Considerations for The Effective Regulation of the E&P Sector of the Nigerian Petroleum Industry

Field: Social Sciences (Social Sciences)

Considerations for The Effective Regulation of the E&P Sector of the Nigerian Petroleum Industry Obi Timothy Nwasike Obi Timothy Nwasike Shell Petroleum Development Company Search for other works by this author on: This Site Google Scholar Paper presented at the Nigerian Annual International Conference and Exhibition, Abuja, Nigeria, August 2000. Paper Number: SPE-66086-MS https://doi.org/10.2118/66086-MS Published: August 07 2000 Cite View This Citation Add to Citation Manager Share Icon Share Twitter LinkedIn Get Permissions Search Site Citation Nwasike, Obi Timothy. "Considerations for The Effective Regulation of the E&P Sector of the Nigerian Petroleum Industry." Paper presented at the Nigerian Annual International Conference and Exhibition, Abuja, Nigeria, August 2000. doi: https://doi.org/10.2118/66086-MS Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll ProceedingsSociety of Petroleum Engineers (SPE)SPE Nigeria Annual International Conference and Exhibition Search Advanced Search AbstractThe petroleum industry of Nigeria has a very long history. The management ofregulatory matters has not fared so well in the period. A discussion of theissues that could influence good regulatory practices is included in thistechnical paper. It is concluded that such factors as adequate and regular flowof fluids, appropriate skills, information technology and the use ofconsultants by regulatory agencies are pre-requisites that will ensure aneffective regulation of the petroleum sector of the Nigerian economy.IntroductionThe E&P sector of the Nigerian oil industry has been in existence fromas far back as the 1930's, adding value to the growth and development ofNigeria. In 1958, Nigeria's first export of oil was achieved by Shell d'Arcythe predecessor of Shell Petroleum Development Company of Nigeria Limited, theoperator of the joint venture in which NNPC, Shell, Elf and Agip are partners. From its first commercial discovery in Oloibiri in 1952, the scale of Shell's operations has grown to cover a massive infrastructure of some 6,000 km ofpipelines, more than 1,000 oil wells, 87 oil processing and pumping stations, seven non-associated gas plants and two large oil export terminals at Forcadosand Bonny.Nigeria's total reserves base has risen to over 25 million barrels of oiland 120 Tcf of gas, with significant volumes of condensate begin quantified byat least three operators.A comparison of this rapid pace of growth with the development of theregulatory framework shows that aspects of this latter aspect would appear notto have kept abreast with the changes and progress within the operator-shipsphere. Hence, over the years, it is clear that the degree of control andregulation that the statutory agencies achieve is potentially limited inquality and effectiveness.This paper examines the key issues and considerations that are necessary toachieve an effective regulation of the practices of operators in the E&P sector of the Nigerian Petroleum industry. A recommendation is included forconsideration by those who are in a position to influence existing agencies andguide them towards an improved performance.Hydrocarbon Resource Recovery ActivitiesThe process of finding, developing, producing and eventually abandoning theoil and gas field calls for a large number of steps and activities. Whilst manyof these steps are very specialist and technology driven, there are a largenumber which are not peculiar to the oil and gas industry. Keywords: upstream oil & gas, expertise, regulation, society of petroleum engineers, petroleum industry obi timothy nwasike, consultant, nigeria, information technology, regulatory practice, regulatory agency Subjects: Information Management and Systems This content is only available via PDF. 2000. Society of Petroleum Engineers, Nigerian Council You can access this article if you purchase or spend a download.