ENERGY RESOURCES

Down Stream Sector (Marketing, Storage, Distribution, Transport, Refining) Business Opportunities :

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1. Technical Partnership,

2. Field Development Contractor Financing,

3. Non-operating equity investments,

4. Gas utilization,

5. Refineries maintenance,

6. Pipeline/ Depots construction and maintenance,

7. Petroleum Products haulage,

8. Petroleum products marketing,

9. Petrochemicals,

10.Gas Development/conversion,

11. Brokerage services

Business opportunities in the Upstream Nigerian Oil & Gas Industry

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Drilling Products and Services :

1. Land Drilling Rigs, Swamp Drilling Rigs, Petroleum engineering & Consultancy Services,

2. Offshore Drilling Rigs (jack-ups, semi- submersible rigs, submersible rigs etc),

3. Offshore Rig Towing Services, Rig Move/Positioning Services,

4. Drilling Mud , Chemicals, Mud Logging & Mud Logging Services,

5. Drilling site preparation, Well Control & Blow-out Prevention,

6. Under-water Inspection, Sand Control, Fish & Fishing Tools,

7. Dry-dock facilities for offshore supply vessels, tugboats, & offshore rigs,

8. Measurement while drilling (MWD) & Logging while Drilling (LWD) Services,

9. Casing & High Pressure Pumping ,Tubing Services ,Tools & Cased-Hole Electrical Logging,

10. Directional Drilling & Survey as well as Drilling & Workover,

Surface & Bottom Hole Sampling & Tubing Conveyed Perforation ( TCP),

Fluid Filtration, Solid Control and Laboratory & Pilling Services as well as PVT Analysis,

11. Mechanical Wireline Services and Petrophysical & Reservoir Data Services,

Coil Tubing & Electrical Line and Production Logging,

12. Oil field waste management, Jetty and shore support services and Rigless Workover Services,

13. Well Production Testing, Wellhead Maintenance & Well Completion Services,

Supply of drilling materials and equipment (drill bits, drill pipes, drill collars, cone bits etc).

Production Support Services :

1. Wireline Services & Pipeline Laying/ Inspection,

2. Production Chemical Supplies & Management,

3. Engineering Design, Procurement/Construction of production facilities,

4. Corrosion Engineering & Environmental Engineering Services,

5. Blow Out Central Services & Flow Line Construction,

6. Oil Expand Terminal Design and Construction & Crude Oil Lifting,

7. Fire Fighting system Design and installation & 2/3 Phase Meter Supplies,

Supply & Maintenance of Safety Equipment,

8. Gas Valve Supplies & Installation.

Reservoir Engineering :

1. Consultancy Services,

2. Simulation,

3. Economic Analysis,

4. Complete Field Study.

PETROLEUM PRODUCT TERMS

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LPG - LIQUIFIED PETROLEUM(LPG) This is a domestic and industrial source of energy supply. They are usually called propane and butane.

DPK - (DPK or HHK) Dual purpose kerosene is ''DPK'',When used for household purposes and it is calledHHK.When used as aviation fuel,it is called ATK

AGO - AUTOMATIC GAS OIL - DIESEL

ATK = VIATION TURBINE KEROSINE (ATK) Fuel used in aircraft.

HPFO = HIGH-POUR FUEL OIL (HPFO) Used for firing large industrial boilers, furnaces, kilns, ovens etc.

(LpFO)=LOW SULPHUR FUEL OIL- Black oil used for refinining and firing boilers

(LOBP)LUBRICANT OIL BLENDING PLANT = General description of plant or facility where different grades of lubricant oils are produced by blending quantities of base oils with various additives.

PMS - PREMIUM MOTOR SPIRIT (PMS) OR PETROL This is used in automotive engines and light industrial plants.

LIST OF NIGERIAN OPERATORS - OIL & GAS INDUSTRY

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ADDAX PETROLEUM :

* ADDAX PETROLEUM DEVELOPMENT NIGERIA LTD.,
* ADDAX PETROLEUM EXPLORATION NIGERIA LTD.,
* ADDAX OIL AND GAS NIGERIA LTD.

