$3b Down The Drain, Oil In North Remains Elusive - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › $3b Down The Drain, Oil In North Remains Elusive (3998 Views)
| $3b Down The Drain, Oil In North Remains Elusive by Desyner(op): 12:22pm On Nov 13, 2017 |
https://guardian.ng/wp-content/uploads/2016/05/Crude-Oil.jpg |
| Re: $3b Down The Drain, Oil In North Remains Elusive by ehispapa(m): 12:33pm On Nov 13, 2017 |
sometimes i wonder if our leaders are actually educated or plain stupid. why not explore solid minerals in the north instead of going on a wild goose chase. God is not stupid to deposit these different resources in the various locations. Zambia, botswana and South Africa, all have solid minerals and they are doing well and better than us. why not we also be grateful and explore that which is is available instead of searching for the unknown |
| Re: $3b Down The Drain, Oil In North Remains Elusive by DozieInc(m): 12:35pm On Nov 13, 2017 |
And the elusive search continues. This is just a ploy by the cabal to empower their goons, a total waste of Nigeria's scarce resources. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by Hofbrauhaus(m): 12:35pm On Nov 13, 2017 |
And a fool from daura would talk about diversifying! Do you know what 3billion dollars can do to the agric sector? You can only deceive a sarrki. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by uwa1(m): 12:42pm On Nov 13, 2017 |
God is God... No man can act or predict Him... Let them carry on in their stupidity and foolishness.... |
| Re: $3b Down The Drain, Oil In North Remains Elusive by Desyner(op): 12:43pm On Nov 13, 2017 |
[color=#f6f6ec]realjoker, mapet, blue3k[/color] The experts noted that nature has blessed each region of Nigeria with peculiar resources, and while the south is enriched with hydrocarbons, the north is blessed with solid minerals, thus, solid minerals and hydrocarbons cannot coexist. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by hatchy: 12:53pm On Nov 13, 2017 |
Wasteful,direction less and senseless man piloting the affair of this country. A man who has never written a book and never given any intellectual speech is a complete dunce. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by Desyner(op): 1:32pm On Nov 13, 2017 |
ehispapa:Even more painful is the fact the we export over 1.5m bpd of crude when we could refine them to employ over 400,000 persons. Imagine the impact of N-POWER employing 200,000 people and paying just 30k. Now imagine what oil industry pay on the average and multiply that by 400,000 |
| Re: $3b Down The Drain, Oil In North Remains Elusive by horsepower101: 1:41pm On Nov 13, 2017 |
Electric cars are coming and oil will crash soon. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by Nobody: 1:59pm On Nov 13, 2017 |
The Niger Delta is too unstable |
| Re: $3b Down The Drain, Oil In North Remains Elusive by Desyner(op): 2:12pm On Nov 13, 2017 |
GoroTango:And the north isn't ? |
| Re: $3b Down The Drain, Oil In North Remains Elusive by oduastates: 2:33pm On Nov 13, 2017 |
My problem with this is not the idea of prospecting for oil in the north . If at all , a major discovery might smoothen the path towards restructuring or self governance. My grouse is the idea of oil after over 50 years with nothing to show for the oil apart from sorrow, tears and blood . When are we going to start prospecting for a knowledge based economy. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by mapet: 2:48pm On Nov 13, 2017 |
First off, let me start by saying, this is the Guardian article I was referring to which I deemed incompetent and unprofessional. I will explain this further soonBlue3k:Bros, |
| Re: $3b Down The Drain, Oil In North Remains Elusive by Blue3k(m): 2:55pm On Nov 13, 2017 |
My issue is where exactly they're prospecting. The Chad basin and Benue Trough best spots. Everything I read on one petro says so. Sokoto, Yobe and Jigawa never came up papers. Out of the three that were drilled by the IOCs, only the block belonging to Shell had some gas reserves, but the discovery is untested.Schlumberger recently partnered on oil and gas exploration let's see if Benue has anything interesting. If they do SE gas reserves should be looked into more. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by mapet: 2:55pm On Nov 13, 2017 |
@Desyner, this tickles your fancy shay? and you never let go of needless argument. When you were "dumster-finding" stuffs on the internet (according to your claimed random searching) did you conveniently miss this article below that reacted to this same "wishy-washy" artucle you so jumpy to claim as gospel? Deepening debate on oil exploration in the north |
