Gulf of Guinea Commission and the Developmental Prospects for the Region’s Petroleum Industry

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					Gulf of Guinea Commission and the
Developmental Prospects for the
Region’s Petroleum Industry
                                                                                Reference Code: GDGE0571VPT
                                                                                Publication Date: JUL 2008




Energy Viewpoint                                                              GDGE0571VPT / Published JUL 2008
© GlobalData. This brief is a licensed product and is not to be photocopied                              Page 1
Table of Contents



1           Table of Contents

1      Table of Contents                                                                                     2

1.1       List of Figures                                                                                    4


2      GlobalData View Point                                                                                 5

2.1       Summary                                                                                            5


3 Gulf of Guinea Commission and the Developmental Prospects for the Region’s
Petroleum Industry                                                           6

3.1       Gulf of Guinea, Overview                                                                           6

3.2       Gulf of Guinea: Current Scenario                                                                   8

3.3    Gulf of Guinea Commission: Background                                                                 9
  3.3.1    Gulf of Guinea Commission: Objectives                                                             9

3.4       Conclusion                                                                                        10


4      Recent Developments                                                                                 11

4.1    License Rounds                                                                                       11
  4.1.1    Mar 13, 2008: Sao Tome, Nigeria To Relaunch Licensing Round For Oil Blocks                       11
  4.1.2    May 07, 2008: Angola Prequalifies 40 Oil Companies Under New Licensing Round                     11

4.2    License Awards                                                                                       12
  4.2.1    Jun 12, 2008: NNPC To Take Over Shell's Ogoni License                                            12
  4.2.2    Feb 27, 2008: Nexen Receives Approval For Usan Field, Offshore Nigeria                           13
  4.2.3    Nov 14, 2006: Statoil Signs PSA For Angola                                                       13

4.3    Strategy and Business Expansion                                                                      13
  4.3.1    Mar 17, 2008: Shell Agrees To Increase Oil Output In Nigeria                                     13
  4.3.2    May 21, 2007: Total Announces Two New Oil Discoveries In Angola                       
				
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Description: Gulf of Guinea Commission and the Developmental Prospects for the Region’s Petroleum Industry Summary The predominant oil rich countries sharing the Gulf of Guinea are Nigeria, Equatorial Guinea, Gabon, and Angola. The region has been one of the key oil producing offshore regions in the African continent. Scope • GlobalData viewpoints cover the latest events or important trends in the global oil and gas industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalData’s views of various developments that have been taking place in the oil and gas industry across the world. Reasons to Buy • Develop business strategies with the help of specific insights from GlobalData on the key events happening in the oil and gas industry. • Gain a strong understanding of the energy market and analyze the major trends in the global oil and gas industry today • Identify opportunities and challenges with the help of our analysis of the latest news and deals in the oil and gas industry • Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events
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