Nigeria estimates gas reserves in excess of 120 tcf

Feb 04, 2003 01:00 AM

Nigeria's estimated associated and non-associated gas reserves has been put in excess of 120 tcf, making it to rank as the tenth largest in terms of proven national gas reserves nationwide. The country's national gas reserves/production is estimated to last 109 years.
According to facts and figures on LNG, geologists are insistent that "there is a lot more gas still to be found if companies deliberately explore for gas, as opposed to finding it by chance whilst in search of oil. This is because the Niger Delta is a gas province with oil rims."

Nigeria is regarded as the worst culprit in gas flaring with its associated environment hazards. It flares about 2 bn self and this is expected to grow especially now that Nigeria's quota in the international market has been increased by the OPEC, a situation that may see increased oil production.
With government setting the year 2008 by which to achieve zero flares, gas plants such as West Delta LNG, Statoil LNG and Agip-Philips-Brass LNG are expected to put off a large percentage of the flares.

Source: Daily Trust/All Africa Global Media
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« July 2019 »
July
MoTuWeThFrSaSu
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31

Register to announce Your Event

View All Events