| Re: $3b Down The Drain, Oil In North Remains Elusive by Blue3k(m): 2:58pm On Nov 13, 2017 |
Mapes the spam bot won't let u comment. Talk to mods and it should be fixed in an hour. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by Amberon11: 3:03pm On Nov 13, 2017 |
The worst part is that they will be the first to preach how our oil is becoming useless but they're spending "our oil money" to find more oil in the north. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by Nobody: 3:08pm On Nov 13, 2017 |
They were only interested in snatching power from PDP. They dont have a single idea what the economy needs let alone how to run a country like Nigeria. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by NigerDeltan(m): 3:15pm On Nov 13, 2017 |
1trillion that is suppose to be used in developing our region NDA take note |
| Re: $3b Down The Drain, Oil In North Remains Elusive by trilobite: 3:48pm On Nov 13, 2017 |
I was taught by geologists who concluded that crude oil in the chad basin if present would not be economically viable. imagine my shock, when I learnt that same geologists were running the government funded surveys being carried out in the areas. Go to geology departments in the north and privately converse with senior lecturers they will tell you the same thing: It is an expensive, unnecessary wild goose chase, But one most geologists would like to be a part of. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by Desyner(op): 5:05pm On Nov 13, 2017 |
mapet:My points are gradually being proven. The govt should be prioritizing refinement of of proven reserve we are currently exporting above any oil search, be it north or south. N-Power employed 200k people and paid N30k. I know oil can pay 5 times that and employ 2 times of N-power. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by mapet: 8:12am On Nov 14, 2017 |
Desyner:Hello Guys that are following this discourse. 1. @Desyner = don't worry, your "points" will be addressed in details 2. @Blue3k - I was suprised when I discovered I could not post yesterday. My free time expired and I had to attend to some other issues, especially for that which I make my daily bread so I had to wait till this morning3. If any body is following, pls do permit me some space to do a fairly extensive elaboration of this discussion. I believe we all have a thing or two to learn from this. Let me start by saying my discussion will cover these categories 1. History 2. Science 3. Politics 4. Economics and Commercial. I do not claim to be a bible of Oil and Gas business. I learnt it in my work, still learning and will share my experience. Secondly I am not a geologist, but have been "trained" by geologist, reservior engineers, drillers, and commercial leaders in the business. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by Desyner(op): 8:31am On Nov 14, 2017 |
mapet:No irrelevant facts please. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by mapet: 8:48am On Nov 14, 2017 |
So let me start by critiquing the article from Guardian that Desyner quoted. Last week when I read the article on via their tweeter handle, I commented that the piece was not thorough, one sided and incompetent. I say so because the writer(s) missed/omitted a lot of salient points that will put things into proper persepectives. Starting with the History of Exploration in the North - (I will try to be as brief as possible). I also encourage as many that will have time to do a lot of searches (google) and diligent study on these points 1. Exploration in the North actually started about the same time with the south. In fact exploration started in the whole of the then protectorate in the late 1800s. Shell D'Archy (as was then known) got the license from the British govt to explore both the North and South. They were "exploring" in both, but abandoned their Northern expedition when they made what the world deemed a "stroke of luck" successful commercial discovery at Oloibiri. It was reported that further work in what became Niger-Delta helped Shell to pay-off the £40m loan for the expedition. It made logical sense to ditch the license of the North and concentrate on where there was/still is Oil in abundance 2. Mobil (later Exxon Mobil) also started in the North, but also abandoned the search, because as at that time other IOCs started coming in, especially as Shell was making a "kill" with more discovery. 