPDC growth scenario to 250,000 bpd by 2015
0
50
100
150
200
250
161
201520142013201220112010
Growth scenario
1599
2011
1634
2010
1661
2016
1517
2015
1601
2014
1665
2013
1671
2012
OML 119
OML 111
OML 65
OML 64/66
New fields
Hydrocarbon Production
kbpd
Reserves
(P1 + P2) Mmboe
Infill (Development drilling)
OML 65 base production
Exploratory drilling
Gas monetisation
OML 111 base productionField optimisation
OML 64/66 wells
New fields
OML 119 base production
10. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Grow NPDC Operated Production
NPDC Growth and Optimisation Plan Post Asset Transfers
9
183
Growth & Optimisation
(Oil&Gas production – forecast per source of growth)
▪ The largest
contributor
to NPDC
production
growth will
be the
taking over
of OMLs 26,
30, 34, 40
and 42
191 257 334 340 321 291 265 242 221 202 186
Year
Average1
350
300
250
200
150
100
50
0
345
315
233
91
Base production
Well interventions
New development wells
Gas monetization (excluding new assets)
New assets
201520142013 202120202017 20192016 201812.2011 2012
1 Excluding potential projects beyond 2014
Kboepd
Year average1
11. Federal Ministry of
Petroleum Resources
10
12
37
131213
84
3937
3443
39
3333
31
30
23
20
151619
2828
33
20%
100%
80%
60%
40%
0%
2012201111009082007
Domestic power and industry
Exported
Upstream Use
Flared
Share of total gas production
Upstream use
Export
Flaring
Power
Industry & other
Gas produced
Reaching
Nigerian
users
(less than
1,000 mmscfd)
Not
reaching
Nigerian
users
Share of gas
produced, average
2007-2011YTD
xx
Mmscfd,
percent
Gas production, mmscfd
6,600 6,250 5,050 6,850 7,850 7,911
Total gas produced,
mmcsfd
~90%
~10%
25%
27%
40%
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Increase Domestic Utilisation of Gas
Upstream Gas Supply: Historical gas usage in Nigeria
7,911
12. Federal Ministry of
Petroleum Resources
11
Gas supply almost doubled between 2010 and
2013. Power sector most dominant consumer
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Increase Domestic Utilisation of Gas
Unprecedented Growth in Gas Supply
14. Federal Ministry of
Petroleum Resources
13
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Link Gas to the Wider Economy
Midstream: Gas Agenda
GAS TO POWER
“… we would have positioned Nigeria
firmly as the undisputed regional hub for
gas-based industries such as fertilizer,
petrochemicals and methanol.”
GAS BASED INDUSTRIALISATION HIGH VALUE EXPORT
STRATEGIC THEMES NATURAL GAS
• Consolidate Nigeria’s
position and market share in
high value export markets
• Create regional hub for gas-
based industries – fertilizer,
petrochemical and methanol
• Transform gas sector to
value adding sector
• Deliver gas for at least
threefold increase in
generation capacity by 2015
LNG
Regional
Pipelines
Recognizing the potential for tremendous economic growth inherent in the nation’s vast natural gas
resources, His Excellency, President Goodluck Jonathan, outlined a 3 point mandate for natural gas
comprising
• Boost in gas supply to the Power sector
• Stimulation of gas based industrialization around Fertilizer, Petrochemicals, Methanol etc.,
effectively leveraging gas as feedstock for key industries, thus creating jobs and
• Selective investment in high value regional pipeline and LNG export opportunities to boost
revenues from gas sales
15. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Link Gas to the Wider Economy
Midstream Gas: Emergency Gas Supply Initiative
14
Early Production Facility in OREDO
16. Federal Ministry of
Petroleum Resources
Gas Supply to Power Plants (2013-15)
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Link Gas to the Wider Economy
Midstream Gas: Increased Power Supply
17. Federal Ministry of
Petroleum Resources
Gas to Power (Longer Term View)
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Link Gas to the Wider Economy
Midstream Gas: Increased Power Supply
18. Federal Ministry of
Petroleum Resources
17
Oben- Geregu
Pipeline
Expansion of
Escravos – Oben
Pipeline
Itoki - Olorunshogo
Permanent Gas
Pipeline
Imo River – Alaoji
Pipeline
Ob/Ob – Oben (Ob3)
Pipeline
Planned gas supply
availability
Calabar-Ajaokuta &
Ajaokuta - Kano
Pipeline Systems
Expansion of Oben -
Lagos Pipeline
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Link Gas to the Wider Economy
Midstream Gas: Aggressive Gas Pipeline Expansion
19. Federal Ministry of
Petroleum Resources
18
Stringed Pipeline at OlorunshogoPipe loading
Mainline welding activities
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Link Gas to the Wider Economy
Midstream Gas: Construction of the Oben-Lagos Pipeline
20. Federal Ministry of
Petroleum Resources
19
Domestic Gas Pricing now
reviewed towards export parity,
creating investor confidence in supply
development
Domestic gas pricing now significantly more attractive to investors!
