Nigeria: World Oil Report 1991

Journal Article · Thu Aug 01 04:00:00 EDT 1991 · World Oil; (United States)

OSTI ID:5802071

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), Journal Name: World Oil; (United States) Vol. 212:8; ISSN 0043-8790; ISSN WOOIA
• Country of Publication: United States
• Language: English

Related Subjects

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