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Tony Chukwueke, Director at Transcorp Energy - Potential of oil and gas in niger delta

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Tony Chukwueke, Director at Transcorp Energy spoke at the Oil & gas Event June 2013

Tony Chukwueke, Director at Transcorp Energy spoke at the Oil & gas Event June 2013

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  • 1. Realising the Oil andGas Potential of theNiger DeltaDr Tony ChukwuekeJune 2013The Oil & Gas EventAccra, Ghanawww.transcorpnigeria.com
  • 2. Nigerian Sedimentary Basins remainamong the most prolific in the worldAMALGAMOPL-452COTONOUKRIBITIKOSANTA ISABELSHELL-OML-7SUNLINK-OPL474OPL-314OPL-313OPL-312OPL-311OPL-310OPL-309OPL-301OPL-302OPL-304 OPL-306OPL-307OPL-308OPL-902 OPL-903OPL-905 OPL-906OPL-904UMICPACLAN-OPL-204ELF-OPL-447OPL-201SUMMITINT.-OPL-206IPEC-OPL-202SUPRA-OPL-203YINKADEVINEJAMES PET SUNLINKOBEKPAOPL-241SEAWOLFOPL-907OPL-315AGIP OPL-211ALLIED-OPL-210AGIP OPL-316MOBIL-OPL-94NPDC-OPL-91ELF-OPL-222ELF-OML-100 ELF-OML-102NOREAST-OPL-215STATOIL/BPX-OPL-213OPL 242OPL 243 OPL 244 OPL 245 OPL 246 OPL 247SHELL-OML-25SHELL-OML-19SHELL-OML-24SHELL-OML-29SHELL-OML-33SHELL-OML-18SHELL-OML-43SHELL-OML-45SHELL-OML-44SHELL-OML-42AGIP OML-63CHEVRON-OML-55CHEVRON-OML-52CHEVRON-OML-55NDPC OML-66AMNI OPL-237SHELL-OML-79SHELL-OML-40SHELL-OML-1SHELL-OML-11SHELL-OML-23SHELL-OML-17SHELL-OML-20SHELL-OML-15SHELL-OML-21ELF-OML-58SHELL-OML-31SHELL-OML-26ELF-OML-56NPDC-OML-65NAOC-OML-61CHEVRON-OML-54LAMONTOPL-207SHELL-OML-30SHELL-OML-38ASHLAND-OPL-118CHEVRON-OML-49SHELL-OML-38SHELL-OML-4SHELL-OML-5OPL-135QUEENSPETRO. NIG.LTD.OPL-228EXPRESS PETROML-108ATLAS-OPL-75OPL 239ULTRAMAROPL-227SHELL-OML-74OPL-467MOBIL-OML-68MOBIL-OML-69MOBIL-OML-67SHELL-OML-14MOBIL-OML-67ELF-OML-101ASARISOPL-236MAREENAOPL231MOBIL-OML-70ORIENT-OPL-224ELF-OML-99PEAK OPL-460TEXACO-OML-86IPEC-OPL-229OPENIBADANOPL-303 OPL-305OPL-901(EQUATORIALGUINEA)CAVENDISH-OPL-453MLM OPL-454DUBRI-OML-96TEXACO-OML-84AGIP OML-63CONSOLIDATED-OPL-113SHELL-OML-34QITCONSOLIDATED-OPL-458EBUTEMETTAABEOKUTALEKKILAGOONGULF OFGUINEABIGHT OFBENINNKONGSAMBAKATSINA RIERGAMANARIVERSANAGARIVERNIGERIACAMEROUNBENINCITYSUMMITINT.-OPL-205TGOLAGOSEXXON-OPL-209CHEVRON-OML-95TEXACO-OML-83ASHLAND-OPL-90ASHLAND-OPL-225SHELL-OPL-219MOBIL-OPL-221DUPONT-OPL-220STATOIL/BPX-OPL-218STATOIL/BPX-OPL-217FAMFA-OPL-216INTOIL-OPL-214SOLGASOPL-226AGIPENOPL-472SUNLINKOPL-238WARRISHELL-OML-73SHELL-OML-72CHEVRON-OML-90CHEVRON-OML-91CHEVRON-OML-89ATLAS-OPL-75SAPELESHELL-OML-41NPDC-OPL-110SHELL-OML-22SHELL-OML-16CHEVRON-OML-54SHELL-OML-28CHEVRON-OML-53PORTHARCOURTBRASSOPL-208CRESCENTOPL-234SHELL-OML-39ONITSHAPANOCEAN-OML-98CHEVRON-OML-49CHEVRON-OML-95OPL240SHELL-OML-72SHELL-OML-71SHELL-OML-74SHELL-OML-77CALABARASHLAND-OPL-98ASARISOPL-235MOBIL-OML-70SHELL-OML-13TEXACO-OML-88TEXACO-OML-85TEXACO-OML-87MONCRIEF-OPL-471Sokoto EmbaymentBida BasinChad BasinBenue TroughAnambra BasinBenin BasinNiger DeltaBENIwww.transcorpnigeria.com
