Insight
Nigeria's production drops by more than 750,000 b/d
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
More than 750,000 b/d of oil production has been shut-in in Nigeria. The outage has provided some support to oil prices, pushing it further from the low seen in January. The return of militancy in the Niger Delta is largely responsible for current losses, with pipelines, loading terminals and platforms all attacked. NNPC, the IOCs and indigenous companies have all been seriously affected. While some of the infrastructure will return in the coming weeks, we believe the likelihood of more militant activity to be high, with significant downside risks to production in the near term.
Table of contents
-
The main deliverable for this report is the attached slide-pack available in the downloads section.
- More than 750,000 b/d shut-in
- Supporting the oil price
- A shift from theft to disruption
- Exacerbates a bad situation for the Nigerian government
- NNPC and the IOCs are most affected
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Israel Other Fields
Aside the Tamar, Leviathan, Karish Area Fields and Yam Tethys areas - all covered in dedicated analyses - there are fifteen other ...
$3,720
Asset Report
TPAO-operated onshore fields
Türkiye Petrolleri Anonim Ortakligi (TPAO) is Türkiye's NOC and dominant upstream company. It operates a vast onshore ...
$3,720
Insight
US upstream in brief: Shenandoah hits 100,000 b/d target
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary WoodMac views.
$1,350
