Ogun To Join Oil Producing States, As Exploration Commences - Politics (4)

Ogun To Join Oil Producing States, As Exploration Commences - Politics (4) - Nairaland

Nairaland Forum › Nairaland General › Politics › Ogun To Join Oil Producing States, As Exploration Commences (20934 Views)

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Re: Ogun To Join Oil Producing States, As Exploration Commences by yommen: 3:49am On Jun 01, 2024

Bulldozer90:
Lol

I don't know the quantity Ogun will produce but go and check the facts. Lagos produces 40k barrels daily while imo and abia produces 17k and 11k respectively. Lagos produces 40k barrel per day while the whole of SE does 28k. Go check am come. No be matter of lols.

2 Likes

Re: Ogun To Join Oil Producing States, As Exploration Commences by Gerrard59(m): 3:50am On Jun 01, 2024

flokii:
Ogun State has more Oil and even gas deposits than the entire South East region.
Let exploration commence fully and you'd marvel.

You think South West isn't blessed with natural resources??

Tongeji island in Ikpokia, Olokola and some other parts have Oil in huge quantities.

That is a lie. You APC miscreants lie a lot on this forum!

Re: Ogun To Join Oil Producing States, As Exploration Commences by Believeintruth: 4:00am On Jun 01, 2024

FreeStuffsNG:
https://www.vanguardngr.com/2024/05/ogun-to-join-oil-producing-states-as-exploration-commences/

Caption: L-R: Managing Director, SHELL Petroleum Development Company Ltd, Mr. Osagie Okubor; Chief Executive, Nigeria Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe; Minister of State, Petroleum Resources, Senator Heineken Lokpobiri; Ogun State Governor, Prince Dapo Abiodun; his Deputy, Engr. Noimot Salako-Oyedele and the Group Chief Executive Officer, NNPC Ltd, Mr Mele Kyari, during a visit to Ogun State on plans by the Federal Government to start oil exploration in the state.

Oga stop misleading people. It is one thing to prospect and it is one thing to strike oil. How can some state join league of oil producing states when they have not found oil. Haba stop this deceit naaaa

Re: Ogun To Join Oil Producing States, As Exploration Commences by Believeintruth: 4:01am On Jun 01, 2024

FreeStuffsNG:
“It is noteworthy that this is a region of the country that provides ease of access, low entry and operating costs, a safe and welcoming community and a very active state government support and participation.

This is a fact. Oil and gas extraction must not leave our environment destroyed for yet unborn generations o

Invest in the Southwest for the best returns on your investment and to enjoy the best investor friendly experience in Nigeria and Africa.

May God bless Nigeria for ever! Check my signature for free stuffs!

Oga stop misleading the people for God's sake. It is one thing to prospect and one thing to strike oil. How can a state join league of oil producing states when they are just prospecting and have not found oil talk more producing?

Re: Ogun To Join Oil Producing States, As Exploration Commences by Believeintruth: 4:04am On Jun 01, 2024

Jonjam269:
You that dare not step foot in your barren and landlocked region or else IPOB cannibals and terrorists will cannibalise you.

You don't have sense

Re: Ogun To Join Oil Producing States, As Exploration Commences by Believeintruth: 4:05am On Jun 01, 2024

Konquest:
There's a vast quantity of crude oil and gas in the Dahomey Basin of which Ogun State is an integral part of.

Tongeji Island and Ogun Waterside areas of Ogun State have oil-bearing terrains from geological surveys.

Ogun will soon join Lagos State and Ondo State as a full-fledged oil and gas state.

Dude calm down and show us the geological survey report.

Re: Ogun To Join Oil Producing States, As Exploration Commences by Orobadmeat: 4:22am On Jun 01, 2024

Putinofrussia:
lol
All the oil in the SE combined is not up to Ondo's oil.
Leave SS out of your madness.

Don't mind the senile lots, Every time their longer throat is in South South,if you give them Biafra without ikwerre and port Harcourt, they will not agree, they bad motives

1 Like

Re: Ogun To Join Oil Producing States, As Exploration Commences by kayusely70(m): 4:35am On Jun 01, 2024

Hope the additional income would not be frittered away by those in charge.

Re: Ogun To Join Oil Producing States, As Exploration Commences by Afonja007: 4:39am On Jun 01, 2024

The same agbodorians will tell you that oil is nothing that lagos is richer Japan,where is the oil they discovered in badagry?where is the oil buhari discovered in bauchi? angry

ogun data na kolanut dem get

Re: Ogun To Join Oil Producing States, As Exploration Commences by YorubaAssasin: 4:46am On Jun 01, 2024

Chai! This news go make some pple go jump for lagoon ooo. grin

Yoruba 4 Life! cool

1 Like

Re: Ogun To Join Oil Producing States, As Exploration Commences by COMPAQ(m): 4:51am On Jun 01, 2024

flokii:
Ogun State should have been in the league of Oil producing States long ago but it's better late than never.

On what basis exactly? Besides finding oil I'm the ground is not the same as producing it.

First it has to be in commercial quantities. Then even if it is, it needs to be developed before being produced. Funding it to producing it can take 5 to 10 years.

Re: Ogun To Join Oil Producing States, As Exploration Commences by Fearurcreeator: 5:14am On Jun 01, 2024

Bubu4Sea:
Jealousy of the igbo is endemic

Which Igbo ... Lolzzzz
Exploring oil is jealousy... Una be werey se ... I don't even want the oil sef ... SW should go into agriculture fully ... Yeye oil

Re: Ogun To Join Oil Producing States, As Exploration Commences by palsenator(m): 5:22am On Jun 01, 2024

flokii:
I know there are Oil deposits in many parts of South West, just that our people are docile and never eager to push for anything, just to be blowing big big grammar up and down and be doing oversabi, whereas we are really losing out from the allocations that other regions are getting.

Some of the resources mining in the northern states belong to the States but the oil being mined in the south belong to the federal government. Una never wise.

What is stopping the States from handling their resources giving a portion to the federal??

1 Like

Re: Ogun To Join Oil Producing States, As Exploration Commences by AareGaa: 6:08am On Jun 01, 2024

Bubu4Sea:
So Igbo land is barren yet you are scared of them leaving?

Igbo land is barren and 3 Igbo states produce oil that the yoruba land can't?

Oil in ibo land? Why are you so deluded?

The only oil in ibo land is palm oil.

Re: Ogun To Join Oil Producing States, As Exploration Commences by Juventus4life: 8:13am On Jun 01, 2024

ovie8200:
It's time for the zoo to be divided and let everyone go their way now that the Southwest has also said it has oil. Most importantly, they will never get the 13% oil derivation.

Na ur papa dey give d 13%

Re: Ogun To Join Oil Producing States, As Exploration Commences by caleboxylic: 8:48am On Jun 01, 2024

FreeStuffsNG:
https://www.vanguardngr.com/2024/05/ogun-to-join-oil-producing-states-as-exploration-commences/

Caption: L-R: Managing Director, SHELL Petroleum Development Company Ltd, Mr. Osagie Okubor; Chief Executive, Nigeria Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe; Minister of State, Petroleum Resources, Senator Heineken Lokpobiri; Ogun State Governor, Prince Dapo Abiodun; his Deputy, Engr. Noimot Salako-Oyedele and the Group Chief Executive Officer, NNPC Ltd, Mr Mele Kyari, during a visit to Ogun State on plans by the Federal Government to start oil exploration in the state.

There must be oil in ogun state na. Who doesn't know that but won't be up to the volume in ondo state.
There is oil in benue and enugu states (Nsukka axis) too but in what quantity?
Black man with natural resources. Use your brain and develop your agriculture like Israel and Netherland have done, you said no.

Re: Ogun To Join Oil Producing States, As Exploration Commences by PHAYOL81: 9:01am On Jun 01, 2024

Noted. Following

Re: Ogun To Join Oil Producing States, As Exploration Commences by Konquest: 9:19am On Jun 01, 2024*

Konquest:
There's a vast quantity of crude oil and gas in the Dahomey Basin of which Ogun State is an integral part of.