CHEVRON :

* CHEVRON NIGERIA LTD. - CNL,
* CHEVRONTEXACO,
* TEXACO OVERSEAS NIGERIA PETROLEUM COMPANY ULTD. - TOPCON,
* STAR DEEP WATER PETROLEUM LTD,
* TEXACO NIGERIA OUTER SHELF,
* CHEVRONTEXACO NIGERIA DEEPWATER ‘E’ LTD.,
* CHEVRONTEXACO NIGERIA DEEPWATER ‘A’ LTD.

ENI-AGIP :

* NIGERIAN AGIP OIL COMPANY LTD. - NAOC,
* NIGERIAN AGIP ENERGY - NAE,
* NIGERIAN AGIP EXPLORATION.

EXXONMOBIL :

* MOBIL PRODUCING NIGERIA ULTD. - MPNU,
* ESSO EXPLORATION and PRODUCTION NIGERIA LTD. - EEPN,
* ESSO EXPLORATION and PRODUCTION NIGERIA DEEPWATER WEST.

SHELL :

* SHELL PETROLEUM DEVELOPMENT COMPANY OF NIGERIA LTD. - SPDC,
* SHELL NIGERIA EXPLORATION and PRODUCTION COMPANY LTD. - SNEPCO,
* SHELL NIGERIA ULTRA DEEP,
* SHELL NIGERIA EXPLORATION PROPERTIES ALPHA LTD.

TOTAL :

* ELF PETROLEUM NIGERIA LTD. - EPNL,
* TOTAL UPSTREAM NIGERIA LTD.

INDEPENDANTS and LOCAL OPERATORS :

* ALLIED ENERGY RESOURCES NIGERIA LTD - CAMAC
* AMNI INTERNATIONAL PETROLEUM DEVELOPMENT COMPANY LTD - AMNI
* CAVENDISH PETROLEUM NIGERIA LTD
* CHINA NATIONAL OFFSHORE OIL CORPORATION - CNOOC
* CHINA NATIONAL PETROLEUM CORPORATION - CNPC
* CONOCO ENERGY NIGERIA LTD - CENL
* CONOCO EXPLORATION AND PRODUCTION NIGERIA LTD - CEPNL
* CONOIL PRODUCING LTD
* DUBRI OIL COMPANY LTD
* EMERALD ENERGY RESOURCES LTD
* EXPRESS PETROLEUM AND GAS COMPANY LIMITED
* KNOC Nigerian East Oil Company Limited - KOREA NATIONAL OIL COMPANY
* KNOC Nigerian West Oil Company Limited - KOREA NATIONAL OIL COMPANY
* MONI PULO LTD - MPL
* NIGER DELTA PETROLEUM RESOURCES LTD
* NIGERIAN NATIONAL PETROLEUM CORPORATION - NNPC
* NIGERIAN PETROLEUM DEVELOPMENT COMPANY LTD - NPDC
* NOREAST PETROLEUM NIGERIA LTD
* OCEAN ENERGY NIGERIA INC. - DEVON
* OIL AND NATURAL GAS CORPORATION LIMITED MITTAL ENERGY - ONGC MITTAL ENERGY
* OIL AND NATURAL GAS CORPORATION LIMITED VIDESH - ONGC VIDESH
* ORANTO ATLAS PETROLEUM INTERNATIONAL LTD
* ORIENTAL ENERGY RESOURCES LTD
* PAN OCEAN OIL CORPORATION NIGERIA LTD - PANOCO
* PEAK PETROLEUM INDUSTRIES NIGERIA LTD
* PETROLEO BRASILEIRO NIGERIA LTD. - PETROBRAS
* STATOIL NIGERIA LTD
* SUMMIT OIL INTERNATIONAL LTD
* SUNLINK PETROLEUM LTD
* YINKA FOLAWIYO PETROLEUM COMPANY LTD

MARGINAL FIELDS OPERATORS :

