Feb 26, 2013
Gas pipeline construction in Nigeria The Nigerian gas company limited a subsidiary of Nigeria national Petroleum Company has limited expression of interest for engineering, procurement and construction of various gas pipeline systems.
Feb. 26, 2013
BRASS LNG PREQUALIFICATION STARTS Brass LNG Ltd, a joint venture of NNPC/CONOPHLLIP/ENI/TOTAL has invited interested experienced Environmental Monitoring Contractors and Consortium to prequalify for Enviromental Monitoring Service Contract for the proposed LNG

The History
The history of oil exploration Nigeria dates back to 1908, when a German entity, the Nigerian bitumen corporation commenced exploration activities in araromi area, of Ondo state, Nigeria. These pioneering efforts which ended abrupt with the outbreak of the First World War in 1946 yielded some of boreholes and confirmed a line of oil spillage in eastern Dahomey Basin in Okitipua Ondo State.

Oil prospecting effort resumed in 1973, when shell D’Archy (the forerunner of shell Petroleum Development Company of Nigeria) was awarded the sole concessionary rights covering the whole territory of Nigeria. it’s activities were also interrupted by the second world war, but resumed in 1974. Concerted effort after several years led to the first discovery in Oloibiri, Bayelsa State.

This discovery opened up the oil industry in 1961 bringing in Mobil, Agip, and Safrap, (Elf), Tenneco and Amoseas (Texaco and Chevron respectively) to join the exploration efforts both in the onshore and areas of Nigeria. This development was enhanced by the extension of the concessionary rights previously a monopoly of Shell, to the newcomers. The objective of the government in doing this, was to the pace of exploration and production of Petroleum. Even now more companies, both foreign and indigenous have won concessionary rights and are producing.

Actual oil production and export from the Oloibiri field in present day Bayelsa State commenced in 1958 with an initial production rate of 5,100 barrels of crude oil per day. Subsequently, the quantity doubled the following year and progressively as more players came onto the oil scene, the production rose to 2.0 million barrels per day in 1972 and a peaking at 2.4 million barrels per day in 1979. Nigeria thereafter, attained the status of a major oil producer, ranking 7th in the world in 1972, and has since grown to become the sixth largest oil producing country in the world.

Production of oil in commercial quantity commenced in 1958 at 5,000 barrels per day (bpd) and reached 17,000 barrels p/d on 1960.At that time , the multinational oil companies operating in the country bore the risk and cost of exploration, development, production and acquired title to all crude oil produced. They also paid rent, royalty and taxes from the operations.

Prior to 1963, the interest of federal government in oil industry activities was handed on departmental basis by the Hydrocarbon section, the Department of Petroleum Resources and Nigeria Petroleum Refining Company (NPRC) which were under the Federal Ministry of Mine and Power (FMMP).

Nigeria had attained a production level of over 2 million barrels of crude oil a day. Although production figures dropped in the eighties due to economic slump, 2004 saw a total rejuvenation of oil production to a record level of 2.5 million barrels per day. Current development strategies are aimed at increasing production to 4million barrels per day by the year 2010.