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Main article: Nigeria
History
2023
Shell leaves Niger Delta last of Western companies
Nigeria's oil production is entering a new , obscure era after Shell's sale of its onshore assets.
The Niger Delta suffers from oil theft, pollution, vandalism. Shell is the last Western company to leave Delta. Local companies are stepping up and investing more.
Oil production dynamics in Nigeria. Schedule
2022: Production fell to 980 thousand barrels per day - at least from 1985 g
Nigeria's oil production in August 2022 fell to 980 thousand barrels per day, a low seen in July 1985.
The prospects for a recovery in production are disappointing, according to a report by the International Energy Agency.
2021: Africa's biggest oil production
2019: Nigeria - EU oil and gas supplier
2012: Record oil production - 2.7 million bpd
At the beginning of August 2012, oil production in Nigeria reached the highest level in history - 2.7 million barrels per day. This was reported by AFP, citing data from the state oil company NNPC. In recent months, production volumes have fluctuated in the range of 2-2.4 million barrels per day. For comparison, the world market leaders - Russia and Saudi Arabia produce more than 10 million barrels.
In 2010-2012, Nigeria showed a trend towards an increase in oil production. This is largely due to the fact that in 2009 the government decided to grant amnesty to militants from the Niger Delta. The move led to a sharp drop in the intensity of unrest and fighting, which helped oil companies increase production[1].
In addition, in 2012, the French corporation Total began production at the Usan offshore field, which immediately began to produce 180 thousand barrels per day.
However, production growth is complicated by a lack of investment in development, which has recently been very small. This is largely due to the prospects of revising the working conditions of the entire oil industry, which the government has been thinking about for several years.
At the same time, the increase in production is hindered by oil theft, which is still happening on a large scale. Thus, Shell conducted a study in the spring, according to the results of which it found out that the country was losing 150 thousand barrels per day due to thefts.
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Notes
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