UKTI SUBSEA EXPO 2014 PRESENTATION_2013
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PARTNERSHIP OPPORTUNITIES IN THE NIGERIA OIL & GAS INDUSTRY SUBSEA EXPO 2014 BY IDOWU BABALOLA SENIOR TRADE DEVELOPMENT MANAGER UK TRADE & INVESTMENT NIGERIA February 2014 UNCLASSIFIED
Transcript of UKTI SUBSEA EXPO 2014 PRESENTATION_2013
PARTNERSHIP OPPORTUNITIES IN THE NIGERIA OIL & GAS INDUSTRY
SUBSEA EXPO 2014BY
IDOWU BABALOLASENIOR TRADE DEVELOPMENT MANAGER
UK TRADE & INVESTMENT NIGERIA
February 2014UNCLASSIFIED
NIGERIA : GEOGRAPHY
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NIGERIA: FACTS• A MINT country (Mexico, Indonesia, Nigeria, Turkey)
• Estimated 30th Economy in the world in 2012 based on GDP (PPP)
• Nigeria aims to be the biggest economy in Africa, and among the Top 20 in the world by 2020
• From 2011-2015 Nigeria is the 10th fastest growing economy at an average of 7%
• Population estimated at over 170 million and 2.3% growth rate (World Bank, 2011)
0-14 years: 41.5% 15-64 years: 55.5% 65 years and over: 3.1%
• Population predicted to be 225 million by 2030(Source: Next Generation Report, British Council/Harvard School of Public Health)
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INVESTMENT OPPORTUNITIES
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Oil & Gas
Agriculture
Energy
Aquaculture
Infrastructure
Commerce
Transport
Tourism
Construction
Education
Healthcare
SOKOTO
ZAMFARA Kano
KASTINA
JIGAWA
YOBEBORNO
KEBBI
NigerKADUNA
BAUCHIGombe
ADAMAWA
Plateau
ABUJA
KWARA
OYO
Kogi
NASARAWATARABA
BENUEEKITIOSUN
OgunOndo Edo
Enugu
EbonyiAnambra Cross River
AbiaImoDelta
Bayelsa Rivers Akwa-Ibom
Lagos
PARTNERSHIP OPPORTUNITIES
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IOC’S DIVESTMENT PROGRAMME FROM ON-SHORE ASSETS
PARTNERSHIP OPPORTUNITIES
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LOCAL CONTENT DEVELOPMENT & MARGINAL FIELDS BID ROUND OF 2013/2014
IOC’S DIVESTMENT PROGRAMME FROM ON-SHORE ASSETS
IOC’S MULTI-BILLION DOLLAR OFF-SHORE PROJECTS
• The Nigeria Local Content Development Act, 2010 effectively working in the industry
• 31 Marginal fields for sale. 16 located onshore, while 15 are in the continental shelf. The bidding process started: Dec 12, 2013, and in 6 stages.
UKTI SERVICES TO UK COMPANIES
SERVICES TO NIGERIAN COMPANIES
UKTI SERVICES
• Market, sector advice• Identification of possible business partners• Market entry support• Market Visit Support • Export Marketing Research Scheme;• Programme Arrangement Service
Through our Overseas Market Introduction Service (OMIS)• Through the ITA at the regional UKTI office in UK region,
please visit http://uktilocaloffice.thedriveris.com/ , or call the UKTI enquiry line on 020 7215 8000 .
• Through the UKTI overseas team, in Nigeria: E mail: [email protected] or call +234 1 2770780-2
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