Oil and gas business plan

However, with the right resources it does not have to be a tedious or frustrating chore.

Step By Step Guide 1. We covered over 35 of them in a previous article, and choosing the right match for your business is critical to your success. But most people who want to get into the oil and gas business have little to no cash to startup, and so, are left with no choice but to look elsewhere.

If you want to venture into the oil and gas industry in Nigeria, the first step is to start out as a commodity broker. You could broker transactions between a crude oil buyer and seller, Gas Oil AGO buyer and seller, and much more. By choosing the oil brokerage route first, you can venture into the oil and gas business and still earn high margins.

It is difficult for international buyers to trust a trading company that is not registered. You need to organise yourself properly by first registering with the CAC, registering with the FIRS, registering with any required oil and gas agency, setting up a website, getting an office preferably a co-working hub or work from homeand much more.

Lastly, you need to hire great marketers to source international and local buyers for your oil and gas company in Nigeria. These marketers should not be required to visit the office daily, but should mostly work with commissions that would ensure they make so much if they can close a deal for your company.

That aside, you can market your services online on social media, contact international export councils, register on online platforms like Alibaba, and much more. The more deals you can close, the easier it will be for you to build a recognised, successful, and reputable oil and gas business.

Low consumer purchasing power.

Sample Business Plan PowerPoint - Oil & Gas by Wanda Halpert - Issuu

Poorly managed supply chain. Lack of experience causes sellers to either purchase the wrong specifications, underprice or overprice their products, and much more. Fake buyers wasting exporters time with fake inquiries.

Most prospective entrepreneurs have little to no access to finance for their projects. Your time could be wasted as a result of long-term conversations with oil buyers who have no real money to pay or oil sellers who have no means to supply.

The large pool of fraudsters posing as oil and gas sellers makes it difficult for buyers to trust you.

Starting an Oil and Gas Company – Sample Business Plan Template

Conclusion The oil and gas business in Nigeria is a Lucrative and profitable venture, due to its vast market demands, oil prices, and a wide supply chain network. What are your thoughts on how to start a lucrative oil and gas company in Nigeria or Africa? Let me know by leaving a comment below.What is the Oil Industry?

(with pictures) - wiseGEEK. Do you want to start an oil and gas company from scratch? Or you need a sample oil and gas business plan template?

If YES, then i advice you read on. Lincoln Oil & Gas Pte. Limited, The companies management has the vision and expertise to take an project through to completion. Lincoln Oil and Gas seeks to enhance value withing all our projects and deliver these values back to our stakeholders.

Oil and gas production is serious business, so you need to invest lots of money, time, and effort to succeed in the long term. This article explains some basic concepts in the oil and gas industry as well the steps involved in starting an oil and gas company.

Whitewater Oil Gas & Minerals Inc. is a business, and to that end its mission is to grow and expand while, at the same time, awarding its investors the greatest return possible.

General Oil and Gas has proven and probable oil reserves with a net present value of $ million at a 10% discount.

Initial production can begin in about 2 months post financing for immediate.