Mr Lee: Na lie o Ogoni oil still dey o

k2039: [size=13pt]That is only possible base on the available data,and the available data is only based on the oilfileds that have been discovered so far.
We all know more oilwells will stilll be discovered and as technology improves fields and wells that cannot be eplored now will be explored in the later future.


I say this to the world bank,keep your mouth shut and mind your bussiness,their are lot of unproven reserves in Nigeria(unproven reserve is even greater than the proven reserve).
If I hear say oil finish till Jesus come.mtcheew
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pareto: Our leaders won't mind since they are not likely to live till then. Most of their grand children won't even be in the country by then.

De-Grace01:
Nonsense, this had been the wish and prayer of the westerners, but they are not God. we dont need their forcast ok. Oil deposit in Nigeria will last till next 1000yrs whether they like it or not they can hug transformer for all i care.

pro01: The possibility of Nigeria's oil drying up in 41 years is not as scary as the prospect/likelihood of the US, China and Western Europe discovering/developing alternative sources of energy even before our oil dries up. I'm sure we'll be in big trouble when we suddenly find ourselves with an ocean of crude oil that nobody wants to buy because nobody needs it.

Kelskelly: It's amazing the kind of comments I see on this forum. This country is in real trouble if this is the mentality of our generation. I have just a few points.
1. This is a clear analytical work. It's a combo of geology, geophysics, reservoir engineering and mathematics. I can't understand people asking if they are God. Did God ever say oil will last forever?
2. The analysis is based on proven reserves and current depletion rate. At approx 2.5m bpd, that's how lond it will last. If you don't understand how it works, then shut up. You don't have to comment.
3. The present technology for offshore and deep offshore wells are designed to deplete the reservoirs as fast as possible (high oil prices, better economic). Moreover most wells are designed to last for about 20yrs as after this time, he accessories start to fall apart. Workovers are very expensive in deep water wells.
4. Exploration has drastically reduced as all investors are tired of the thieves we have as govt officials. Why explore in a den of thieves when I can explore in Ghana? So addition to the proven reserves is very slow compared to our exploitation.
5. For all those saying we have unproven reserves, you are right we have them, but I hope you know what the word unproven means.

My last word, if you are ignorant about a topic, please leave the thread. There are topics about davido and Tinto dikeh for you. Don't display your blatant ignorance for the world to see. This is my last warning.

donroxy:


as u ve said more oil well shall be discovered and advanced technology shall also be used ti explore the unexplorable esp those in the north........


The Analyst says goin by our current production the oil shall deplete in 41years...........wha about if we reduce production.....more years ahead.......

but one day gonna one day when oil will be no more or attention shall be shifted to other sources for generating power/energy!!!


If we waste what God has blessed us with today as our leaders are doin what resources are we gonna left-out for our GreatGrandChildren!!!!

Nigerian Leaders what re u leaving for ur grandchildren!!!!

savcy: 12years ago they said its 30yrs til our reserve is depleted. 12yrs later, its 41yrs! Did they drill d ground and measure barrel by barrel?? Dats how dey'v bin predicting doom 4 our economy and nationhood,yet we stil thrive. Make dm park wel jor.

k2039:

[size=13pt]well you have a point,I was even suprised when my lecturer told me oloibiri was still producing.
I agree our legislation is extremely bad,even the oil companies know this,that why they try shi^ts they cant try in other countries here.
I hope the right people are actually reading the article then,we need to plan ahead.
Our fundamental problem in nigeria has been bad leadership
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Ifetex: @ list we ill go bk 2 ur 4mal tread" slave tread"

conyema12:

The responsibility rests on the shoulder of NNPC, I really don't know what they are doing, The likes of NNPC in other countries are very proactive in terms of exploratory activities, like PETROBRAS in Brasil, ADCO in UAE, PETRONAS in Malaysia. Their work is be collecting percentages from these IOCs and Indigenous OCs from the already produced crude without thinking for the future.

post.email:
It saddens me that Nigerians are always too rash in their comments. The report did not say oil production will end in 41 yrs, but level of production will drop from 2011 production level in 41 yrs .
*we are always in a hurry to do everything, and not taking time to think things through before acting. I reckon that's why this country is so fvcked.

jaw jaw: I am involved in the oil and gas industry but all the same, make the oil finish so that we can all go back to the basics and start to use our ingenuity or develop our other God-given resources properly to survive.

ULSHERLAN: Dem be God..mtchew

fubbyy: this one thing i hate about all this religious fanatics,attributing everything to God, imagine an adult arguing with me sometime ago that its God that decides when rain wil fall, a doctor warned my cousin nt 2 get pregnant again after her 3rd delivery because of her health bt she askd d same question,weda doctor na God? She went and gt another pregnant,today where is she? 6 ft under d ground,u ppl shuld hv a mind of ur own

De-Grace01:
Nonsense, this had been the wish and prayer of the westerners, but they are not God. we dont need their forcast ok. Oil deposit in Nigeria will last till next 1000yrs whether they like it or not they can hug transformer for all i care.