Tongeji Island and Ogun Waterside areas of Ogun State have oil-bearing terrains from geological surveys.

Ogun will soon join Lagos State and Ondo State as a full-fledged oil and gas state.

"DAHOMEY BASIN OPL 325"
=>https://lekoil.com/asset/nigeria-dahomey-basin-opl-325/
Preliminary review of the prospects, based on an independent study by Lumina, prepared for LEKOIL, suggests oil in place volumes of up to 5.7 billion barrels with an estimated 2 billion barrels recoverable based on analogues.

"LAGOS AJE OILFIELD OML 113 LOCATED IN THE DAHOMEY BASIN OWNED BY YINKA FOLAWIYO PETROLEUM"
=>https://africaoilgasreport.com/2016/05/in-the-news/nigeria-starts-oil-production-outside-the-stormy-niger-delta/

=>https://businessday.ng/energy/article/huge-oil-gas-find-validates-lekoils-bet-on-dahomey-basin/

Early interest by Nigeria’s leading oil exploration firms including Lekoil Nigeria Limited (with Lekan Akinyanmi as the CEO) exploring the Dahomey Basin, a combination of inland and coastal offshore fields stretching from Ghana, through Togo and Benin to southwest Nigeria, has yielded a potential 5 billion barrels of oil and billions of cubic feet of gas reserves, which could turn the region into the next frontier of commercial oil exploration writes ISAAC ANYAOGU.

"Lekoil ramps up investments"

Lekoil Nigeria Limited has four assets (OPL 310 being its flagship) which bear both oil and gas. The OPL 310 asset is offshore Lagos, barely 20 kilometres from Nigeria’s hub of commercial activities, and contains the Ogo discovery, which is the largest in Nigeria.

Lekoil has a 62 percent shareholding in OPL 325, an exploration block of approximately 100 kilometres south of Lagos. While it is yet to drill the block, the company has access to 3D seismic data of over 740 km of oil deposit. A preliminary review of the prospects suggests oil in volumes of up to 5.7 billion barrels with an estimated 2 billion barrels recoverable based on analogues.

Further seeing a pathway to driving drilling in the Dahomey Basin mainstream, Lekoil increased its interest in the concession to 40 percent, following the acquisition of one of its licences from Afren Oil and Gas in 2015.

“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,” Akinyanmi said in an interview with BusinessDay.

Lekoil’s asset also includes OPL 276 where the company has a 45 percent participating interest. The asset was acquired in 2019. Historically, four wells have been drilled in the license area, resulting in four discoveries (two oil and two gas) with preliminary resource estimates of gross recoverable volumes of 29 million barrels of oil and 333 Bcf of gas, with upside of 33 million barrels of oil and 476 Bcf of gas (recoverable). Lekoil is still waiting to renew the license on the asset to start working on the block.

Source https://businessday.ng/energy/article/huge-oil-gas-find-validates-lekoils-bet-on-dahomey-basin/

Cc: @FreeStuffsNG, @flokii
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https://businessday.ng/energy/oilandgas/article/oil-can-rescue-the-naira-but-drilling-more-isnt-enough/

Isaac Anyaogu Oct 02, 2023
Between 1999 and 2020, the federal government earned $741.48 billion from oil and gas sales, according to data from the...
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=>https://www.worldometers.info/gas/nigeria-natural-gas/
Gas Reserves in Nigeria
See also: List of countries by Gas Reserves

Nigeria holds 187 trillion cubic feet (Tcf) of proven gas reserves as of 2017, ranking 9th in the world and accounting for about 3% of the world's total natural gas reserves of 6,923 Tcf.