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Link Gas to the Wider Economy
Midstream Gas: Commercial Framework Policy review
21. Federal Ministry of
Petroleum Resources
203D Imagery of Proposed Gas Industrial City
- Fertilizer, Petrochemicals, Methanol, Power, Gas Processing, Housing
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Link Gas to the Wider Economy
Midstream Gas: Geotechnical Surveys at Ogidigben Industrial City
22. Federal Ministry of
Petroleum Resources
21
CPTU Location
Site Activities ongoing - soil testing, geotechnical and related surveys
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Link Gas to the Wider Economy
Midstream Gas: Geotechnical Surveys at Ogidigben Industrial City
23. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Link Gas to the Wider Economy
Midstream Gas: Gas Supply to Non-Power Sector
22
1
Growth in Non Power Sector Demand
- Cement and Manufacturing Industries
• Dangote Obajana
Cement
• Dangote Ibese
Cement
• Lafarge Ewekoro
• Lafarge Sagamu
• Indorama
• Notore
• Omowood
• Mix & Bake
• Purechem
• Green Gas
• Ringardas
• Abeokuta Customers
• Wempco
• WA Ceramic
24. Federal Ministry of
Petroleum Resources
23
Over 2000 taxis now run on natural gas in Benin city. 6 Filling stations owned by NNPC/NIPCO JV
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Link Gas to the Wider Economy
Midstream Gas: Compressed Gas Use in Gas
25. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Midstream Oil (Refineries)
24
26. Federal Ministry of
Petroleum Resources
25
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining In-country Product Supply
Midstream Oil Infrastructure
27. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining In-country Product Supply
Refinery Rehabilitation Program
26
Strategic objective of the TAM is to drive up average utilization of refineries to 90%, thus creating domestic self
sufficiency in HHK and AGO, whilst significantly reducing imports of PMS
28. Federal Ministry of
Petroleum Resources
Removal of the external wall of the vapourising bank The external wall tube panels being removed
27
Installed frontal wall tubes Dye check of the open pass welded flats
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining In-country Product Supply
PHRC Early Works: Overhaul/Re-tubing of B03 has been Completed. B02 is
about to Commence
29. Federal Ministry of
Petroleum Resources
Completely boxed up 12E01A
The cone of Combined feed exchanger, 12E01A being
dropped after decoupling
28
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining In-country Product Supply
PHRC Early Works: 12E01A (Combined Feed Exchanger) Hydrotest Completed and
in Service
Preparation for hydrotest on 12E01A/B
30. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining In-country Product Supply
Rehabilitation of Crude Tank in PHRC
29
Jack-up for civil and mechanical works in Feb 2013 Mech works finished, and painting ongoing as at June 6, 2013
Rehabilitation of crude tank 50TK01A is ongoing
Early works Strategy preparatory for Refineries Rehab activities
31. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Midstream Oil (Pipelines & Products
Marketing Company)
30
32. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining Product Supply through Facility
Upgrade
31
THE GOVERNOR OF ABIA STATE (MIDDLE) CUT THE TAPE AS HE RECOMMISSION
THE ABA DEPOT, WHILE THE MD PPMC, GMD NNPC AND SENATE COMMITTEE
MEMBER WATCH WITH INTEREST
33. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining Product Supply through Facility
Upgrade
32
THE HMPR, MRS. DIEZANI ALISON-MADUEKE BEING ASSISTED FROM FROM LEFT THE GOVERNOR OF
EDO STATE, MD PPMC, GED E&P AND GMD NNPC WHILE RE-COMMISSIONING THE BENIN DEPOT
34. Federal Ministry of
Petroleum Resources
33
Damaged Okrika Jetty before re-construction
New Okrika Jetty after re-design and construction
Moving the Oil and Gas Sector to the Next Level
Rehabilitation Works at Okrika Jetty
35. Federal Ministry of
Petroleum Resources
34
Moving the Oil and Gas Sector to the Next Level
Re-commissioning of Okrika Jetty
36. Federal Ministry of
Petroleum Resources
35
Moving the Oil and Gas Sector to the Next Level
Emergency Reconstruction of Atas Cove- Mosimi pipeline Using HDD
EMERGENCY RE-CONSTRUCT OF ATLAS COVE - MOSIMI PIPELINE SECTION AT AREPO & IJEODODO SWAMPS USING
HORIZONTAL DIRECTIONAL DRILLING (HDD)
SITE PROGRESS PICTURE
37. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining Product Supply through Facility
Upgrade
36
NEW LOADING FACILITIES AT THE BENIN DEPOT
38. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining Product Supply through Facility
Upgrade
37
EXPANSION OF CALABAR LOADING GANTRY & PUMP FACILITIES
39. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining Product Supply through Facility
Upgrade
38
EXPANSION OF CALABAR LOADING GANTRY & PUMP FACILITIES
40. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining Product Supply through Facility
Upgrade
39
ATLAS COVE CALM BUOY CHANGE-OUT
41. Federal Ministry of
Petroleum Resources
40
2010
31,238
56,536
64,457
2011 2012
921
2,296
2,668
-
500
1,000
1,500
2,000
2,500
3,000
2010 2011 2012
Trading Turnover ($’Million)Trading Volumes (Barrels/Day)
NNPC has also enhanced its direct participation in the international trading of crude oil
through an active involvement of its subsidiary, Duke Oil.
Duke Oil’s trading activity has grown significantly over the last 3 years.
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Grow NNPC’s Trading Operations
Bulk Trading Activities
43. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining In-country Product Supply
Retail Strategic Plan Aspirations (Deregulated Scenario)
42
Projected NNPC Retail revenue- deregulated from 2014
Naira, billions
Market
Share 12% 13% 15% 17% 19%
# of
stations
418 403 505 616 796
589
495
291
188151
+41%
+39%
20152012 2013 20142011
+42%
• Revenue Generation from NNPC downstream retail activities have grown significantly (by 39%) during the
last 3years, growing from N 151BN to N219BN
• No of retail outlets has increased from 418 to 505 thereby, increasing NNPC’s domestic market share from
12% to 15%.NNPC targets more aggressive growth (42%) in the coming years
NNPC Retail has already become the market leader and the choice brand in the
Nigerian petroleum retail business.
44. Federal Ministry of
Petroleum Resources
43
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining In-country Product Supply
Implementing NNPC Retail Growth Strategy
NNPC Retail’s Mega Station – Large Volume 24 nozzle station located in each
State Capital and FCT
45. Federal Ministry of
Petroleum Resources
44
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining In-country Product Supply
NNPC Retail Floating Stations: Reaching the Riverine Communities
NNPC FLOATING MEGA STATIONS – Providing riverine communities in the Niger Delta
easy access to quality petroleum products at approved prices.
46. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining In-country Product Supply
NNPC Branded Trucks
45
47. Federal Ministry of
Petroleum Resources
46
AN EXAMPLE OF LPG SKID FOR
FILLING OF CYLINDERS
NNPC RETAIL BRANDED LPG
CYLINDER
NNPC BRANDED LUBRICANT
CONTAINER
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Sustaining In-country Product Supply
NNPC Retail Product Diversification
50. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Increase Nigerian Participation in Oil and Gas Industry
Our efforts in local content have generated over 30,000 jobs1 and significantly deepened
the local supply chain
49
51. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Increase Nigerian Participation in Oil and Gas Industry
Facilities upgrade from 100% Local Materials
501 In Engineering, Fabrication, E&P and Marine transportation
Anchored in Nigerian local
content law
Indigenous companies are major
players in the industry (e.g., SCC
Pipe Mill in Abuja
Key infrastructure and investment
is now locally owned (e.g., Marine
vessels, land swamp and offshore
rigs)
ITUT/ABANG Platform
OKRIKA Jetty
52. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Strategic Objective: Increase Nigerian Participation in Oil and Gas Industry
Capacity Building: Federal Polytechnic of Oil and Gas Ekowe – Bayelsa State
51
54. Federal Ministry of
Petroleum Resources
53
Moving the Oil and Gas Sector to the Next Level
The Hydrocarbon Pollution Restoration Project (HYPREP) provides
for hydrocarbon polluted communities
Effort to improve
environment and
socio-economic
opportunities for
affected
communities
Embraced the
community
driven (CDD)
approach to
ensure a multiplier
effect with
replicable results
Rehabilitating
the devastation
from excessive
exploration in the
area (e.g.,
drinking water
tanks across
Oghoni land)
Alongside
HYPREP, we are
documenting oil
spill sites in 9
states in Niger
Delta
56. Federal Ministry of
Petroleum Resources
Moving the oil and gas sector to the next level
4 special taskforces have been the catalysts driving our
ability to deliver transformative change
Special task forces
55
PIB Governance and controls Petroleum revenue National Refineries
▪ Reviewed all sections
of the PIB and
harmonised existing
different versions to
produce a draft copy to
the National Assembly
▪ Reviewed management
controls within NNPC
and other parastatals to
design a new corporate
governance code for
transparency, good
governance, best
practices
▪ Verified all petroleum
upstream and
downstream revenues
payable to
government.
▪ Integrated system
and technology
across production
chain
▪ Assessed PHRC ,
WRPC, KRPC to
improve efficiency
and commercial
viability
▪ Created several tools
to track performance,
and evaluate new
refineries
57. Federal Ministry of
Petroleum Resources
Moving the oil and gas sector to the next level
The PIB will provide for a transparent regulatory framework and
commercially viable NOC to sustain a competitive oil & gas industry
56
Fulfilling the objectives of the PIB would
ensure that Nigeria builds world class
institutions of the future…
… and can sustainably deliver quality products
while serving as an example across the continent
The PIB is anchored on recreating an
industry that is open, fair and
transparent with fiscal rules of general
application and regulatory monitoring
that is consistent with international best practices.
Such a reform would make Nigeria an
attractive region for oil and gas
investment by reducing the risk premium
associated with poor governance of the oil and gas
industry. What in essence I have thus far
described, is an industry that is not static in
a global economy that is dynamic. The
industry needs to find a new dynamism, which in
my view the enactment of the PIB should herald
“
”MoPR Diezani
Allison-Madueke
▪ To enhance Exploration and production of
petroleum resources
▪ To significantly increase DomGas supplies
especially for Power and industry
▪ Create a competitive Business environment
▪ To establish a fiscal framework that is
flexible, stable and competitively attractive
▪ To create a commercially viable National Oil
company
▪ To create efficient regulatory institutions
▪ To engender Transparency and
accountability
▪ Establishment of a department in the
ministry charged with Frontier Exploration
Services
▪ To promote Nigerian Content
▪ Ensure that Nigeria builds world-class
institutions of the future …
59. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Summary of Accomplishments
58
Upstream
Midstream
Downstream
Local capacity and employment
▪ Increased exploration in the frontier basins
▪ National crude oil production peaked at 2.5mbpd
▪ An additional 180 000bpd of crude from deep-
water
▪ Transfer of SPDC fields to NPDC supporting 130
000bpd and 300 mmscfd gas
Increased upstream gas supply
▪ Deregulated downstream with a new pricing
regime backed by SURE-P
Ensured stable supply of petroleum products
Effective and efficient administration of subsidies
Increased domestic refining
Launched HYPREP to deal with hydro carbon
pollution.
▪ Stewarding enabling policy initiatives in gas
sectors.
▪ Added 3 new CPFs alongside critical gas
pipelines including ELPS, Escravos to Warri
etc. totalling 200km
▪ Established the gas aggregation company of
Nigeria (GACN) to enforce DSO
▪ Gas sales rose to ~4Bscfd as direct result of 12-
month emergency gas plan and other gas
revolution activities.
▪ Midstream Oil - Sustaining product supply through
facility upgrade
▪ Created over 30,000 jobs anchored on Nigerian
local content law
▪ Indigenous companies active in recent IOC
divestment
▪ Upgraded NigerDock fabrication and Abang and
Itut platforms from 100% local materials
▪ Established the Federal Polytechnics of Oil and
Gas in EKowe and Bonny and numerous up
grades in training facilities
60. Federal Ministry of
Petroleum Resources
Moving the oil and gas sector to the next level
Reduction in petroleum product import
59
910.22
1,053.30
715.27
422.82
0
100
200
300
400
500
600
700
800
900
1,000
1,100
Billion Naira
2012201120102009
Oil and Gas Contribution to the Federation Account (Surplus After Tax)
Oil and Gas Contribution to the Federation has grown significantly in the last 5 years
*(Jan –June)
61. Federal Ministry of
Petroleum Resources
Moving the oil and gas sector to the next level
Reduction in petroleum product import
60
62. Federal Ministry of
Petroleum Resources
Moving the Oil and Gas Sector to the Next Level
Our success in mid-stream gas is anchored in the gas-revolution
program and key infrastructure developments
61
Commissioning OREDO Gas Project