  • 3. In 2005, the Federal Government ofNigeria enunciated and drove anambitious national aspiration for theNigeria Oil and Gas sectorAMALGAMOPL-452COTONOUKRIBITIKOSANTA ISABELSHELL-OML-7SUNLINK-OPL474OPL-314OPL-313OPL-312OPL-310OPL-309OPL-301OPL-302OPL-304 OPL-306OPL-307OPL-308OPL-902 OPL-903OPL-905 OPL-906OPL-904UMICPACLAN-OPL-204ELF-OPL-447OPL-201SUMMITINT.-OPL-206IPEC-OPL-202SUPRA-OPL-203YINKADEVINEJAMES PET SUNLINKOBEKPAOPL-241SEAWOLFOPL-907OPL-315AGIP OPL-211ALLIED-OPL-210AGIP OPL-316MOBIL-OPL-94NPDC-OPL-91ELF-OPL-222ELF-OML-100 ELF-OML-102NOREAST-OPL-215STATOIL/BPX-OPL-213OPL 242OPL 244 OPL 245 OPL 246 OPL 247SHELL-OML-25SHELL-OML-19SHELL-OML-24SHELL-OML-29SHELL-OML-33SHELL-OML-18SHELL-OML-43SHELL-OML-45SHELL-OML-44SHELL-OML-42AGIP OML-63CHEVRON-OML-55CHEVRON-OML-52CHEVRON-OML-55NDPC OML-66AMNI OPL-237SHELL-OML-79SHELL-OML-40SHELL-OML-1SHELL-OML-11SHELL-OML-23SHELL-OML-17SHELL-OML-20SHELL-OML-15SHELL-OML-21ELF-OML-58SHELL-OML-31SHELL-OML-26ELF-OML-56NPDC-OML-65NAOC-OML-61CHEVRON-OML-54LAMONTOPL-207SHELL-OML-30SHELL-OML-38ASHLAND-OPL-118CHEVRON-OML-49SHELL-OML-38SHELL-OML-4SHELL-OML-5OPL-135QUEENSPETRO. NIG.LTD.OPL-228EXPRESS PETROML-108ATLAS-OPL-75OPL 239ULTRAMAROPL-227SHELL-OML-74OPL-467MOBIL-OML-68MOBIL-OML-69MOBIL-OML-67SHELL-OML-14MOBIL-OML-67ELF-OML-101ASARISOPL-236MAREENAOPL231MOBIL-OML-70ORIENT-OPL-224ELF-OML-99PEAK OPL-460TEXACO-OML-86IPEC-OPL-229OPENIBADANOPL-303 OPL-305OPL-901(EQUATORIALGUINEA)CAVENDISH-OPL-453MLM OPL-454DUBRI-OML-96TEXACO-OML-84AGIP OML-63CONSOLIDATED-OPL-113SHELL-OML-34QITCONSOLIDATED-OPL-458 To grow the nation’s oil production capacity to 4 million bpdby 2010 by growing the oil reserves base optimally withinfrastructure and within the constraints of OPEC but withoutthe need for Government funding through maintaining theattractiveness of the sector to investment. To build a viable and sustainable gas business for thecountry both for export and domestic consumption andend the continuous flaring of Gas by year 2008. To turn the country into an oil refining and productsproducing country for export and resolve the perennialfuel scarcity in the country by year 2010. To provide a credible and meaningful indigeneparticipation and Nigerianisation (Local Content)programme for the Oil & Gas sector.www.transcorpnigeria.com
  • 4. Government and industry pursued adeliberate programme to meet thisaspirationAMALGAMOPL-452COTONOUKRIBITIKOSANTA ISABELSHELL-OML-7SUNLINK-OPL474OPL-314OPL-313OPL-312OPL-310OPL-309OPL-301OPL-302OPL-304 OPL-306OPL-307OPL-308OPL-902 OPL-903OPL-905 OPL-906OPL-904UMICPACLAN-OPL-204ELF-OPL-447OPL-201SUMMITINT.-OPL-206IPEC-OPL-202SUPRA-OPL-203YINKADEVINEJAMES PET SUNLINKOBEKPAOPL-241SEAWOLFOPL-907OPL-315AGIP OPL-211ALLIED-OPL-210AGIP OPL-316MOBIL-OPL-94NPDC-OPL-91ELF-OPL-222ELF-OML-100 ELF-OML-102NOREAST-OPL-215STATOIL/BPX-OPL-213OPL 242OPL 244 OPL 245 OPL 246 OPL 247SHELL-OML-25SHELL-OML-19SHELL-OML-24SHELL-OML-29SHELL-OML-33SHELL-OML-18SHELL-OML-43SHELL-OML-45SHELL-OML-44SHELL-OML-42AGIP OML-63CHEVRON-OML-55CHEVRON-OML-52CHEVRON-OML-55NDPC OML-66AMNI OPL-237SHELL-OML-79SHELL-OML-40SHELL-OML-1SHELL-OML-11SHELL-OML-23SHELL-OML-17SHELL-OML-20SHELL-OML-15SHELL-OML-21ELF-OML-58SHELL-OML-31SHELL-OML-26ELF-OML-56NPDC-OML-65NAOC-OML-61CHEVRON-OML-54LAMONTOPL-207SHELL-OML-30SHELL-OML-38ASHLAND-OPL-118CHEVRON-OML-49SHELL-OML-38SHELL-OML-4SHELL-OML-5OPL-135QUEENSPETRO. NIG.LTD.OPL-228EXPRESS PETROML-108ATLAS-OPL-75OPL 