Nigeria has proven reserves equivalent to 306.3 times its annual consumption. This means it has about 306 years of gas left (at current consumption levels and excluding unproven reserves).
NIGERIA GAS RESERVES

=>https://www.worldometers.info/gas/gas-reserves-by-country/

Natural Gas Reserves by Country
#Country Gas Reserves (MMcf) World Share
1 Russia 1,688,228,000 24.3%
2 Iran 1,201,382,000 17.3%
3 Qatar 871,585,000 12.5%
4 United States 368,704,000 5.3%
5 Saudi Arabia 294,205,000 4.2%
6 Turkmenistan 265,000,000 3.8%
7 United Arab Emirates 215,098,000 3.1%
8 Venezuela 197,087,000 2.8%
9 Nigeria 180,490,000 2.6%

=>https://www.worldometers.info/gas/
World Gas Reserves
See also: List of countries by Gas Reserves

There are 6,923 trillion cubic feet (Tcf) of proven gas reserves in the world as of 2017.

The world has proven reserves equivalent to 52.3 times its annual consumption. This means it has about 52 years of gas left (at current consumption levels and excluding unproven reserves).

GAS RESERVES
6,922,922,000 MMcf
(1,153,820 billion BOE)

52 years of natural gas left
(at current consumption levels)
~~~~~
~~~~~
WTI $76.99 -1.18%
Brent $81.11 -0.94%
Gas $2.59 +0.58%
~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~
https://www.nuprc.gov.ng/nigerias-oil-and-gas-reserves-soar-nuprc-unveils-impressive-figures/

"209.26 trillion cubic feet"
Engr Komolafe revealed that as of January 1, 2024, the combined reserves of Crude Oil and condensate reached 37.50 billion barrels, while the reserves of Associated Gas and Non-Associated Gas stood at 209.26 trillion cubic feet (TCF).16 Apr 2024

=>https://www.nuprc.gov.ng/nigerias-oil-and-gas-reserves-soar-nuprc-unveils-impressive-figures/

16 APR 2024
NIGERIA’S OIL AND GAS RESERVES SOAR: NUPRC UNVEILS IMPRESSIVE FIGURES

The latest figures on Nigeria’s crude Oil and Gas reserves have been released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The Commission’s Chief Executive, Engr Gbenga Komolafe, gave the breakdown on Monday during a press briefing at the Commission’s Headquarters in Abuja.

Engr Komolafe revealed that as of January 1, 2024, the combined reserves of Crude Oil and condensate reached 37.50 billion barrels, while the reserves of Associated Gas and Non-Associated Gas stood at 209.26 trillion cubic feet (TCF).

He added that within the total reserves, Crude Oil and condensate were recorded at 31.56 billion barrels and 5.94 billion barrels, respectively.

According to the Chief Executive, the totals of Crude Oil and condensate reserves stand at 37.50 billion barrels, while the reserves of Associated Gas and Non-Associated Gas were reported at 102.59 TCF and 106.67 TCF, respectively.

Engr Gbenga Komolafe says these figures shed light on the significant resources Nigeria possesses in terms of Oil and Gas reserves, reaffirming its position as a key player in the global energy landscape, which is crucial for the country’s energy policies, investment decisions, and overall economic planning.
~~~~~~~~~~~~~~~~~~~~
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https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.rigzone.com/news/nigeria_raises_oil_and_gas_reserve_figures-17-apr-2024-176431-article/

Nigeria Raises Oil and Gas Reserve Figures
by Jov Onsat|Rigzone Staff
Wednesday, April 17, 2024 3:00 AM EST

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the country’s known hydrocarbon reserves have increased, with crude oil and condensate hitting 37.5 billion barrels as of January 1.

Associated and non-associated gas stood at 209.26 trillion cubic feet (Tcf) as of the start of 2024, NUPRC chief executive Engr Gbenga Komolafe told a briefing in Abuja, according to a press release by the commission Tuesday.

Of the liquid reserves, petroleum totaled 31.56 billion barrels while condensate stood at 5.94 billion barrels.
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https://thewillnews.com/imo-records-zero-foreign-investment-in-4-years-amid-huge-oil-gas-deposits/
7 Jan 2024
According to Sylva, Nigeria has nearly 300 ??trillion cubic feet of natural gas reserves, ranking 9th in the world, with Imo holding the largest reserve amongst all Nigerian states.

“Imo state with 200 trillion cubic feet of gas ??deposits should be set for economic boom,” Sylva said during a visit to the Imo Governor, Hope Uzodinma, in April 2021.

