2016 oil & gas annual report - dpr.gov.ng .destination for bonny light and other nigerian crude...

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  • 1 | P a g e

    2016 OIL & GAS ANNUAL REPORT

  • 2 | P a g e

    Table of Contents

    1 REMARKS FROM DIRECTOR OF PETROLEUM RESOURCES ________________________________6

    2 REGULATORY STRUCTURE OF THE NIGERIAN OIL AND GAS INDUSTRY______________________8

    3 ADAPTATION OF NEW TECHNOLOGY IN THE OIL AND GAS INDUSTRY ______________________9

    3.1 INTRODUCTION _________________________________________________________________ 9

    3.1.1 Objective of Technology Qualification ______________________________________________________ 9

    3.1.2 Scope of Technology Qualification _________________________________________________________ 9

    3.2 TECHNOLOGY ADAPTATION PROCESS ______________________________________________ 10

    3.2.1 Overview _____________________________________________________________________________ 10

    3.2.2 Stages of Technology Qualification Process _________________________________________________ 12

    4 STATISTICAL DATA _____________________________________________________________ 15

    4.1 UPSTREAM ___________________________________________________________________ 15

    4.1.1 Concessions __________________________________________________________________________ 15

    4.1.2 Speculative Survey Data Status ___________________________________________________________ 25

    4.1.3 Marginal Fields ________________________________________________________________________ 28

    4.1.4 Reserves _____________________________________________________________________________ 29

    4.1.5 Exploration ___________________________________________________________________________ 30

    4.1.6 Rig Activities __________________________________________________________________________ 30

    4.1.7 Drilling and Well completion _____________________________________________________________ 30

    4.1.8 Production ___________________________________________________________________________ 31

    4.1.9 Nigerian Crude / Condensate Export _______________________________________________________ 38

    4.2 DOWNSTREAM ________________________________________________________________ 42

    4.2.1 Refinery Activities _____________________________________________________________________ 42

    4.2.2 Petroleum Product Importation __________________________________________________________ 46

    4.2.3 Petroleum Products Importation / Local Production __________________________________________ 51

    4.2.4 Petroleum Products Average Pricing _______________________________________________________ 52

    4.2.5 Retail Outlets _________________________________________________________________________ 52

    4.2.6 Petrochemicals ________________________________________________________________________ 56

    4.2.7 Lubricant Blending Plants _______________________________________________________________ 56

    4.3 GAS _________________________________________________________________________ 58

    4.3.1 Domestic Gas Supply Obligation (DGSO) ____________________________________________________ 58

    4.3.2 Gas Production And Utilization ___________________________________________________________ 60

    4.3.3 In Pursuit Of Increased Domestic Utilization Of LPG In Nigeria __________________________________ 62

    4.3.4 Gas Infrastructures _____________________________________________________________________ 66

    4.3.5 Major Gas Projects _____________________________________________________________________ 70

    4.3.6 Gas Pipelines _________________________________________________________________________ 72

    4.4 HEALTH, SAFETY AND ENVIRONMENT ______________________________________________ 78

    4.4.1 Accident Report _______________________________________________________________________ 78

    4.4.2 Spill Incidence Report __________________________________________________________________ 81

    4.5 REVENUE PERFORMANCE ________________________________________________________ 88

    4.5.1 The Role of Value Monitoring & Benchmarking (VMB) of Oil & Gas Projects and Operations in Nigeria _ 88

    5 Glossary of Terms _____________________________________________________________ 90

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    List Of Tables Table 1: Status of Oil Mining Leases (OMLs) ................................................................................................... 15

    Table 2: Status of Oil Prospecting Licenses (OPLs) ........................................................................................ 19

    Table 3: Summary Of Acreage Situation As At 31 December 2016 ................................................................. 24

    Table 4: Multi-Client Data Projects Status as at December 2016 ................................................................... 25

    Table 5: Contract Signed by Speculative Survey Companies in Nigeria ......................................................... 26

    Table 6: List of Marginal Fields ........................................................................................................................ 28

    Table 7: Oil and Gas Reserves .......................................................................................................................... 29

    Table 8: Seismic Data Acquisition .................................................................................................................... 30

    Table 9: Active Rig Trend by Terrain ................................................................................................................ 30

    Table 10: Rig Disposition by Terrain from January to December 2016 .......................................................... 30

    Table 11: Number of Wells drilled by Terrain ................................................................................................... 30

    Table 12: Number of Wells drilled by Class ..................................................................................................... 31

    Table 13: Wells Drilled by Contract and Class in 2016 ...................................................................................... 31

    Table 14: 2016 Production Performance# ........................................................................................................ 31

    Table 15: 2016 Monthly Production# ................................................................................................................ 32

    Table 16: 2016 Petroleum Production by Contract* ........................................................................................ 33

    Table 17: 2016 Fields Summary ......................................................................................................................... 34

    Table 18: 2016 Summary of Production Deferments ...................................................................................... 35

    Table 19 : 2016 Monthly Summary of Stabilized Crude / Condensates Volumes by Streams# ...................... 36

    Table 20: Summary of Stabilized Crude / Condensates Volumes by Streams# .............................................. 37

    Table 21: Summary of Crude / Condensate Export by Crude Stream 2016 .................................................... 38

    Table 22: Summary of Crude / Condensate Export ......................................................................................... 40

    Table 23: Average Price of Nigeria's Crude Streams as Quoted by Platts in USD# ....................................... 41

    Table 24: Refinery Plants in Nigeria ................................................................................................................. 42

    Table 25: Refinery Capacity Utilization ........................................................................................................... 42

    Table 26: 2016 PMS Production Summary ....................................................................................................... 42

    Table 27: PMS Production by Refineries ......................................................................................................... 43

    Table 28: 2016 AGO Production Summary ....................................................................................................... 43

    Table 29: AGO Production by Refineries ......................................................................................................... 43

    Table 30: 2016 DPK Production Summary ....................................................................................................... 44

    Table 31: DPK Production by Refineries .......................................................................................................... 44

    Table 32: Disposition of Licensed Refining Companies in Nigeria ................................................................. 45

    Table 33: Petroleum Products Volumes as per Import Permits Issued (Metric Tonnes) * ........................... 46

    Table 34: 2016 Petroleum Products Volumes as per Import Permits Issued (Metric Tonnes) * .................. 47

    Table 35: Petroleum Products Import Summary, Metric Tonnes ................................................................. 48

    Table 36: 2016 Petroleum Products Import Summary, Metric Tonnes.......................................................... 48

    Table 37: Summary of 2016 Petroleum Products Importation by Market Segment, Metric Tonnes ........... 49

    Table 38: Summary of Petroleum Products Importation by Market Segment (2010 2016) ..................... 50

    Table 39: Petroleum Products Average Consumer Price Range (Naira per Litre) ........................................ 52

    Table 40: Retai

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