239ULTRAMAROPL-227SHELL-OML-74OPL-467MOBIL-OML-68MOBIL-OML-69MOBIL-OML-67SHELL-OML-14MOBIL-OML-67ELF-OML-101ASARISOPL-236MAREENAOPL231MOBIL-OML-70ORIENT-OPL-224ELF-OML-99PEAK OPL-460TEXACO-OML-86IPEC-OPL-229OPENIBADANOPL-303 OPL-305OPL-901(EQUATORIALGUINEA)CAVENDISH-OPL-453MLM OPL-454DUBRI-OML-96TEXACO-OML-84AGIP OML-63CONSOLIDATED-OPL-113SHELL-OML-34QITCONSOLIDATED-OPL-458 Opening up of new oil and gas assets to new investments inexploration and exploitation – frontier areas in the Deep Offshoreand Inland Basins, Re-invigoration of activities in the traditionalareas of the Niger Delta and the Deep Offshore throughmandatory relinquishment and re-allocation of dormantacreage in the Niger Delta. Pursuing regular, open and transparent Bidding Process forexploration assets allocation as a means to optimise theidentification of reserves, provide a more level playing field toattract new investors, maximise revenue to Government by wayof signature bonus and improve international confidence in theOil and Gas sector. Seeking out and attracting new investors to complimenttraditional players and linking investment in the downstream withupstream assets allocation to integrate value generation acrossthe oil and gas value chain and promote the principle of ‘usingwhat we have to get what we need’.www.transcorpnigeria.com
  • 5. Government and industry pursued adeliberate programme to meet thisaspirationAMALGAMOPL-452COTONOUKRIBITIKOSANTA ISABELSHELL-OML-7SUNLINK-OPL474OPL-310OPL-309OPL-301OPL-302OPL-304 OPL-306OPL-307OPL-308OPL-902 OPL-903OPL-905 OPL-906OPL-904UMICPACLAN-OPL-204ELF-OPL-447OPL-201SUMMITINT.-OPL-206IPEC-OPL-202SUPRA-OPL-203YINKA JAMES PET SUNLINKOBEKPAOPL-241SEAWOLFOPL-907OPL-315AGIP OPL-211ALLIED-OPL-210AGIP OPL-316MOBIL-OPL-94NPDC-OPL-91ELF-OPL-222ELF-OML-100 ELF-OML-102NOREAST-OPL-215STATOIL/BPX-OPL-213OPL 242OPL 244 OPL 245 OPL 246 OPL 247SHELL-OML-25SHELL-OML-19SHELL-OML-24SHELL-OML-29SHELL-OML-33SHELL-OML-18SHELL-OML-43SHELL-OML-45SHELL-OML-44SHELL-OML-42AGIP OML-63CHEVRON-OML-55CHEVRON-OML-52CHEVRON-OML-55NDPC OML-66AMNI OPL-237SHELL-OML-79SHELL-OML-40SHELL-OML-1SHELL-OML-11SHELL-OML-23SHELL-OML-17SHELL-OML-20SHELL-OML-15SHELL-OML-21SHELL-OML-31SHELL-OML-26ELF-OML-56NPDC-OML-65NAOC-OML-61CHEVRON-OML-54LAMONTOPL-207SHELL-OML-30SHELL-OML-38ASHLAND-OPL-118CHEVRON-OML-49SHELL-OML-38SHELL-OML-4SHELL-OML-5OPL-135QUEENSPETRO. NIG.LTD.OPL-228EXPRESS PETROML-108ATLAS-OPL-75OPL 239ULTRAMAROPL-227SHELL-OML-74OPL-467MOBIL-OML-68MOBIL-OML-69MOBIL-OML-67SHELL-OML-14MOBIL-OML-67ELF-OML-101ASARISOPL-236MAREENAOPL231MOBIL-OML-70ORIENT-OPL-224ELF-OML-99PEAK OPL-460TEXACO-OML-86IPEC-OPL-229OPENIBADANOPL-303 OPL-305OPL-901(EQUATORIALGUINEA)CAVENDISH-OPL-453MLM OPL-454DUBRI-OML-96TEXACO-OML-84AGIP OML-63CONSOLIDATED-OPL-113SHELL-OML-34QITCONSOLIDATED-OPL-458 Adopting Production Sharing Contracts as the preferredcommercial instruments with revised fiscal terms toprogressively eliminate the need for Government cash-callto fund the oil and gas sector while maximisingGovernment take. Aggressively pursuing natural gas development includingaccess to 3rd parties and non-traditional players toeliminate gas flaring, meet domestic gas demand andthen export, under new fiscal terms that will attract therequired level of investments. Launch of fundamental and far reaching transformation ofthe Oil and Gas Sector that will privatise ailing NNPCfacilities and build a strong and dominant operatingNational Oil Company and separate and empoweredregulatory agencies, able to function with state of the arttechnology and manpower.www.transcorpnigeria.com
