Distress ahead in the Nigerian delta?
Far from hitting a 2.2m b/d output target this year, Nigeria’s entire onshore production is now at risk
VIOLENCE in the Niger delta, including attacks on pipelines and destruction of other infrastructure has cost Nigeria its place as Africa's largest oil producer and pushed output to a 20-year low just as the country needed income. It is losing a prime opportunity to capitalise on its significant resources. Emmanuel Ibe Kachikwu, Nigeria's oil minister, told Petroleum Economist recently that he would use "consultation and negotiation to handle oil vandalism", rather than force. But the army could intervene, with the potential to make the problem worse. "The long-term solution to the problems in the Niger delta is continuous engagement and detailed participation of individuals, including myself
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks