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.
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.
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 Nigerian oil & gas market had total revenues of $4.7bn in 2016, representing a compound annual rate of change (CARC) of -18.8% between 2012 and 2016.
Market consumption volume increased with a compound annual growth rate (CAGR) of 4.7% between 2012 and 2016, to reach a total of 0.2 billion BOE in 2016.
With crude oil prices expected to recover somewhat in the coming years and volume demand remaining more or less the same, the value of the Nigerian market should certainly see strong growth in the coming years. Nevertheless one should remain cautious about growth in the Nigerian market taking into account the rebel group ‘Niger Delta Avengers’ who have been responsible for a series of attacks on Nigeria’s oil and gas pipeline networks in 2016 and 2017. If the security situation worsens in the coming years, which is a possibility, then the Nigerian oil and gas market could potentially suffer low or even negative growth.
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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?