Module 2•55 min•5 units
Industry Structure & Key Players
Nigeria's oil and gas industry involves a complex web of government agencies, international corporations, indigenous companies, and service providers. Understanding who does what - and how they interact - is essential to navigating the sector.
~6
Active IOCs
Shell, Total, Exxon, Chevron, Eni, CNOOC
50+
Indigenous Companies
Seplat, Oando, AITEO, First E&P and more
5+
NNPC Subsidiaries
E&P, Gas, Retail, Shipping, Refineries
2
Regulatory Bodies
NUPRC (upstream), NMDPRA (mid/downstream)
Learning objectives
After completing this module, you'll be able to:
- Explain the role of NNPC Ltd and the government in Nigeria's oil sector
- Identify the major international oil companies (IOCs) operating in Nigeria
- Describe the growing role of indigenous Nigerian oil companies
- Understand the function of service companies and contractors
- Explain the joint venture and production sharing contract models
In this module
Sources & Further Reading
- •NNPC Ltd, "About NNPC". nnpcgroup.com
- •Nigeria Extractive Industries Transparency Initiative (NEITI), "Oil and Gas Industry Audit Reports".
- •Department of Petroleum Resources (now NUPRC), "2020 Nigerian Oil and Gas Industry Annual Report".
- •Nigerian Content Development and Monitoring Board (NCDMB), "Nigerian Content Statistics". ncdmb.gov.ng