The Oil and Gas sector includes the oil and gas extraction industry as well as petroleum refining. Nigeria is one of the world’s largest petroleum producer, with many producing wells and oil and natural gas platforms. Together, oil and gas supply large percent of energy in the country. The nation’s refineries process million barrels of crude oil every day. Oil and gas production facilities include establishments with a value of shipments worth billions of dollars..
Industries in the oil and gas extraction industry operate and/or develop oil and gas field properties. Such activities may include exploration for crude petroleum and natural gas; drilling, completing, and equipping wells; operating separators, emulsion breakers, desilting equipment, and field gathering lines for crude petroleum and natural gas; and all other activities in the preparation of oil and gas up to the point of shipment from the producing property.
The petroleum refining industry comprises establishments primarily engaged in refining crude petroleum into refined petroleum. Petroleum refining involves one or more of the following activities: fractionation; straight distillation of crude oil; and cracking.