Reports
Reports
Sale
In the Nigeria oil and gas market, the market for gas attained a volume of 1.37 MMT in 2022 and is expected to grow at a CAGR of 5.30% between 2023 and 2028, to reach 1.85 MMT in 2028. Meanwhile, the Nigeria oil market attained a volume of 441 thousand barrels per day and is expected to grow at a CAGR of 3.60% between 2023 and 2028, to reach 542 thousand barrels per day in 2028.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Oil and gas refer to the mining and refining of crude oil and natural gas, converting them into useable petroleum products. The production of oil and gas is a multi-stage process which includes discovering, transporting, and turning them into finished products which are then sold to various sectors. Oil and gas are formed natural from organic materials that have accumulated, broken down, and transformed over a period of millions of years.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on sector, the Nigeria oil and gas market is segmented into upstream, midstream, and, downstream.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Nigeria oil and gas market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
The downstream segment, based on sector, is on its way towards reaching its full potential, accounting for a significant share of the oil and gas market in Nigeria. This can be attributed to the increasing investments towards petroleum product refining, marketing, storing, and distributing to maximise the reach of the downstream products. However, inappropriate product pricing, irregular gas supply, and non-functional refineries, are some of the factors which may negatively influence the Nigeria oil and gas market price. Oil and gas are crucial for the production various downstream components such as kerosene, heating oil, lubricant, LPG, and wax, among others, which are gaining traction in the commercial and residential Nigerian markets.
Meanwhile, the upstream segment is expected to occupy a healthy portion of the Nigeria Oil and Gas market share in the forecast period. Upstream production of oil and gas is necessary for providing raw materials to the downstream sector to bolster the supply chain and enhance production capacities across refineries.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Exxon Mobil Corporation is a leading natural gas company which caters to the energy demands of various sectors across the world. This company discovers, produces, and sells crude oil, natural gas, petroleum products, and various oil and gas-related resources. It was founded in the year 1999 and is headquartered in Texas, United States.
Total Energies SE is a petroleum company which explores and produces oil and gas, renewable energies, bioenergies, electricity, refining and petrochemicals, specialty chemicals, and trading and shipping services, among others. The company was established in the year 1924 and is currently headquartered in Courbevoie, France.
Nigerian National Petroleum Corporation is a for profit oil company based in Abuja, Nigeria. The company was founded in the year 1977 and currently is one of the largest oil producers and suppliers in Africa. The services offered by the company include upstream and downstream oil and gas products, gas and power, new energy, and non-energy services, among others.
Other market players include Shell PLC, and Chevron Corporation, among others.
REPORT FEATURES | DETAILS |
---|---|
Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Sector |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Nigeria
7 Opportunities and Challenges in the Market
8 Nigeria Oil and Gas Market Analysis
8.1 Key Industry Highlights
8.2 Nigeria Oil and Gas Historical Market (2018-2022)
8.3 Nigeria Oil and Gas Market Forecast (2023-2028)
8.4 Nigeria Oil and Gas Market by Sector
8.4.1 Upstream
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Midstream
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Downstream
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Competitive Landscape
10.1 Market Structure
10.2 Company Profiles
10.2.1 Exxon Mobil Corporation
10.2.1.1 Company Overview
10.2.1.2 Product Portfolio
10.2.1.3 Demographic Reach and Achievements
10.2.1.4 Certifications
10.2.2 Total Energies SE
10.2.2.1 Company Overview
10.2.2.2 Product Portfolio
10.2.2.3 Demographic Reach and Achievements
10.2.2.4 Certifications
10.2.3 Nigerian National Petroleum Corporation
10.2.3.1 Company Overview
10.2.3.2 Product Portfolio
10.2.3.3 Demographic Reach and Achievements
10.2.3.4 Certifications
10.2.4 Shell PLC
10.2.4.1 Company Overview
10.2.4.2 Product Portfolio
10.2.4.3 Demographic Reach and Achievements
10.2.4.4 Certifications
10.2.5 Chevron Corporation
10.2.5.1 Company Overview
10.2.5.2 Product Portfolio
10.2.5.3 Demographic Reach and Achievements
10.2.5.4 Certifications
10.2.6 Others
11 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Nigeria Oil and Gas Market: Key Industry Highlights, 2018 and 2028
2. Nigeria Oil and Gas Historical Market: Breakup by Sector (USD Billion), 2018-2022
3. Nigeria Oil and Gas Market Forecast: Breakup by Sector (USD Billion), 2023-2028
4. Nigeria Oil and Gas Market Structure
The market reached a volume of 1.37 MMT in 2022.
The market is estimated to grow at a CAGR of 5.30% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a volume of 1.85 MMT in 2028.
The market reached a volume of 441 thousand barrels per day in 2022.
The market is estimated to grow at a CAGR of 3.60% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a volume of 542 thousand barrels per day in 2028.
The increasing applications of oil and gas in the gas flaring processes across the country, rising demand for downstream oil and gas products, and increasing investments towards increasing natural gas production, are the major drivers of the market.
The key trends in the market include the increasing penetration of foreign players in the downstream sector, favourable gas flaring commercialisation programmes, and growing expansion of petroleum refineries.
Upstream, midstream, and, downstream are the different sectors of the oil and gas market.
Nigeria’s oil and gas reserves are estimated to be more than 200 times than its annual consumption.
Exxon Mobil Corporation, Total Energies SE, Nigerian National Petroleum Corporation, Shell PLC, and Chevron Corporation, among others, are the key players in the Nigeria oil and gas market, according to the report.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.