Godson201333:


The one for motor or cooking?

Dem dy use Red Oil For Motor?

Abi u smoke weed?

obadiah777: WELL I GUESS ITS TIME FOR AL-CIADA TO MIRACULOUSLY APPEAR IN LAGOS THEN. EXPECT AN AMERICAN MILITARY BASE IN IKEJA ANYTIME SOON

america is the 3rd largest producer of oil in the world at the moment. They dnt need your oil

geeez:

Beaf. Just in case you don't know, Yorubas aren't all excited and rolling out the drums because our greatest resources lie between our ears and not beneath our feet

mumu

Pls which drilling company drilled the well Transocean, Noble drilling, Seawolf, Kca deutag, Pacific drilling, shelf drilling? Will they ever recruit and train us because that is my only concern

devour129: very soon niger deltans will drink and eat there oil. they are typically lazy so will sufer most when oil become useless

west are so ungrateful. We will survive without oil ok.

That is not of commercial quantity. It can only supply for about 4yrs and it goes dried.

gud one there, Eko oni baje oooooo

I can forecast southwest will definately be the best of all region,the rest regions only discovered implant explosive bomb

Now that oil has been discovered in Lagos, can we dissolve this unworkable union since Yorubas have their means of sustenance.

OH BOY, d woman wicked o when she already know say d ears of certain people will start Vibrating like barber's clipper without control wen they hear such thing as "oil" ,talk less d "La.." dat it is found ..

9jadelta: america is the 3rd largest producer of oil in the world at the moment. They dnt need your oil

YOU ERR. THEY DONT WANT TO ECOLOGICALLY DESTROY THEIR OWN ENVIRONMENT LOOKING FOR OIL. THEY RATHER DESTROY THE ENVIRONMENT OF OTHERS. YES THEY NEED OUR OIL. THATS WHY AFRICOM IS IN AFRICA

obadiah777: YOU ERR. THEY DONT WANT TO ECOLOGICALLY DESTROY THEIR OWN ENVIRONMENT LOOKING FOR OIL. THEY RATHER DESTROY THE ENVIRONMENT OF OTHERS. YES THEY NEED OUR OIL. THATS WHY AFRICOM IS IN AFRICA

bros, that was in the past. they don already chop clean mouth. Now its time for the world to beg for their food. They dnt even buy our oil anymore, so what will their millitary achieve in lagos?

Just yesterday too, Myself and the other tenants in my father house discovered Water Yam while digging a pit for our poos in Lagos.Congratulate us !!

78 Million Barrels is so little. That would be depleted in Months.

obadiah777: YOU ERR. THEY DONT WANT TO ECOLOGICALLY DESTROY THEIR OWN ENVIRONMENT LOOKING FOR OIL. THEY RATHER DESTROY THE ENVIRONMENT OF OTHERS. YES THEY NEED OUR OIL. THATS WHY AFRICOM IS IN AFRICA

they have developed a technology that will help them drill there oil without harming there environment so sorry,they don't need us anymore.

geeez: By Clara Nwachukwu
LAGOS—Nigeria’s commercial capital, LAGOS, is on the verge of joining the country’s oil-producing states with the discovery of crude oil in commercial quantities in the coastal state.
Yesterday, Afren Plc and its partner, Lekoil Limited, announced significant oil discovery offshore Dahomey Basin in Lagos, according to the London Stock Exchange.

In separate announcements, the partners said they discovered a significant light oil accumulation based on the results of drilling and wire line logs from a high impact Ogo-1 well, located on the Oil Prospecting Licence, OPL 310 offshore Nigeria.
Afren is optimistic that the discovery is likely to be significantly higher than the anticipated 78 million barrels of oil equivalent (mmboe), which encourages search to further high potential zones.
The discovery is subject to the authentication of the Department of Petroleum Resources (DPR), which is expected in two weeks.
If certified and the partners produce the first barrel of oil, Lagos will become the 11th oil producing state in Nigeria, a club Anambra State joined recently. It will also boost the economy of Lagos, which currently generates about N29 billion internally every month.
The other oil producing states are Akwa Ibom, Bayelsa, Rivers, Delta, Ondo, Abia, Imo, Edo and Cross River.
Geological studies indicate that the Dahomey Basin is a combination of inland/coastal/offshore basin that cuts across some West African countries including Lagos, Nigeria as well as Southeastern Ghana, Togo and the Republic of Benin.
The basin is said to be separated from the Niger Delta by a surface basement popularly called the Okitipupa Ridge.
“The Ogo-1 well has been drilled to a total measured depth of 10,518 ft (10,402 ft true vertical depth sub sea), and has encountered a gross hydrocarbon section of 524 ft, with 216 ft of net stacked pay.
“The well was targeting 78 mmboe of gross P50 prospective resources, but based on evidence to date, targeted resources are likely to be significantly in excess of previous estimates,” Afren said in a statement made available to Vanguard.
The company added that “further evaluation using wire line log analysis is currently underway prior to extending the well to a total measured depth of 11,800 ft (11,684 ft true vertical depth sub sea) to target further high potential zones.”
DPR yet to authenticate discovery
However, speaking with Vanguard on phone, the DPR said authentication of the discovery could only come after side-tracking (ST) verifications.