3. The point here is simply to state that the exploration of Oil in the North did not start with Buhari, neither was it an after thought. Scientist have submitted that the nature of sub-surface in the North, made of hard rocks due to trapping caused by volcanic activity most like made the search difficult, besides technology was at its infancy back then. Now these are the areas where I disagree with the writer @desyner quoted 1. While the writer(s) stated that oil exploration started in the North about 40yrs ago,(it actually started before then) she now accused Buhari of intensifying the effort to fulfill some political aspiration of the north. Lets pause a bit here. I find a disconnect in this statement. The writer did not tell the world what had happened within those 40yrs. May be, let's not bore ourselves with the 70s and 80s, even the 90s, let's quickly fast-forward to the 2000s. Do we remember an article submitted on NL by @PepERSprAY in 2008 Oil boom likely in Northern Nigeria -ExpertsAs at 201o, Diezani was Minister of Petroleum. Below were the efforts she led on Oil exploration in the north NNPC Intensifies Exploration Activities in Chad Basin...To Acquire 33, 550 sq km of 3-D seismic data for processing...As Diezani Alison-Madueke calls for strengthening of EffortsIn addition, in 2008 NAPE under the leadership of Kingley Ojoh (an executive director at Total) had this to say about exploration in the North that the Red sea, like the northern Nigeria "has once been written off in terms of oil exploration and discovery. It was written in black and white by some western explorationists that that region could not have oil deposits but with the aids of modern technology, it is today one of the finest region where oil is been explored in commercial quantity."Of late, the same NAPE under the leadership of Abidoun Adesanya had this to say 1. ........previous exploration in the inland basins was not good enough2. He said: “There is justification because we all know from the Chadian and Niger side, there’s been commercial discovery. It is the same sedimentary basin that straddles across these international boundaries, so we will be under-performing if we decide not to go and search on our side of the basin and other basins.Summary. 1. Oil exploration in the North had been and is a legitimate exercise, started by the "colonial masters", resuscitated in 1976, and had been pursued since then. 2. Virtually every govt in the advent of 3rd republic - Yar' Adua, GEJ and PMB had pursued the exploration in the North. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by mapet: 8:49am On Nov 14, 2017 |
Desyner:Relax. Are you scared? Facts are sacred. I am enjoying this already. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by horsepower101: 8:50am On Nov 14, 2017 |
mapet:Electric car is coming. That's all I will say for now. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by Desyner(op): 9:01am On Nov 14, 2017 |
mapet:Scared of what exactly? That Nigeria is losing hundreds of thousands of jobs? |
| Re: $3b Down The Drain, Oil In North Remains Elusive by omohayek: 9:01am On Nov 14, 2017 |
oduastates:Given how thoroughly the rent-seeking mentality has permeated Nigerian thinking after 47 years of oil money, probably not until the last barrel is extracted from Nigeria's territorial waters. The allure of eating without working is just too strong for Nigeria's leaders to overcome, especially given the limited education and intellect of most of the men who have been at the top. Does anybody really believe the likes of GEJ or Buhari are even aware that a company like Apple, which didn't even exist until 5 years after the Nigerian Civil War ended, now earns more in profits every quarter than Nigeria earns from oil revenues in a year? Nigeria is a third-rate country because it has always been run by third-rate leaders too stupid or greedy to realize that the path to development lies neither in more resource-extraction nor in returning to the subsistence agriculture of the past. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by Desyner(op): 9:15am On Nov 14, 2017 |
omohayek:This is why I am angry with the fact that we export unprocessed oil and in the process lose hundreds of thousands of jobs. We so used to quick money that some person won't let any refinery see the light of the day. Just export and share. |
| Re: $3b Down The Drain, Oil In North Remains Elusive by baralatie(m): 9:43am On Nov 14, 2017 |
Amberon11: |
| Re: $3b Down The Drain, Oil In North Remains Elusive by mapet: 9:54am On Nov 14, 2017 |
