Nigeria Oil and Gas Conference & Exhibition (NOG) 2022 will showcase the latest project opportunities in the upstream, midstream and downstream sector in the Nigerian oil and gas value chain. NOG Strategic Conference will review Nigeria’s positioning within the evolving global energy landscape, with a spotlight on emerging opportunities in the entire value chain of the energy, oil and gas industry.
NOG 2022 Conference will provide a platform for global businesses to access the Nigerian oil & gas industry, to showcase industry excellence, gain insights into the latest regulatory and policy frameworks, and forge new partnerships and cooperation in the heart of Africa’s largest oil & gas producer.
“The NOG Strategic Conference will review Nigeria’s positioning within the evolving global energy landscape, with a focus on emerging opportunities to transform her energy industry through robust legislation, technology, and innovation, in-country capacity development, and actualize energy sufficiency targets,” says dmg Event, organizers of the conference.
According to Global Data’s latest report, Nigeria is expected to witness 109 projects to commence operations during the period 2022-2026. Out of these, upstream projects would be 26, midstream would be 31 projects, refinery would be highest with 38 and petrochemicals would be 14 projects.
While Bonga North, a key upstream production project during this period, would start operations with a total production capacity of 120,000 boed and a project cost of $1.9billion.
Midstream projects would constitute around 28% of all oil and gas projects in Nigeria during the period 2022–2026. NLNG Train 7 project is a key midstream LNG liquefaction project with a capacity of 7.60mtpa is expected to be built at a cost of $6.5billion”.
In its report, GlobalData revealed that the downstream and petrochemical projects together constitute about 48% of all upcoming oil and gas projects in Nigeria during 2022–2026.
While the 650mbd Lagos refinery is a key downstream project with a cost of $12billion, the Brass Fertilizer & Petrochemical Company Brass Methanol Plant during this period with a capacity of 1.70mtpa and costing $1.1billion.
The downstream (refineries) segment lead when it comes to total upcoming projects count during the period 2022–2026.It is followed by midstream segment with oil storage segment constituting 35% of all projects.
New build projects dominate the upcoming projects landscape in Nigeria constituting around 83%of the total projects across the value chain. The share of new build projects is especially high in the midstream sector with more than 90%.
In Nigeria, about 45% of the projects are in construction and commissioning stages and are more likely to commence operations during the outlook period. About 33%of the projects are in planning stages and the rest have been approved or awaiting approval.
For more detailed information about the NOG 2022 Conference and Exhibition, please visit the link below for details:
https://www.yumpu.com/en/document/view/67040301/the-energy-republic-july-edition-2022
