Current Realities in the Upstream Sector of the Nigerian Oil & Gas Industry

Current Realities in Nigeria; Niger-Delta Insecurity Renewed security situation in Niger Delta immediately after the last election; • Violence, Insurgency and security threats Pipeline Vandalization Illegal Oil Bunkering Kidnappings and Hostage Taking. • Proliferation of Illegal Refineries • Increase Oil & Gas production OPEX, risk and uncertainty. 5 SIMRAD AVY P301 Militants Illegal Refinery Joint Task Force NIGERIAN TION OF OCIATION PETROLEUMONIST Images: Today News.com ONL Degeconek

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