  • 6. www.transcorpnigeria.com62009 Oil Reserves (Barrels)Niger Delta28 BlnDeepwater5 BlnTotal 33 BlnNiger Delta160 TcfDeepwater27 TcfTotal 187Tcf2009 Gas Reserves (Tcf)The successes in the Deepwatercoupled with the Niger Deltasignificantly enhanced Nigeria’sposition as a major oil and gas player.
  • 7. Summary of Industry PositionAMALGAMOPL-452COTONOUKRIBITIKOSANTA ISABELSHELL-OML-7SUNLINK-OPL474OPL-310OPL-309OPL-301OPL-302OPL-304 OPL-306OPL-307OPL-308OPL-902 OPL-903OPL-905 OPL-906OPL-904UMICPACLAN-OPL-204ELF-OPL-447OPL-201SUMMITINT.-OPL-206IPEC-OPL-202SUPRA-OPL-203YINKA JAMES PET SUNLINKOBEKPAOPL-241SEAWOLFOPL-907OPL-315AGIP OPL-211ALLIED-OPL-210AGIP OPL-316MOBIL-OPL-94NPDC-OPL-91ELF-OPL-222ELF-OML-100 ELF-OML-102NOREAST-OPL-215STATOIL/BPX-OPL-213OPL 242OPL 244 OPL 245 OPL 246 OPL 247SHELL-OML-25SHELL-OML-19SHELL-OML-24SHELL-OML-29SHELL-OML-33SHELL-OML-18SHELL-OML-43SHELL-OML-45SHELL-OML-44SHELL-OML-42AGIP OML-63CHEVRON-OML-55CHEVRON-OML-52CHEVRON-OML-55NDPC OML-66AMNI OPL-237SHELL-OML-79SHELL-OML-40SHELL-OML-1SHELL-OML-11SHELL-OML-23SHELL-OML-17SHELL-OML-20SHELL-OML-15SHELL-OML-21SHELL-OML-31SHELL-OML-26ELF-OML-56NPDC-OML-65NAOC-OML-61CHEVRON-OML-54LAMONTOPL-207SHELL-OML-30SHELL-OML-38ASHLAND-OPL-118CHEVRON-OML-49SHELL-OML-38SHELL-OML-4SHELL-OML-5OPL-135QUEENSPETRO. NIG.LTD.OPL-228EXPRESS PETROML-108ATLAS-OPL-75OPL 239ULTRAMAROPL-227SHELL-OML-74OPL-467MOBIL-OML-68MOBIL-OML-69MOBIL-OML-67SHELL-OML-14MOBIL-OML-67ELF-OML-101ASARISOPL-236MAREENAOPL231MOBIL-OML-70ORIENT-OPL-224ELF-OML-99PEAK OPL-460TEXACO-OML-86IPEC-OPL-229OPENIBADANOPL-303 OPL-305OPL-901(EQUATORIALGUINEA)CAVENDISH-OPL-453MLM OPL-454DUBRI-OML-96TEXACO-OML-84AGIP OML-63CONSOLIDATED-OPL-113SHELL-OML-34QITCONSOLIDATED-OPL-458 Significant milestones were reached in key areas ofactivities highlighted above. However, progress has slowed significantly due to changes in government priorities militancy, sabotage in the Niger Delta delay in the passage of the Petroleum Industry Bill. Furthermore, further discoveries of commercial quantitiesof hydrocarbon in neighbouring countries in the sub-region, notably; Ghana, Equatorial Guinea and Angola,coupled with decreasing oil and gas exports to the UnitedStates arising from global recession and the advent ofShale gas, have added pressure on the Nigerian Oil andGas sectorwww.transcorpnigeria.com
  • 8. The challenges of the sector aremany; and The country needssustainable transformation of theenergy sectorAMALGAMOPL-452COTONOUKRIBITIKOSANTA ISABELSHELL-OML-7SUNLINK-OPL474OPL-310OPL-309OPL-301OPL-302OPL-304 OPL-306OPL-307OPL-308OPL-902 OPL-903OPL-905 OPL-906OPL-904UMICPACLAN-OPL-204ELF-OPL-447OPL-201SUMMITINT.