“A Sea of Troubles”: Oil Theft, Crude Economy and the Business of Organised Energy Crime in the Gulf of Guinea

Abstract

The menace of oil theft in the Gulf of Guinea (GoG) has evolved into a ‘syndicated enterprise’ which mirrors underlying economic principles of formal business operations. The involvement of organised crime groups in primordial resource appropriation has altered dramatically the region’s energy landscape, accelerating a transition from an economy of greed to an economy of crime, underpinned by organised socio-economic structures which exploit the fragility of a manifestly troubled Gulf. The objective of this study flows from a resurgence in oil theft in the Niger Delta region,threatening energy-dependent economies like Nigeria and the wider Gulf of Guinea. The study submits that oil theft is an enterprise crime, and the resurgence of criminality particularly in Nigeria is a corollary of the entrenchment of organised crime in the region’s energy landscape and the availability of a flourishing crime environment in the Gulf of Guinea. The study concludes that oil theft poses a significant and growing threat to national and regional security, and combating criminality requires a cocktail of measures anchored on a robust appreciation of the nature of organised crime and the context within which it is nourished in the region.