Nigerian Marginal Oil and Gas Field Development: A collaborative perspective

Abstract

In spite of the potential of marginal oil and gas fields to increase the level of petroleum production in Nigeria, very few indigenous producers have made appreciable progress. The envisaged development of indigenous technological capabilities has also not been realised. This study examines the capability building linkages among the relevant actors in the sector. Primary data was gathered by questionnaire administration on a sample of 120 lecturers in oil and gas related disciplines in Federal and State universities across Nigeria, 150 staff from indigenous oil and gas firms, 42 credit analysts in 21 commercial banks and 20 members of staff in relevant government agencies. The survey shows that collaboration between the oil and gas firms with Financial Institutions (2.50), Government Agencies (2.43) and Universities (2.31) was low. Regression analysis revealed that engaging academic staff in Consultancy, Student internships and industry sponsored conferences may improve linkages with academia. The study further shows that project financing credit, invoice discounting facilities and bank guarantees may enhance linkages with financial institutions while Government financial support for technology innovation and training, policy directed towards marginal field development and R&D funding may facilitate linkages with government agencies. The study concludes with a framework that may foster sustainable collaboration among stakeholders in the sector.