~~~~~~~~~~~~~
https://www.planete-energies.com/en/media/article/life-cycle-oil-and-gas-fields

https://businessday.ng/paywall-free/article/exploring-inland-gas-reserves-what-is-in-it-for-nigeria/

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Re: Ogun To Join Oil Producing States, As Exploration Commences by Measle: 9:27am On Jun 01, 2024

Bulldozer90:
Lol.

You are now exploring with your mouth. You don't even need exploration know where there is oil and gas. preliminary evidence will always indicate the presence of hydrocarbons. So that exploration largely determines the quantity. Ogun and southwest has nothing, except in the Ijaw occupied fringes of Ondo.

In the south east for instance, it's been known for ages there are large amounts of hydrocarbons but no serious exploration has been done. The little done in Imo revealed over 200trillion cf of natural gas, bigger than What has been found elsewhere in Nigeria put together. I'm sure you also see what goes on during bore hole drillings in Enugu. The huge volume in Anambra widely known.

Being endowed is not propaganda like you lots and the North do.

Brother thanks for your timely response to that low class jiglo.

Re: Ogun To Join Oil Producing States, As Exploration Commences by Shorty1980: 9:53am On Jun 01, 2024

will it improve the welfare of the state?

Re: Ogun To Join Oil Producing States, As Exploration Commences by YouAreNobody: 10:18am On Jun 01, 2024

Bubu4Sea:
Jealousy of the igbo is endemic

Lolzzzzz.....you guys are dumb clowns. The SE you hate so much has one of the largest natural gas deposits in the world, more than 3 trillion cubic feet of natural gas. The whole world is even switching from crude oil to natural gas, which means the SE is better positioned to benefit from this.
You guys make me laugh

AareGaa:
Oil in ibo land? Why are you so deluded?

The only oil in ibo land is palm oil.

Re: Ogun To Join Oil Producing States, As Exploration Commences by Kemadealadire(f): 11:23am On Jun 01, 2024

Adire stands out anytime, anyday🔥🔥 you like the fabric the governor and his deputy are putting on🤷🏽‍♀️ you should see my profile😉

1 Like

Re: Ogun To Join Oil Producing States, As Exploration Commences by opeyemi2012(m): 12:02pm On Jun 01, 2024

ovie8200:
It's time for the zoo to be divided and let everyone go their way now that the Southwest has also said it has oil. Most importantly, they will never get the 13% oil derivation.

Go and stop them from getting the 13%.

Re: Ogun To Join Oil Producing States, As Exploration Commences by adejades: 2:08pm On Jun 01, 2024

My guy tell them oooo. Most of the people arguing do so along tribal lines. Professionals in the oil industry know the truth. There's also lots of political undertone to the issue of oil in Nigeria.

We are yet to even tap into much of offshore deposits, probably because we've not acquired the technical know how.

Oil is not a monopoly in this part of Africa, stop fooling yourselves!

StOla:
Exactly!

I have worked on many oil projects in Nigeria and along the coast of West Africa.

Crude Oil is nothing unique to any particular part of the world or West Africa.

Re: Ogun To Join Oil Producing States, As Exploration Commences by AareGaa: 5:21pm On Jun 01, 2024

YouAreNobody:
Lolzzzzz.....you guys are dumb clowns. The SE you hate so much has one of the largest natural gas deposits in the world, more than 3 trillion cubic feet of natural gas. The whole world is even switching from crude oil to natural gas, which means the SE is better positioned to benefit from this.
You guys make me laugh

Natural gas in cursed Biafran land?

