Webb Energy provides first class service in the oil and gas industry.

Hampton, Geotech U.K and paradigm Geophysical are companies that Webb Energy actively represents in Nigeria.

These companies derive synergies from each other, they are technologically based and to provide access to the most up-to-date technical software and personnel in the oil industry. Providing processing, interpretation, manpower and data storage techniques.

We are currently expanding our scope to include engineering and gas recovery companies to take advantage of the huge gas reserve. Nigeria is currently ranked amongst the top 5 countries in the world in terms of Gas reserves.

Also, a lot of Nigeria's new oil and gas discoveries are now in the deep offshore, which requires specialised engineering companies that have offshore E & P experience to bring production.Over the past couple of years, Africa has continued to see more and more investment in the Exploration and production sector due to the enormous new deep water discoveries that has taken place since the early "90's".

Some statistics put it to be more than any other oil producing region in the world. (IHS energy group's world petroleum trends) Report, Aug.2002 estimates put it at 2Bbbl). West Africa is the next frontier for business i.e Oil Industry investments. Angola and Nigeria have shown great potentials in taking the lead in these new discoveries.

Statistics show that between 2002 and 2006 there have been 168 field prospects intended for production or to actually come unstream. Reserves of these 168 fields has been put at 18bboc. With such large potential of oil volumes in this region, this region is definately more than ripe for a lot of service companies and process companies. With a spend in the region of $10B US to spend on development cost.




Value $M 2001 2002 2003 2004 2005 01-05
Asia Pacific 185 337 543 337 415 1817
Brazil 2024 3093 2029 1843 3322 12310
Gulf of Mexico 1544 2759 2947 3426 3577 14253
Mediterranean 0 0 30 193 505 728
NW Europe 0 11 52 38 113 214
West Africa 1878 110 2671 2343 2736 10728
Total $M 5630 7299 8272 8180 10662 40050

Data Source

The World deepwater report(November 2001)
Douglas Westwood Limited


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Lagos - Nigeria.


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