The Political Economy Of Oil And Gas In Africa: The Case Of Nigeria (routledge Studies In International Business And The World Economy)

The evolution of the Nigerian oil and gas industry spanned about a century during which several challenges were encountered and surmounted by major International Oil Companies (IOCs). This book provides a thoroughly researched guide to the Nigerian oil and gas industry. The author examines the increasing role of Africa in the contribution of oil and gas resources to the global energy market and provides an overview of oil and gas exploration and production activities in Algeria , Libya , Egypt and Angola . The book presents an in-depth review of the growth and challenges of the Nigerian oil and gas industry. It also highlights the geological features of the oil and gas bearing regions of the country. In particular, the emerging prominence of the Gulf of Guinea as a prolific hydrocarbon bearing zone is extensively evaluated. Dedication Contents List of figures List of tables List of abbreviations and acronyms About the author Foreword Preface Acknowledgements 1 Oil and gas in Africa 2 Nigerian oil and gas industry 3 Petroleum geology of Nigeria 4 Nigerian National Petroleum Corporation (NNPC) 5 Upstream sector 6 Marginal Field development 7 Oil field service companies 8 Nigerian Content Development (NCD) 9 The Joint Development Zone (JDZ) 10 Refineries and petrochemicals – DS 11 Products marketing companies – DS 12 Gas monetisation 13 Elements of petroleum law 14 MOU and JV operations 15 The Niger Delta 16 Environmental pollution 17 Shipping and cabotage practice 18 Privatisation and liberalisation 19 Investment opportunities Appendices Appendix 1: Procedure on the calculation of technical cost per barrel with reference to the memorandum on incentives for encouraging investments in exploration and development activities and enhancingcrude oil exports between the government of the Federal Republic of Nigeria, NNPC and the company Appendix 2: Worked examples for establishing the guaranteed notional margin for R.P.