Friday, September 18, 2015

Opportunity for Success - Oil and Gas Operations in Nigeria

Headquartered in Canada with offices in Nigeria and the United Kingdom, Ambit Energy Corporation works to capitalize on oil and gas exploration and production opportunities along Nigeria’s Niger Delta Basin. Ambit Energy Corporation’s strategic corporate structure and targeted exploration and production efforts are designed to provide reliable returns for company shareholders.

There are a number of advantages to investing in oil and gas in Nigeria due to the country’s physical and financial characteristics. For example, a recent Statistical Review of World Energy report from BP indicates that the country is among Africa’s top producers of both oil and gas. The report further stated that Nigeria contains the second-greatest oil reserves and the most significant gas reserves in Africa. Along with these strong performance indicators, data shows that Nigeria yields $40 billion in upstream investment on average each year and currently maintains status as the world’s 12th-biggest oil producing nation.

Experts also note that investors benefit from Nigeria’s favorable oil extraction costs. In the Niger Delta, the Unit Technical Cost of extraction is often $30 less per barrel than in the North Sea region. Despite the currently low price-per-barrel for oil, extraction and production operations in Nigeria still offer positive profit margins that can be beneficial for investors.                            

No comments:

Post a Comment