The Union: Over 30 % of Nigeria’s Oil, Gas Reserves Stranded

Small oil and gas discoveries onshore, shallow water and deep offshore Niger Delta may permanently remain untapped if government fails to drive development of common infrastructure in the upstream petroleum industry.

Significant part of Nigeria’s famed crude oil and natural gas reserves may not be produced if conscious efforts are not made to develop a pan-industry upstream pipeline infrastructure that would confer commerciality on small and marginal assets in the industry. A team of industry experts that participated in a policy debate hosted in Lagos agreed that nearly 40 percent of the country’s highly advertised 187 trillion cubic feet of natural gas and 36 billion barrels of crude oil reserves exist as pockets of small reserves that are scattered across the Niger Delta.

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