Skip to main content

GlobalData: Nigeria to account for 23% of upcoming oil and gas projects in Africa by 2025

Published by
World Pipelines,


Nigeria is expected to have 100 oil and gas projects commencing operations across the value chain between 2021 and 2025, accounting for 23% of the total project starts in Africa.

GlobalData: Nigeria to account for 23% of upcoming oil and gas projects in Africa by 2025

New build projects dominate the upcoming projects and account for around 90% of the total projects commencing operations across the value chain, according to GlobalData, a leading data and analytics company.

GlobalData’s report, ‘Africa Oil and Gas Projects Outlook to 2025 - Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects’, 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 (25), refinery (24) and midstream (23).

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 neighbouring countries.”

In refineries, the 650 000 bpd 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 1.70 million tpa. 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 ft3/d. 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 7.60 million tpa and a project cost of US$7 billion. The liquefaction project has been approved and is expected to start operations in 2025.

 

Read the latest issue of World Pipelines magazine for pipeline news, project stories, industry insight and technical articles.

World Pipelines’ April 2021 issue

The April issue of World Pipelines includes a regional report on oil and gas pipeline activity in the Gulf of Mexico, along with technical articles on corrosion prevention, unpiggable pipelines and repair and rehabilitation. Don’t miss the article on hydrogen pipelines!

Read the article online at: https://www.worldpipelines.com/project-news/19042021/globaldata-nigeria-to-account-for-23-of-upcoming-oil-and-gas-projects-in-africa-by-2025/

You might also like

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Africa pipeline news