Market Report, "Nigeria Oil & Gas Report Q3 2012", Published
BMI View: With several projects in the pipeline or due to come onstream over the next few years, such as Usan (180,000b/d) and Egina (150,000b/d-200,000b/d), we expect Nigerian oil output to rise substantially over our forecast period to 2021. In addition, attempts to cut gas flaring will boost the outlook for gas production. Nevertheless, OPEC quotas, the risk of project delays and Nigeria's political environment, particularly vis-a-vis the PIB, still imply a significant amount of uncertainty.
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