-OPL-206IPEC-OPL-202SUPRA-OPL-203YINKA JAMES PET SUNLINKOBEKPAOPL-241SEAWOLFOPL-907OPL-315AGIP OPL-211ALLIED-OPL-210AGIP OPL-316MOBIL-OPL-94NPDC-OPL-91ELF-OPL-222ELF-OML-100 ELF-OML-102NOREAST-OPL-215STATOIL/BPX-OPL-213OPL 242OPL 244 OPL 245 OPL 246 OPL 247SHELL-OML-25SHELL-OML-19SHELL-OML-24SHELL-OML-29SHELL-OML-33SHELL-OML-18SHELL-OML-43SHELL-OML-45SHELL-OML-44SHELL-OML-42AGIP OML-63CHEVRON-OML-55CHEVRON-OML-52CHEVRON-OML-55NDPC OML-66AMNI OPL-237SHELL-OML-79SHELL-OML-40SHELL-OML-1SHELL-OML-11SHELL-OML-23SHELL-OML-17SHELL-OML-20SHELL-OML-15SHELL-OML-21SHELL-OML-31SHELL-OML-26ELF-OML-56NPDC-OML-65NAOC-OML-61CHEVRON-OML-54LAMONTOPL-207SHELL-OML-30SHELL-OML-38ASHLAND-OPL-118CHEVRON-OML-49SHELL-OML-38SHELL-OML-4SHELL-OML-5OPL-135QUEENSPETRO. NIG.LTD.OPL-228EXPRESS PETROML-108ATLAS-OPL-75OPL 239ULTRAMAROPL-227SHELL-OML-74OPL-467MOBIL-OML-68MOBIL-OML-69MOBIL-OML-67SHELL-OML-14MOBIL-OML-67ELF-OML-101ASARISOPL-236MAREENAOPL231MOBIL-OML-70ORIENT-OPL-224ELF-OML-99PEAK OPL-460TEXACO-OML-86IPEC-OPL-229OPENIBADANOPL-303 OPL-305OPL-901(EQUATORIALGUINEA)CAVENDISH-OPL-453MLM OPL-454DUBRI-OML-96TEXACO-OML-84AGIP OML-63CONSOLIDATED-OPL-113SHELL-OML-34QITCONSOLIDATED-OPL-458 There is a general decline in oil and gas production capacitydue to the decision of key international operators to divest fromthe Niger Delta towards the offshore. The decline in the demand for LNG in the US has dampened theprogramme to stop gas flaring in the country, and thereforeGovernment has diverted attention towards domestic gasutilisation projects (power, petrochemicals & fertiliser,commercial & industrial utilisation). The current demand for electricity in the country is estimated atsome 15,000 MW but the present generation and distributioncapacity is around 3500 MW. The demand for refined petroleum products (pms, dpk, ago) issome 30 million litres per day while domestic refining capacitystand at some 5 million litres per day. The difference is presentlyimported.www.transcorpnigeria.com
  • 9. The Federal Government of Nigeriahas enunciated the followingnational aspiration for the EnergySectorAMALGAMOPL-452COTONOUKRIBITIKOSANTA ISABELSHELL-OML-7SUNLINK-OPL474OPL-310OPL-309OPL-301OPL-302OPL-304 OPL-306OPL-307OPL-308OPL-902 OPL-903OPL-905 OPL-906OPL-904UMICPACLAN-OPL-204ELF-OPL-447OPL-201SUMMITINT.-OPL-206IPEC-OPL-202SUPRA-OPL-203YINKA JAMES PET SUNLINKOBEKPAOPL-241SEAWOLFOPL-907OPL-315AGIP OPL-211ALLIED-OPL-210AGIP OPL-316MOBIL-OPL-94NPDC-OPL-91ELF-OPL-222ELF-OML-100 ELF-OML-102NOREAST-OPL-215STATOIL/BPX-OPL-213OPL 242OPL 244 OPL 245 OPL 246 OPL 247SHELL-OML-25SHELL-OML-19SHELL-OML-24SHELL-OML-29SHELL-OML-33SHELL-OML-18SHELL-OML-43SHELL-OML-45SHELL-OML-44SHELL-OML-42AGIP OML-63CHEVRON-OML-55CHEVRON-OML-52CHEVRON-OML-55NDPC OML-66AMNI OPL-237SHELL-OML-79SHELL-OML-40SHELL-OML-1SHELL-OML-11SHELL-OML-23SHELL-OML-17SHELL-OML-20SHELL-OML-15SHELL-OML-21SHELL-OML-31SHELL-OML-26ELF-OML-56NPDC-OML-65NAOC-OML-61CHEVRON-OML-54LAMONTOPL-207SHELL-OML-30SHELL-OML-38ASHLAND-OPL-118CHEVRON-OML-49SHELL-OML-38SHELL-OML-4SHELL-OML-5OPL-135QUEENSPETRO. NIG.LTD.OPL-228EXPRESS PETROML-108ATLAS-OPL-75OPL 239ULTRAMAROPL-227SHELL-OML-74OPL-467MOBIL-OML-68MOBIL-OML-69MOBIL-OML-67SHELL-OML-14MOBIL-OML-67ELF-OML-101ASARISOPL-236MAREENAOPL231MOBIL-OML-70ORIENT-OPL-224ELF-OML-99PEAK OPL-460TEXACO-OML-86IPEC-OPL-229OPENIBADANOPL-303 OPL-305OPL-901(EQUATORIALGUINEA)CAVENDISH-OPL-453MLM OPL-454DUBRI-OML-96TEXACO-OML-84AGIP OML-63CONSOLIDATED-OPL-113SHELL-OML-34QITCONSOLIDATED-OPL-458 