Nigeria steps up action to define and increase its oil reserves

Journal Article · Mon Jan 06 00:00:00 EST 1992 · Oil and Gas Journal; (United States)

OSTI ID:5386026

Page, N

This paper reports that within the past 18 months, the Nigerian Ministry of Petroleum Resources has moved aggressively to increase investment in known producing areas and stimulate exploration in frontier regions in order to define and expand the country's reserve base for the start of the 21st century. At industry seminars held in November and December 1991 in Houston, London, and Lagos, the Ministry in association with TGSI-Mabon Geophysical Co. reviewed the Nigerian political and economic climate, recent industry development and leasing activity, deep-water geology and exploration potential, and the probable areas' terms and conditions for a new bidding round to be announced in early 1992.

• OSTI ID: 5386026
• Journal Information: Oil and Gas Journal; (United States), Vol. 90:1; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
NIGERIA
PETROLEUM
RESERVES
ECONOMICS
EXPANSION
EXPLORATION
INVESTMENT
PETROLEUM INDUSTRY
POLITICAL ASPECTS
TEXAS
UNITED KINGDOM
AFRICA
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
ENERGY SOURCES
EUROPE
FEDERAL REGION VI
FOSSIL FUELS
FUELS
INDUSTRY
INSTITUTIONAL FACTORS
NORTH AMERICA
RESOURCES
USA
020200* - Petroleum- Reserves
Geology
& Exploration