OPL 310—Map showing the location of OPL 310 , along the Dahomey Basin.
A top management source in the upstream unit of the regulatory agency, said: “As far as we are concerned, the discovery for now is very speculative. The side track will indicate whether the resource they have found is actually crude, and this verification takes about two weeks. Thereafter, the company will communicate the tracking result to us, after which we will certify the discovery.”
Partners plan side track
Ahead of the planned ST, Afren expressed confidence that estimated reserves of about 124 mmboe have a better than 50 per cent, P50, chance of being technically and economically producible.
“Partners intend to drill a planned side-track, Ogo-1 ST, which will test a new play of stratigraphically trapped sediments that pinch-out onto the basement high targeting 124 mmboe of gross P50 prospective resources,” it confirmed in the statement.
Commenting, the Chief Executive of Afren, Mr. Osman Shahenshah, said: “The discovery of oil in the Ogo-1 well opens up a new oil basin in an under-explored region and represents a possible extension of the West African Transform Margin.
“Based on evidence to date, targeted resources are likely to be significantly in excess of previous estimates, with some high-potential zones still to be drilled. We look forward to working with our partners to realise the full potential of Ogo 1 and our additional prospects on the licence.
“The Ogo-1 exploration success follows a series of recent discoveries, Okoro Field Extension, Ebok North Fault Block and Okwok in Nigeria and Simrit-2 and Simrit-3 on the Ain Sifni Block in the Kurdistan region of Iraq.”
On his part, Lekoil CEO, Mr. Lekan Akinyanmi, said: “The discovery of oil in the Ogo-1 well opens up a new oil basin in an under-explored region and represents a possible extension of the Cretaceous play along the West African Transform Margin. The discovery is a clear validation of Lekoil’s technical analysis and of our extensive studies on the Dahomey Basin.
“Results to date indicate that the discovered resources could be significantly in excess of P50 estimates prior to drilling. While Lekoil notes these results are preliminary, we believe there exists substantial scope for upward revisions to the data announced today (Wednesday) as drilling and interpretation continues.
“We look forward to working with our partners to realise the full potential of Ogo and the additional prospects on the licence.”

http://www.vanguardngr.com/2013/06/oil-discovered-in-lagos/

Nothing special, oil have not change anything in this country to compare with other countries blessed with the same resources even in lesser quantity and quality. it is only to enshrine few greed Nigerians. Nothing special.[/color]

abhosts: 78 Million Barrels is so little. That would be depleted in Months.

Was surprised when i saw it... Akwaibom alone produces more than that in three months

at least nigeria can break now. Mtcheew

Disaster awaiting from Oil spillage to mismanagement of resource.

devour129: they have developed a technology that will help them drill there oil without harming there environment so sorry,they don't need us anymore.

THEY DONT NEED US ANYMORE ? YOU ARE DEFINITELY SMOKING SOMETHING. WHAT DO YOU THINK ALL THAT BOKO HARAM PALAVA IS ? YOU THINK THAT IS HAUSA MEN MAKING BOMBS AND JUST BLASTING OFF JUST BECAUSE ?

This is good news. ‎​I just hope its true.

9jadelta: bros, that was in the past. they don already chop clean mouth. Now its time for the world to beg for their food. They dnt even buy our oil anymore, so what will their millitary achieve in lagos?

THEY DONT BUY OUR OIL ANYMORE ? YOU HAVE ANY ARTICLES PROVING THIS FACT ? OR YOU JUST PULL THIS INFO OUT YO DERRIERE LMAO

Nigeria's division just got thrown outta the window

Something tells me that Nigeria is sitting on an oil well.

abhosts: 78 Million Barrels is so little. That would be depleted in Months.

Yeah, I totally agree with you. Nigeria exports 2.5 million barrels of oil everyday. If Lagos is to export at that rate, the oil will finish in a month. This is sensational journalism at best. The journalist seems not to understand the term "COMMERCIAL QUANTITY".

Texas.Cowgirl:
Something tells me that Nigeria is sitting on an oil well.

MORE LIKE A TIME BOMB LMAO

O boy I never believe

ACM10:

Yeah, I totally agree with you. Nigeria exports 2.5 million barrels of oil everyday. If Lagos is to export at that rate, the oil will finish in a month. This is sensational journalism at best. The journalist seems not to understand the term "COMMERCIAL QUANTITY".

Ask ND how many oil "wells" they discover from time to time. . . .there will be more coming

goldfish80: Is it only oil? When will Gold,Diamond,uranium be found in Nigeria?

Gold and Diamond have been discovered in North. Zamfara and Kastina respectively(the remote LGA).

Unfortunately the natives are the ones doing the mining and selling at very cheap rates too.

obadiah777: MORE LIKE A TIME BOMB LMAO

If Ondo and Ogun (?) are sitting on oil well, so are the other SW states. Division is likely going to be drawn out for all the "chop money clean mouth" politicians to have heir share.