The above are just a fraction of what obtains. And I think the FG and both states should look into the opportunity that the incessant restlessness of militants offer -- it's an 'opportunity', and I'd say "take it"

RockHard:


I couldn't agree with you more OP. Our days of being held hostage, sabotaged and blackmailed by militants who disrupt much needed gas flows to power plants are about over with this find.

RockHard:


I couldn't agree with you more OP. Our days of being held hostage, sabotaged and blackmailed by militants who disrupt much needed gas flows to power plants are about over with this find.

omonnakoda:
There is a flaw in your thinking ,anyone can blow up pipelines anywhere in Nigeria and paradoxically that is why I am against negotiating with militants.Fulani herdsmen too can blow up things it is not brain surgery. One doe not need to be an indigene anywhere to destroy things .If Fulani herdsmen have taught us anything it should be that.The fact that it is hour homeland means nothing so non indigenes can blow up things in Lagos too

Standing5:
My fear is that the south keep bringing out her resource for sharing with the North while the North controls the decision making process of whole resource sharing. The North will be happy to remain dormant n feed off the south if it isn't forced to bring significant resource to the table. They can decide to oppose 13% derivation fund or its increase n the south will just be looking on like they are doing in Fulani herdsmen situation.

focus7:
Let the Ijaws blow off all their land, Nigeria will still survive.

cktheluckyman:


It is not about having oil but rather what quantity of oil do you have? The SS states of Delta,bayelsa,rivers and akwa ibom still accounts for more than 95% of Nigeria's crude oil supply.The crude oil found in lagos and ondo combined is not even up to 20% of the quantity in akwa ibom alone

989900B:


They are realizing their folly in that, and are taking steps lately to get productive. ATEOTD, it is their loss in the grand scheme of things.

989900B:


LOL.

Nigeria's total crude oil reserves for Brent/light oil = 37.2 billion barrels (current estimate).

Nigeria's total Bituminous/heavy oil reserves = 42 billion barrels (current estimate).

Ondo state alone has over 31 billion barrels of 'heavy oil' and roughly 3-5 billion barrels of light oil reserves . . . making it the state with the largest oil deposits in the country by a long mile!

P.S. This article is actually about gas reserves. And the gas reserves between Lagos and Ondo states alone is more than enough to power half of the country for probably a 100 years @ 10,408 Btu/kWh

Standing5:
They don't lose nothing. They enslave the South n are happy that way.

989900B:


I've been to a few states up north, and it's a pity.

cktheluckyman:


If lagos and ondo has this reserves that you say ,hw come we are still in darkness over the gas pipeline vandalisation in the SS? Why don't we utilize the reserves in ondo and lagos to power us!!

Of greater significance also is the disclosure that the oil field holds untapped reserves of about 650 billion cubic feet (bcf), which if harnessed in two to three years’ time,
according to a company source, could supply
Lagos, Nigeria’s commercial hub, all the gas
feedstock it needs for the thermal power
stations and other manufacturing concerns
domiciled in the state and its environs.

lwise:
So what is the government waiting for.

cktheluckyman:

Obviously the reserves exists only here on nairaland

cktheluckyman:


It is not about having oil but rather what quantity of oil do you have? The SS states of Delta,bayelsa,rivers and akwa ibom still accounts for more than 95% of Nigeria's crude oil supply.The crude oil found in lagos and ondo combined is not even up to 20% of the quantity in akwa ibom alone

cktheluckyman:

Obviously the reserves exists only here on nairaland

theV0ice:


Bushman, try and read up on oil journals. Stop wasting your life hating and moaning on social media. Do you imagine that the day you open production from an oil well is the day you get to the maximum possible? Do you know how many more sites can be discovered in that area?

How many barrels did Nigeria start with in 1953 @ Oloibiri?

cktheluckyman:


If lagos and ondo has this reserves that you say ,hw come we are still in darkness over the gas pipeline vandalisation in the SS? Why don't we utilize the reserves in ondo and lagos to power us!!