To maintain the nation’s oil production capacity at 2.5 millionbpd in 2013 and grow capacity to 3 million bpd by 2015 throughmaintaining the attractiveness of the sector to investment. To turn the country into an oil refining and products producingcountry for export and resolve the perennial fuel scarcity in thecountry. To build a viable and sustainable gas industry through expansionin domestic gas outlets rather than exports particularly electricityindustry in which electricity generation and distribution capacityis planned to increase to 10,000 MW by 2013 and 20,000 MW by2015www.transcorpnigeria.com
  • 10. The Federal Government of Nigeriahas enunciated the followingnational aspiration for the EnergySectorAMALGAMOPL-452COTONOUKRIBITIKOSANTA ISABELSHELL-OML-7SUNLINK-OPL474OPL-310OPL-309OPL-301OPL-302OPL-304 OPL-306OPL-307OPL-308OPL-902 OPL-903OPL-905 OPL-906OPL-904UMICPACLAN-OPL-204ELF-OPL-447OPL-201SUMMITINT.-OPL-206IPEC-OPL-202SUPRA-OPL-203YINKA JAMES PET SUNLINKOBEKPAOPL-241SEAWOLFOPL-907OPL-315AGIP OPL-211ALLIED-OPL-210AGIP OPL-316MOBIL-OPL-94NPDC-OPL-91ELF-OPL-222ELF-OML-100 ELF-OML-102NOREAST-OPL-215STATOIL/BPX-OPL-213OPL 242OPL 244 OPL 245 OPL 246 OPL 247SHELL-OML-25SHELL-OML-19SHELL-OML-24SHELL-OML-29SHELL-OML-33SHELL-OML-18SHELL-OML-43SHELL-OML-45SHELL-OML-44SHELL-OML-42AGIP OML-63CHEVRON-OML-55CHEVRON-OML-52CHEVRON-OML-55NDPC OML-66AMNI OPL-237SHELL-OML-79SHELL-OML-40SHELL-OML-1SHELL-OML-11SHELL-OML-23SHELL-OML-17SHELL-OML-20SHELL-OML-15SHELL-OML-21SHELL-OML-31SHELL-OML-26ELF-OML-56NPDC-OML-65NAOC-OML-61CHEVRON-OML-54LAMONTOPL-207SHELL-OML-30SHELL-OML-38ASHLAND-OPL-118CHEVRON-OML-49SHELL-OML-38SHELL-OML-4SHELL-OML-5OPL-135QUEENSPETRO. NIG.LTD.OPL-228EXPRESS PETROML-108ATLAS-OPL-75OPL 239ULTRAMAROPL-227SHELL-OML-74OPL-467MOBIL-OML-68MOBIL-OML-69MOBIL-OML-67SHELL-OML-14MOBIL-OML-67ELF-OML-101ASARISOPL-236MAREENAOPL231MOBIL-OML-70ORIENT-OPL-224ELF-OML-99PEAK OPL-460TEXACO-OML-86IPEC-OPL-229OPENIBADANOPL-303 OPL-305OPL-901(EQUATORIALGUINEA)CAVENDISH-OPL-453MLM OPL-454DUBRI-OML-96TEXACO-OML-84AGIP OML-63CONSOLIDATED-OPL-113SHELL-OML-34QITCONSOLIDATED-OPL-458 To maintain the nation’s oil production capacity at 2.5 millionbpd in 2013 and grow capacity to 3 million bpd by 2015 throughmaintaining the attractiveness of the sector to investment. To turn the country into an oil refining and products producingcountry for export and resolve the perennial fuel scarcity in thecountry. To build a viable and sustainable gas industry through expansionin domestic gas outlets rather than exports particularly electricityindustry in which electricity generation and distribution capacityis planned to increase to 10,000 MW by 2013 and 20,000 MW by2015www.transcorpnigeria.com
  • 11. Government does not possess the capacity to deliver these aspirations on itsown and is therefore seeking private sector participation to drive, fund, ownand manage the transformation of the energy sector. This is where theopportunities is.AMALGAMOPL-452COTONOUKRIBITIKOSHELL-OML-7SUNLINK-OPL474OPL-309OPL-301OPL-302OPL-304 OPL-306OPL-307OPL-308OPL-902 OPL-903OPL-905 OPL-906OPL-904UMICPACLAN-OPL-204ELF-OPL-447OPL-201SUMMITINT.