Secondly Let me address the science of it. I invite other experienced geologist who are following to comment as well. I will take my cue from some of the statement in the guardian article which I found factually incorrect or half-truths. Some of them are not explicit and skewed in my opinion (I may be wrong). Conventionally oil are found in "traps" (reservoir kitchen) found in basins. Hence exploration are attracted to these areas that are the entire Nigerian Frontier Sedimentary Basins - Chad, Anambra, Nasarawa, Bida, Dahomey, Gongola/Yola and the Sokota Basins alongside the Middle/Lower Benue Trough. So the writer argues that "While those in favour of the search disregard the economic waste, but are encouraged by the success of oil finds in neighbouring countries like Niger, Chad and others, geologists who are mindful of the soil composition of hydrocarbon reserves, think it’s an effort in futility". Two issues for me here. How did the writer come to the conclusion that it is an economic waste? Is it because we have spent $3b? Is there a comparative or benchmark spendings referred to that serves as basis to make this an economic waste? For example, is it that there is a science that is contrary to what the expedition in these area runs contrary to? Secondly, I would have expected to see an explanation of how the "soil composition of hydrocarbon reserves" in these "areas" are different. No where in the write-up did she explain how. How specifically is the "soil composition of hydrocarbon reserves" in the Chad basin in Nigeria different from that of Lake Chad?. See below how the second writer which I quoted explicated the science that justifies the expedition 1. ....“It is an incontrovertible fact that the petroleum system has been established in the frontier basins,” he says. “This includes finding a source rock, reservoir rock and a conduit that links the two. Once these have been established, there is encouragement to drill for further examination.2. “The Basin tectonics of the place is irrefutable. The evidence of the opening and closing of the Benue Trough is there – the Andesites.3. “Take Chad Basin: you have hydrocarbons on the Chad side but we have not been lucky to find them on our side in commercial quantities. Reason: sediment thickness, trapping conditions and geothermal history – looks like (emphasis mine) the volcanics that occurred in that trend (and there is evidence in the Biu area) may have resulted in “over cooking” and compromised the trapping. My conclusion: don’t walk away from such a basin. Invest in solid high fidelity data acquisition and processing, followed by AND accompanied by ‘okponku’ i.e. sound basin studies.4. “The same goes for Anambra basin – there the volcanics resulting from the failure of the ’opening of a sea’ linked to the Atlantic…..and maybe the Mediterranean! (plate tectonics) may have over cooked the sediments there.”Under the leadership of Diezani as Minister, NNPC justified the exploration as well Mrs. Alison Madueke as saying that "Though it is too early to be categorical, there is a possibility that we may find oil in commercial quantity in the Chad Basin because of the discoveries of commercial hydrocarbon deposits in neighboring countries of Chad, Niger and Sudan which have similar structural settings with the Chad Basin. . Therefore it is prudent to aggressively explore the Chad Basin for possible hydrocarbon deposits, ’’ the Minister stated.Toyin Akinoso, an ex-Chevron geologist and the Editor of Oil and Gas Report had this to say "He said: “There is justification because we all know from the Chadian and Niger side, there’s been commercial discovery. It is the same sedimentary basin that straddles across these international boundaries, so we will be under-performing if we decide not to go and search on our side of the basin and other basins.". Please note that it is this same man that debunked the incorrect impression that most of the oil blocks are owned by Northerners. Finally from NNPC/NAPE "But NNPC, and the new leadership of the Nigerian Association of Petroleum Explorationists (NAPE), are convinced that the data gathered so far from the inland basins showed possible signs of commercial hydrocarbon in the region." - even the old leadership of NAPE. Summary 1. The guardian writer did not back up her claims on the "the soil composition of hydrocarbon reserves" with any factual or scientific evidence. On the contrary scientist in the field has backed up their claims with data. 2. Science justifies the expedition and as such it cannot be deemed a economic waste (I will address this in detail under economic/commercial soon) |
| Re: $3b Down The Drain, Oil In North Remains Elusive by mapet: 9:55am On Nov 14, 2017 |
horsepower101:Give me some time, I will not only address the electric car issue, I will situate it in proper perspective. Keep your fingers crossed |
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so I had to wait till this morning