* AFREN
* AFRICAN OIL AND GAS
* ANGUS ENERGY (USA)
* ASSOCIATED OIL AND GAS SERVICES LTD.
* BAYELSA OIL CORPORATION
* BICTA ENERGY AND MANAGEMENT SYSTEM LTD.
* BRITANIA-U NIGERIA LTD.
* CHORUS ENERGY LTD.
* DEL-SIGMA PETROLEUM NIG. LTD.
* ENERGIA COMPANY LTD.
* EURAFRIC ENERGY LTD.
* EXCEL EXPLORATION AND PRODUCTION SERVICES
* EXILE
* FRONTIER OIL LTD.
* GEO ENERGY
* GOLAND PETROLEUM DEVELOPMENT CORPORATION LTD.
* GUARANTEE PETROLEUM CORPORATION
* HARDY OIL NIGERIA LTD
* INDEPENDENT ENERGY
* MART RESOURCES
* MIDWESTERN OIL AND GAS CORPORATION
* MILLENIUM OIL AND GAS LTD.
* MORRIS PETROLEUM LTD.
* MOVIDO E AND P
* NETWORK E AND P
* OANDO PLC
* OWENA OIL AND GAS LTD.
* PILLAR OIL LTD.
* PLATFORM PETROLEUM CORPORATION LTD.
* PRIME ENERGY RESOURCES LTD.
* SAHARA ENERGY FIELD LTD.
* SOGENAL LTD.
* SUFFOLK PETROLEUM SERVICES LTD.
* SUNTRUST
* UNIVERSAL ENERGY RESOURCES LTD.
* WALTER SMITH PETROMAN OIL LTD.

Nigeria Licensing Rounds 2005, 2006 and 2007 - Operators and Partners :

* ALBRIGHT WAVES PETROLEUM DEVELOPMENT LTD.
* ALLIANCE OIL PRODUCING NIGERIA LTD.
* AMEXP ENERGY LTD.
* ASK PETROLEUM CORPORATION LTD.
* BEEMA ENERGY
* BIDBET PETROLEUM LTD.
* BONRIVE ENERGY SERVICES LTD.
* BULLION-GOLAND JV
* CANTTERBURY
* CHINIG PARTNERSHIP GLOBAL SERVICES LTD.
* CHROME
* CHROME OIL SERVICES
* CLEAN WATERS REFINERY LTD.
* CONOIL
* CONTINENTAL OIL and GAS
* COSY ENERGY LTD.
* CRYSTAL PHILIPS and ENIGMA OIL SERVICES
* D-12 PETROLEUM LTD.
* DEETEN OIL and GAS LTD.
* DELTA OIL
* DEROCK
* DOMON OIL SERVICES Consortium
* EASTERN PETROLEUM CORPORATION
* EMO EXPLORATION and PRODUCTION LTD
* ENERGEM PETROLEUM CORPORATION
* ENERGULF
* ENERGY PIONEER EP
* EQUATOR EXPLORATION
* ETHIOPE POWER
* FEZOL
* FIRST AXIS OIL and GAS LTD.
* FOI ENERGY
* FOUR ENERGY LTD.
* GAS TRANSMISSION and POWER LTD.
* GRADAV PTY
* GRASSO NIGERIA LTD.
* HEPCO LTD.
* HUDSON PETROLEUM LTD
* ICON OIL and GAS
* IDEAL OIL and GAS
* INLAKS PETROLEUM RESOURCES
* INTEROIL
* JAIZ ENERGY
* JEVKON OIL and GAS LTD
* MAGELLAND MAHOGANY OIL and GAS LTD.
* MAINE OIL and GAS
* MUSTANG
* NEO ENERGY LTD
* NEW TIGERHEAD PSTI LTD.
* NGSS OIL and GAS LTD.
* NJ EXPLORATION SERVICES
* NORTHERN NIGERIA DEVELOPMENT CORPORATION
* OBAT-PETROLOG
* OILWORLD NIGERIA LTD.
* OPHIR
* OPSL ENERGY LTD.
* OSYKA CORP
* PASADENA
* PRIMETIME INTERNATIONAL ENERGY SERVICES LTD.
* RAYFLOSH PETROLEUM LTD
* REFINEE PETROPLUS CONSORTIUM
* RIVGAS PETROLEUM
* SAPELE PET
* SAPID PETROLEUM
* SIKA PETROLEUM LTD.
* SONEMA ENERGY LTD.
* SPECIALTY DRILLING FLUIDS LTD.
* STARCREST
* SUN TRUST
* TALEVERAS – MTM PETROLEUM SPV
* TEAM TRADING REFINING LTD.
* TECHNICAL SYSTEM ENGINEERING LTD.
* TRANSGULF
* TRIAN ENERGY
* TULIP ENERGY RESOURCES NIGERIA LTD.
* UNION ATLANTIC PET
* VIDEOCON
* VIVA METHANOL
* VP ENERGY LTD.
* WESTAFRICAN BITUMEN EMULSION CORPORATION LTD.
* WINOVER OIL and GAS LTD.
* XL ATLANTIC EXPLORATION and PRODUCTION
* ZENONJOVIS OIL and GAS LTD.
* ZERIMA PETROLEUM LTD.

Nigeria / Sao Tome and Principe Joint Development Zone Operators :

* A. AND HARMATTAN
* ANADARKO
* BROADLINK
* CHINA NATIONAL PETROCHEMICAL CORPORATION - SINOPEC
* DANGOTE EQUITY ENERGY RESOURCES
* DNO
* EQUINOX
* EQUITY ENERGY RESOURCES
* ERHC Energy
* FILTHIM-HUZOD OIL AND GAS
* FOBY ENGINEERING
* FUSION
* GODSONIC OIL and GAS
* HERCULES OIL - CENTURION
* INTERNATIONAL COMMERCE AND COMMUNICATIONS- ICC
* MOMO OIL and GAS
* OIL EXPLORATION CONSORTIUM - OEC
* OVERT OIL

OUR COMPANY

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BEA RESOURCES is a Nigeria - based international commodities trading Brokerage firm dealing with Crude Oil and other petroleum derivatives. The company operate both in the Upstream and downstream sector of the economy acting as a major linkage between over 750 active independent oil marketing company in Nigeria, and major Refineries abroad.
We deal internationally by serving as an intermediary between importer (a buyer) and exporter (a seller) across the suplly chain. Our primary objective is to facilitate deals between refineries, companies, and High Networth Individuals (HNI)
BEA resources was founded in 2006 by a team of top noutch individuals in the financial sector of the Economy, with sound working knowledge of Internatioal crude oil deals.
Our idea is to eradicate bottle necks in processing Financial documents, (BG, BCL, LC etc) and give 100% assurance of smooth deals to our clients.
our vision is to cause a seemless transaction and establish a long working relationships with our clients by professionally closing deals in a fast and effeicient way without any delay.

WHY DO BUSINESS WITH US?

BEA has over 252 companies in Port Harcourt, 86 in Lagos and 159 in abuja, we have 6 refineries abroad we presently work with,
We sound relationship with over 254 DPR licenced oil companies
We have a long term relationship with 6 oil Refineries Abroad, and 15 oil major oil bokers across the Globe.
We assist clients in financing Oil deals whereever applicable on negotiation basis.
we welcome you to Business Possibilities