Dey deceive yourself

South East is a barren region

Re: Ogun To Join Oil Producing States, As Exploration Commences by press9jatv(m): 6:51pm On Jun 01, 2024

Wow that’s great, There’s Dahomey basin in ogun state now. And the huge crude oil deposits in Ogun will be much for Nigeria usages

Re: Ogun To Join Oil Producing States, As Exploration Commences by CyberHolarex: 11:02pm On Jun 01, 2024

Bulldozer90:
Lol.

You are now exploring with your mouth. You don't even need exploration know where there is oil and gas. preliminary evidence will always indicate the presence of hydrocarbons. So that exploration largely determines the quantity. Ogun and southwest has nothing, except in the Ijaw occupied fringes of Ondo.

In the south east for instance, it's been known for ages there are large amounts of hydrocarbons but no serious exploration has been done. The little done in Imo revealed over 200trillion cf of natural gas, bigger than What has been found elsewhere in Nigeria put together. I'm sure you also see what goes on during bore hole drillings in Enugu. The huge volume in Anambra widely known.

Being endowed is not propaganda like you lots and the North do.

Lagos , Ogun and ondo has oil deposits in large quantities because those are detaic regions.
Southwest as any other place in Nigeria is so rich In mineral resources (lithium, bitumen, oil and gas, limestone,. Cash crops and lots more)

Go school you say na shop you want open. Orgasm rather than think

1 Like

Re: Ogun To Join Oil Producing States, As Exploration Commences by Konquest: 1:03am On Jun 02, 2024*

Bulldozer90:
Lol.

You are now exploring with your mouth. You don't even need exploration know where there is oil and gas. preliminary evidence will always indicate the presence of hydrocarbons. So that exploration largely determines the quantity. Ogun and southwest has nothing, except in the Ijaw occupied fringes of Ondo.

In the south east for instance, it's been known for ages there are large amounts of hydrocarbons but no serious exploration has been done. The little done in Imo revealed over 200trillion cubic ft of natural gas, bigger than What has been found elsewhere in Nigeria put together. I'm sure you also see what goes on during bore hole drillings in Enugu. The huge volume in Anambra widely known.

Being endowed is not propaganda like you lots and the North do.

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~~~~~~~
Let me step right into this convo and make corrections in your post.

The FALSE and highly misleading figure of 200 trillion cubic ft of gas reserve for Imo State since 2021 is NOT tenable. The reference to the former Minister of State for Petroleum as being the source of that info in 2021 is false and the report emanated from unofficial bloggers and overzealous social media posters, NOT from an official source like NUPRC did in the link below.

The TOTAL RESERVE of natural gas in Nigeria both onshore and offshore as of January 1, 2024 stood at 209.26 trillion cubic feet (TCF) as stated by NUPRC in the Website below:

=>https://www.nuprc.gov.ng/nigerias-oil-and-gas-reserves-soar-nuprc-unveils-impressive-figures/

16 APR 2024
NIGERIA’S OIL AND GAS RESERVES SOAR: NUPRC UNVEILS IMPRESSIVE FIGURES

The latest figures on Nigeria’s crude Oil and Gas reserves have been released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The Commission’s Chief Executive, Engr Gbenga Komolafe, gave the breakdown on Monday during a press briefing at the Commission’s Headquarters in Abuja.

Engr Komolafe revealed that as of January 1, 2024, the combined reserves of Crude Oil and condensate reached 37.50 billion barrels, while the reserves of Associated Gas and Non-Associated Gas stood at 209.26 trillion cubic feet (TCF).

He added that within the total reserves, Crude Oil and condensate were recorded at 31.56 billion barrels and 5.94 billion barrels, respectively.

According to the Chief Executive, the totals of Crude Oil and condensate reserves stand at 37.50 billion barrels, while the reserves of Associated Gas and Non-Associated Gas were reported at 102.59 TCF and 106.67 TCF, respectively.

