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1822

100 oil & gas projects are set to start in Nigeria by 2025

Nigeria is one of Africa’s leading crude oil producers, as the nation’s energy sector remains one of the most underdeveloped on the African continent

100 oil & gas projects are set to start in Nigeria by 2025

Abuja, April 19 - Neftegaz.RU. According to GlobalData, Nigeria is expected to have 100 oil & gas projects commencing operations across the value chain between 2021 and 2025, accounting for 23% of the total project starts in Africa.
New build projects dominate the upcoming projects and account for around 90% of the total projects commencing operations across the value chain.

GlobalData’s report, «Africa Oil and Gas Projects Outlook to 2025», reveals that of the 100 projects expected to commence operations during the outlook period, petrochemicals will have the highest count with 28 projects, followed by upstream, refinery and midstream.

Teja Pappoppula, Oil & Gas Analyst at GlobalData, comments:
  • Nigeria is betting on several refinery and petrochemicals projects to meet its growing domestic demand and reduce its reliance on imports
  • The projects also have potential to transform Nigeria as an exporter of refined products to neighboring countries
In refineries, the 650 000 barrel per day Lagos I is a key project expected to start operations in 2022.
Once the project begins operation, it could become the largest oil refinery in Africa.
Among the upcoming petrochemical projects in Nigeria by 2025, Brass Fertilizer & Petrochemical Company Brass Methanol Plant is a key project with a capacity of 1.7 million tonnes per annum (mtpa).
The new build plant has already received approval and is expected to start operations by 2025.

In the upstream (fields) segment, GlobalData expects 25 projects to start operations in Nigeria during 2021 to 2025.
Some of the notable projects include Bonga North and Okpokunou Cluster Development.
Bonga North is a deepwater conventional oil field presently in FEED stage and is expected to commence operations by 2025, while Cluster Development is an onshore conventional gas field presently in feasibility stage and is expected to start operations by 2024.

Midstream projects account for around 23% of all oil and gas projects in Nigeria by 2025.
Gas processing projects account for around 39% of all upcoming midstream projects.
ANOH-Seplat is one of the key projects with a capacity of 300 million cubic feet per day.
The project is in currently in the construction stage and is expected to start operations in 2022.

In LNG, Nigeria Expansion is a key liquefaction project with a capacity of 7.6 mtpa and a project cost of $7 billion.
The liquefaction project has been approved and is expected to start operations in 2025.

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