Long to-do list in Nigeria
NNPC has expansion plans for its lucrative upstream, and hopes to stem losses in the downstream, as the company awaits major restructuring
The Nigerian National Petroleum Company (NNPC) is clearly focused on reducing the country's vulnerability to supply disruptions in the Niger Delta and increasing its crude oil reserve base. Over the past year, despite problems with the terrorist group, Boko Haram, NNPC has invested significantly in exploration in the Chad basin. During the most recent seismic expedition there, however, the exploration team and their security detail were attacked by Boko Haram fighters. Following that incident, NNPC has shifted its exploration efforts to five other Niger Delta basins: Anambra, Benue Trough, Benin, Sokoto and Bida. The likelihood of success in those basins is lower than that in the Chad basin,
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
