- By OilGasArticles Editor
- Published 04/20/2007
- Business and Investment , Exploration and Discoveries , Offshore Drilling , Oil Field Development , Gulf of Mexico , Middle East Oil Field Development , North Sea Oil Field Development , West of Africa , Oil Gas Companies , Subsea Oil Production , Technology and Engineering
Nigeria is the largest oil producer in Africa and the tenth largest producer of crude oil in the world. In 2005, total Nigerian oil production, including lease condensates, natural gas liquids and refinery gain, averaged 2.6 million bbl/d (of which 2.4 million bbl/d was crude oil). With the help of new projects coming online, the Nigerian government hopes to increase oil production to 3 million bb/d in 2006 and 4 million bbl/d by 2010.