-OPL-206IPEC-OPL-202SUPRA-OPL-203YINKA JAMES PET SUNLINKOBEKPAOPL-241SEAWOLFOPL-907OPL-315AGIP OPL-211ALLIED-OPL-210AGIP OPL-316MOBIL-OPL-94NPDC-OPL-91 ELF-OML-100 ELF-OML-102NOREAST-OPL-215STATOIL/BPX-OPL-213OPL 244 OPL 245 OPL 246 OPL 247SHELL-OML-25SHELL-OML-19SHELL-OML-24SHELL-OML-29SHELL-OML-33SHELL-OML-18SHELL-OML-43SHELL-OML-45SHELL-OML-44SHELL-OML-42AGIP OML-63CHEVRON-OML-55CHEVRON-OML-52CHEVRON-OML-55NDPC OML-66AMNI OPL-237SHELL-OML-79SHELL-OML-40SHELL-OML-1SHELL-OML-11SHELL-OML-23SHELL-OML-17SHELL-OML-20SHELL-OML-15SHELL-OML-21SHELL-OML-31SHELL-OML-26ELF-OML-56NPDC-OML-65NAOC-OML-61CHEVRON-OML-54LAMONTOPL-207SHELL-OML-30SHELL-OML-38ASHLAND-OPL-118CHEVRON-OML-49SHELL-OML-38SHELL-OML-4SHELL-OML-5OPL-135QUEENSPETRO. NIG.LTD.OPL-228EXPRESS PETROML-108ATLAS-OPL-75OPL 239ULTRAMAROPL-227SHELL-OML-74OPL-467MOBIL-OML-68MOBIL-OML-69MOBIL-OML-67SHELL-OML-14MOBIL-OML-67ELF-OML-101ASARISOPL-236MAREENAOPL231MOBIL-OML-70ORIENT-OPL-224ELF-OML-99PEAK OPL-460TEXACO-OML-86IPEC-OPL-229OPENIBADANOPL-303 OPL-305OPL-901(EQUATORIALGUINEA)CAVENDISH-OPL-453MLM OPL-454DUBRI-OML-96TEXACO-OML-84AGIP OML-63CONSOLIDATED-OPL-113SHELL-OML-34QITCONSOLIDATED-OPL-458 International oil companies are selling oil and gas assets to local andforeign companies, who are better placed to manage the communityand security challenges in the Niger Delta. Government is trying out novel approaches to fund its share of the JointVentures with International Oil Companies. There is a surge in the advertisement for domestic gas projects (power,petrochemicals & fertiliser, including gas transportation) but eachrequires proper understanding and consideration in order to becomeopportunity. Government is at critical stage of concluding the partial / fullprivatisation of 11 government owned but ailing electricity generationand distribution companies, and announced plans to commence theprivatisation of new 10 new IPPs built under the under NationalIntegrated Power Projects scheme. There is expectation that private sector involvement in the improvementof the country’s domestic refining would soon materialise.www.transcorpnigeria.com
  • 12. www.transcorpnigeria.com12Nigeria Energy and InfrastructurePrivate Sector Opportunity
  • 13. www.transcorpnigeria.com13Nigeria Energy and InfrastructurePrivate Sector OpportunityName of Power Plant Year Built LocationInstalledCapacity(MW)AvailableCapacityas of Feb.2011(MW)Calabar Power ProjectUnderConstructionCalabar, CrossRiver State563 NilEgbema Power ProjectUnderConstructionEgbema, Imo State 338 NilIhovbor Power ProjectUnderConstructionIhovbor, Edo State 451 NilGbaran Power ProjectUnderConstructionGbaran, BayelsaState225 NilSapele Power ProjectUnderConstructionSapele, Delta State 451 NilOmoku Power ProjectUnderConstructionOmoku, RiversState225 NilAlaoji Power ProjectUnderConstructionAlaoji, Abia State 961 NilOlorunsogo –Phase-2 ProjectCombined CycleunderconstructionOlorunsogo, OgunState676 224Omotosho-Phase-2 ProjectUnderConstructionOmotosho, OndoState451 NilGeregu-Phase-2 ProjectUnderConstructionGeregu, Kogi State 434 NilTotal 4,775 224
