Shell: Nigerian oil and gas production is falling
Crude oil and gas production in Nigeria has fallen by around 30% over the past five years, following a slowdown in exploration and production activity in the country, says Ann Pickard, Shell’s regional executive vice-president of exploration and production in Africa.
"Nigeria's oil and gas production has not only failed to grow, it has fallen every year since 2005," says Pickard. "Investment in the industry has stalled. Final investment decisions are not being taken in deep water and, unlike Australia, no new liquefied natural gas (LNG) projects have been approved onshore. As a result, other countries are catching up with Nigeria fast."
In 2009 Nigerian crude oil production fell to 1.82 million barrels per day from 1.94 million b/d, according to the US
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