Engr Gbenga Komolafe says these figures shed light on the significant resources Nigeria possesses in terms of Oil and Gas reserves, reaffirming its position as a key player in the global energy landscape, which is crucial for the country’s energy policies, investment decisions, and overall economic planning.
~~~~~~~~~~~~~~~~~~~~
~~~~~~~~~~~~~~~~~~~~
Then, the natural gas reserve in Russia alone as seen from the table in the link below shows that Russia has a natural gas reserve of 1,688 trillion cubic ft. So, you people out of overzealously have embarrassingly been throwing around that FALSE and highly misleading figure of 200 trillion cubic ft of gas reserve for Imo State since 2021 without FACT-CHECKING this info against the global figures.

The TOTAL GLOBAL natural gas reserve is estimated at 6,923 trillion cubic ft! Therefore the Imo State gas reserve is NOT 200 trillion cubic ft like you and others are spreading around cyberspace. Someone right on this same page also gave a different figure of natural gas reserve for Imo State of a little over "1 trillion cubic ft" of gas. FACT-CHECKING is very necessary. A section of the media, propaganda Websites, bloggers, and YouTubers are responsible for this misinformation no doubt.

=>https://www.worldometers.info/gas/gas-reserves-by-country/

Natural Gas Reserves by Country
#Country Gas Reserves (MMcf) World Share

1 Russia 1,688,228,000 24.3%
2 Iran 1,201,382,000 17.3%
3 Qatar 871,585,000 12.5%
4 United States 368,704,000 5.3%
5 Saudi Arabia 294,205,000 4.2%
6 Turkmenistan 265,000,000 3.8%
7 United Arab Emirates 215,098,000 3.1%
8 Venezuela 197,087,000 2.8%
9 Nigeria 180,490,000 2.6%

>https://www.worldometers.info/gas/
World Gas Reserves

There are 6,923 trillion cubic feet (Tcf) of proven gas reserves in the world as of 2017.

The world has proven reserves equivalent to 52.3 times its annual consumption. This means it has about 52 years of gas left (at current consumption levels and excluding unproven reserves).

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Re: Ogun To Join Oil Producing States, As Exploration Commences by codemaniacs: 10:48am On Jun 02, 2024

yinkeys:
What happened to cocoa production ?
The price has quadrupled this year alone in the international market

The government does not have Cocoa company the same way it has Nigeria National Petroleum Company ( NNPC ) so the only people making money from cocoa are private farmers and companies that export cocoa.

The government will only get taxes from these companies.

That is one of the reasons Nigeria is not reaching it's true potential of been a multi trillion dollar economy..

More NNPC like companies in other industries need to be created for Nigeria to reach its potential.

Re: Ogun To Join Oil Producing States, As Exploration Commences by YouAreNobody: 2:49pm On Jun 04, 2024

AareGaa:
Natural gas in cursed Biafran land?

Dey deceive yourself

South East is a barren region

You truly are an unrepentant illiterate.

Re: Ogun To Join Oil Producing States, As Exploration Commences by AlphaTaikun: 9:36pm On Jan 24

FreeStuffsNG:
https://www.vanguardngr.com/2024/05/ogun-to-join-oil-producing-states-as-exploration-commences/

Caption: L-R: Managing Director, SHELL Petroleum Development Company Ltd, Mr. Osagie Okubor; Chief Executive, Nigeria Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe; Minister of State, Petroleum Resources, Senator Heineken Lokpobiri; Ogun State Governor, Prince Dapo Abiodun; his Deputy, Engr. Noimot Salako-Oyedele and the Group Chief Executive Officer, NNPC Ltd, Mr Mele Kyari, during a visit to Ogun State on plans by the Federal Government to start oil exploration in the state.

Huge oil, gas find validates Lekoil's bet on Dahomey Basin
https://businessday.ng/energy/article/huge-oil-gas-find-validates-lekoils-bet-on-dahomey-basin/

Lekoil: How We Became Nigeria's First Oil Firm to Bring Marginal Fields...
https://www.thisdaylive.com/2025/02/28/lekoil-how-we-became-nigerias-first-oil-firm-to-bring-marginal-field-to-production-in-18-months/

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