  • 14. There is therefore substantial opportunity for private sector partnership is keyenergy infrastructure projects in the country.AMALGAMOPL-452COTONOUKRIBITIKOSHELL-OML-7SUNLINK-OPL474OPL-309OPL-301OPL-302OPL-304 OPL-306OPL-307OPL-308OPL-902 OPL-903OPL-905 OPL-906OPL-904UMICPACLAN-OPL-204ELF-OPL-447OPL-201SUMMITINT.-OPL-206IPEC-OPL-202SUPRA-OPL-203YINKA JAMES PET SUNLINKOBEKPAOPL-241SEAWOLFOPL-907OPL-315AGIP OPL-211ALLIED-OPL-210AGIP OPL-316MOBIL-OPL-94NPDC-OPL-91 ELF-OML-100 ELF-OML-102NOREAST-OPL-215STATOIL/BPX-OPL-213OPL 244 OPL 245 OPL 246 OPL 247SHELL-OML-25SHELL-OML-19SHELL-OML-24SHELL-OML-29SHELL-OML-33SHELL-OML-18SHELL-OML-43SHELL-OML-45SHELL-OML-44SHELL-OML-42AGIP OML-63CHEVRON-OML-55CHEVRON-OML-52CHEVRON-OML-55NDPC OML-66AMNI OPL-237SHELL-OML-79SHELL-OML-40SHELL-OML-1SHELL-OML-11SHELL-OML-23SHELL-OML-17SHELL-OML-20SHELL-OML-15SHELL-OML-21SHELL-OML-31SHELL-OML-26ELF-OML-56NPDC-OML-65NAOC-OML-61CHEVRON-OML-54LAMONTOPL-207SHELL-OML-30SHELL-OML-38ASHLAND-OPL-118CHEVRON-OML-49SHELL-OML-38SHELL-OML-4SHELL-OML-5OPL-135QUEENSPETRO. NIG.LTD.OPL-228EXPRESS PETROML-108ATLAS-OPL-75OPL 239ULTRAMAROPL-227SHELL-OML-74OPL-467MOBIL-OML-68MOBIL-OML-69MOBIL-OML-67SHELL-OML-14MOBIL-OML-67ELF-OML-101ASARISOPL-236MAREENAOPL231MOBIL-OML-70ORIENT-OPL-224ELF-OML-99PEAK OPL-460TEXACO-OML-86IPEC-OPL-229OPENIBADANOPL-303 OPL-305OPL-901(EQUATORIALGUINEA)CAVENDISH-OPL-453MLM OPL-454DUBRI-OML-96TEXACO-OML-84AGIP OML-63CONSOLIDATED-OPL-113SHELL-OML-34QITCONSOLIDATED-OPL-458 Local companies are seeking joint venture partnership with competentforeign companies in the bids to acquire oil and gas assets in the NigerDelta. There has been some key successes in this area. NNPC has invited private sector participation in the funding key oil andgas assets. However, such projects are to be approached morecautiously. The is a huge opportunity for private sector partnership in the powersector (in the rehabilitation and operation of 11 privatised electricitygeneration and distribution companies, the acquisition of operation of10 NIPP projects and development of new IPP projects). However, eachof these opportunities needs to be considered on a critical tripod. Apart from the power projects, a whole list of possible infrastructuralprojects are floating in the industry at the moment, and it thereforebecomes a matter of strategic alliances and positioning to seekmaturation of these opportunities.www.transcorpnigeria.com
  • 15. Transcorp Energy Brief Transcorp Energy Ltd is a wholly owned subsidiary of Transcorp Plcand is operator of the energy portfolio of Transcorp Plc Transcorp Plc currently has OPL 281. It assigned 40% of OPL 281 toEER/Sacoil. The oil block is expected to commence production by2014, given the approval of the Production Sharing Contract byNNPC. Transcorp Energy is also leading an international consortium in theacquisition of 972 MW Delta (Ughelli) Power Plc, one of the 6 powergenerating plants being privatized by the Federal Government. Theacquisition is expected to be completed by June 2013 andrepresents a significant step in the diversification of the energyportfolio of Transcorp Energy. Transcorp Energy is looking to expand it power generation capacity,and further integrate the energy value chain through opportunities ingas conversion projects and refining.www.transcorpnigeria.com15
  • 16. THANK YOUwww.transcorpnigeria.com16

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