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NIGERIASUBSEA UK EXPO 2015
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Nigeria: Country Facts
• A MINT country (Mexico, Indonesia, Nigeria, Turkey)
• Nigeria is the biggest economy in Africa, 26th in the World and aiming to be 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)
• Population predicted to be 225 million by 2030(Source: Next Generation Report, British Council/Harvard School of Public Health)
• 95% of Nigeria’s Foreign Exchange earnings is from Oil & Gas
• Current risks: Elections, Boko Haram, Niger Delta, PIB, Ebola etc
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Major opportunities in the Oil & Gas sector
UK Trade & Investment
UK Trade & Investment
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IOC’s Divestment from on-shore assets
UK Trade & Investment
UK Trade & Investment
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31 Marginal fields bid round.
UK Trade & Investment
UK Trade & Investment
Nn
AOGR
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SHELL’s BONGA SW Project
• Reputed to be world’s largest FPSO unit, and is expected to have an
oil storage capacity of approximately 2.5 million barrels
• An oil offloading terminal and
• Subsea production systems
• The FPSO will have topsides modules with a gross dry weight of
35,000 to 40,000 tonnes.
• Production: 225,000 barrels per day.
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TOTAL’s EGINA Project.
• An FPSO unit, measuring approximately 330m in length, 61m in
width and 33.5m in depth, and is expected to have an oil storage
capacity of approximately 2.3 million barrels.
• An oil offloading terminal and
• Subsea production systems
• The FPSO will have topsides modules with a gross dry weight of
34,000t.
• Production: 200,000 barrels per day.
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UKTI Services
• Market and economic sector advice
• Identification of possible business partners
• Market entry support
• Market Visit Support
• Programme Arrangement Service
Commissioned 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 .
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UK Export Finance (UKEF) – Overview
UK Export Finance supports exporters and investors by:
• insuring UK exporters against non-payment by their overseas buyers;
• helping overseas buyers to purchase goods and/or services from UK
exporters by guaranteeing bank loans to finance those purchases;
• sharing credit risks with banks in order to assist exporters in the raising of
tender and contract bonds, in accessing pre- and post-shipment working
capital finance and in securing confirmations of letters of credit
SUCCESS STORY:
Marine Platforms Ltd transaction with a UK manufacturers to acquire ROV’s
installed on its new sub-sea support vessel “The African Inspiration” here in
Aberdeen in January/February 2015
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Idowu Babalola
Senior Trade Development Manager
UK Trade & Investment
British Deputy High Commission
11, Walter Carrington Crescent
Victoria Island
Lagos
Nigeria
Tel: +234 812 810 8655
E mail: [email protected] [email protected]
UK Trade & Investment
UK Trade & Investment
Contact Details
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Sue Whitbread
UKTI Business Specialist for Oil & Gas in Nigeria
High Value Opportunities (HVO) Project
Tel: 075 5707 6032
E mail: [email protected]
UK Trade & Investment
UK Trade & Investment
Contact Details
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THANK YOU !!!UK Trade & Investment
UK Trade & Investment
