Nigeria: World Oil Report 1991

Title: Nigeria: World Oil Report 1991

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Abstract

This paper reports that Middle East events have renewed interest in Nigeria's proven and potentially productive oil basins and fueled an upsurge in exploration and production activity. Increased oil revenues during the Gulf crisis were a bonus that will help pay for projects to boost production. Official goals are to increase production from current levels to 2.2 million bopd by the end of 1991 and 2.5 million bopd by 1995, and to raise reserves to 22 billion bbl by 1995. Shell, the largest operator, will spend $6.6 billion over five years on exploration and production to up its capacity from 1 million bopd to 1.3 million bopd, primarily with a $750-million investment for four new fields in South Forcados permit. Shell also announced reserve estimates of 400 million bbl of crude and 500 Bcf of gas for the Gharan structure onshore in Rivers State north of Yenogoa. Initial discovery was in January 1967, but the field was considered to be gas until Gbaran 4 was drilled in May 1990.

Publication Date:: Thu Aug 01 00:00:00 EDT 1991

OSTI Identifier:: 5802071

Resource Type:: Journal Article

Journal Name:: World Oil; (United States)

Additional Journal Information:: Journal Volume: 212:8; Journal ID: ISSN 0043-8790

Country of Publication:: United States

Language:: English

Subject:: 02 PETROLEUM; 29 ENERGY PLANNING, POLICY AND ECONOMY; EXPLORATORY WELLS; PLANNING; NIGERIA; OIL FIELDS; RESOURCE POTENTIAL; PETROLEUM INDUSTRY; INVESTMENT; WELL DRILLING; AFRICA; DEVELOPING COUNTRIES; DRILLING; GEOLOGIC DEPOSITS; INDUSTRY; MINERAL RESOURCES; PETROLEUM DEPOSITS; RESOURCES; WELLS; 020200* - Petroleum- Reserves, Geology, & Exploration; 020700 - Petroleum- Economics, Industrial, & Business Aspects; 294002 - Energy Planning & Policy- Petroleum

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                    . Nigeria: World Oil Report 1991.  United States: N. p., 1991. 
        Web.

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                    . Nigeria: World Oil Report 1991.  United States.

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                    . 1991.  
        "Nigeria: World Oil Report 1991".  United States.

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@article{osti_5802071,

  title        = {Nigeria: World Oil Report 1991},

  author       = {},

  abstractNote = {This paper reports that Middle East events have renewed interest in Nigeria's proven and potentially productive oil basins and fueled an upsurge in exploration and production activity. Increased oil revenues during the Gulf crisis were a bonus that will help pay for projects to boost production. Official goals are to increase production from current levels to 2.2 million bopd by the end of 1991 and 2.5 million bopd by 1995, and to raise reserves to 22 billion bbl by 1995. Shell, the largest operator, will spend $6.6 billion over five years on exploration and production to up its capacity from 1 million bopd to 1.3 million bopd, primarily with a $750-million investment for four new fields in South Forcados permit. Shell also announced reserve estimates of 400 million bbl of crude and 500 Bcf of gas for the Gharan structure onshore in Rivers State north of Yenogoa. Initial discovery was in January 1967, but the field was considered to be gas until Gbaran 4 was drilled in May 1990.},

  doi          = {},

  url          = {https://www.osti.gov/biblio/5802071},
  journal      = {World Oil; (United States)},

  issn         = {0043-8790},

  number       = ,

  volume       = 212:8,

  place        = {United States},

  year         = {Thu Aug 01 00:00:00 EDT 1991},

  month        = {Thu Aug 01 00:00:00 EDT 1991}

}

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