TEL: +234-018255158, 08027180715
EMAIL: Bearesources@gmail.com

Nigeria Oil & Gas Industry

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THE INDUSTRY
Nigeria has a population of over 110 million people and an abundance of natural resources, especially hydrocarbons. It is the 10th largest oil producer in the world, the third largest in Africa and the most prolific oil producer in Sub-Saharan Africa. The Nigerian economy is largely dependent on its oil sector which supplies 95% of its foreign exchange earnings.
The upstream oil industry is the single most important sector in the economy. According to the 2008 BP Statistical Energy Survey, Nigeria had proved oil reserves of 36.22 billion barrels at the end of 2007 or 2.92 % of the world's reserves. The Nigerian government plans to expand its proven reserves to 40 billion barrels by 2010. Most of this is produced from the prolific Niger River Delta. Despite problems associated with ethnic unrest, border disputes and government funding, Nigeria’s wealth of oil makes it most attractive to the major oil-multinationals, most of whom are represented in Nigeria, with the major foreign stakeholder being Shell. Nigeria produced an average of 2355.8 thousand barrels of crude oil per day in 2007, 2.92% of the world total and a change of -4.8 % compared to 2006.
According to the 2008 BP Statistical Energy Survey, Nigeria had 2007 proved natural gas reserves of 5.29 trillion cubic metres, 2.98% of the world total. Due, mainly, to the lack of a gas infrastructure, 75% of associated gas is flared and 12% re-injected. Nigeria has set a target of zero flare by 2010 and is providing incentives for the production and use of gas. The government also plans to raise earnings from natural gas exports to 50 percent of oil revenues by 2010. It has been reported in the 2008 BP Statistical Energy Survey that Nigeria had 2007 natural gas production of 34.97 billion cubic metres, 1.18% of the world total.
Nigeria's downstream oil industry is also a key sector including four refineries with a nameplate capacity of 438,750 bbl/d.

Nigeria has a robust petrochemicals industry based on its substantial refining capacity and natural gas resources. The petrochemical industry is focussed around the three centres of Kaduna, Warri and Eleme.
Until 1960, government participation in the oil industry was limited to the regulation and administration of fiscal policies. In 1971, Nigeria joined OPEC and in line with OPEC resolutions, the Nigerian National Oil Corporation (NNOC) was established, later becoming NNPC in 1977. This giant parastatal, with all its subsidiary companies, controls and dominates all sectors of the oil industry, both upstream and downstream.
In April 2000, the Nigerian government set up a new committee on oil and gas reform to deal with the deregulation and privatisation of NNPC. Seven subsidiaries of NNPC are due to be sold including the three refineries, the Eleme Petrochemicals Company Ltd, the Nigerian Petroleum Development Company and the partially owned oil marketing firm, Hyson Nigeria Ltd.
Nigeria is a member of OPEC and is its 12th largest producer. The former Secretary-General of OPEC, Dr Rilwanu Lukman, is a Nigerian national and Petroleum Advisor to the President.
The petroleum industry in Nigeria is regulated by the Ministry of Petroleum Resources. The government retains close control over the industry and the activities of the NNPC, whose senior executives are appointed by the ruling government.
Upstream
The upstream oil industry is the single most important sector in the country's economy, providing over 90% of its total exports.
Oil is produced from five of Nigeria’s seven sedimentary basins: the Niger Delta, Anambra, Benue Trough, Chad, and Benin. The Niger Delta, the Onshore and Shallow Offshore basins can be considered fairly well to well explored. Ventures here are low risk and the basins contain about 80% of producing wells drilled in Nigeria. During the later 1990s exploration focus turned to high risk ventures in the frontier basins of the deep water offshore with encouraging success. These ventures are becoming increasingly attractive with developments in deepwater exploration and production technology.
Nigeria is a member of OPEC. Its crude oils have a gravity between 21·API and 45·API. Its main export crudes are Bonny Light (37·) and Forcados (31·). About 65% of Nigeria’s oil is above 35·API with a very low sulphur content. Nigeria’s OPEC quota is 1.89 million bbl/d.
Downstream
The downstream oil industry in Nigeria is another key sector in the country's economy. The country has four oil refineries and There are eight oil companies and 750 independents all active in the marketing petroleum products. Cross-border smuggling is an ongoing problem and there are frequent reports of large scale corruption in the distribution and marketing chain. The government through its 100% state-owned national oil company, Nigerian National Petroleum Corporation (NNPC) has had an all encompassing control over the industry through its shareholding in all the companies involved and in the setting of wholesale and retail prices.