Nigeria: World Oil Report 1991
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.
- OSTI ID:
- 5802071
- Journal Information:
- World Oil; (United States), Vol. 212:8; ISSN 0043-8790
- Country of Publication:
- United States
- Language:
- English
Similar Records
Nigeria: an assessment of crude oil potential. Analysis report AR/IA/79-38
Oil and gas developments in eastern Canada in 1983
Related Subjects
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