NAPE 2013: Thoughts on Nigerian Oil

I was at the 31st  edition of the National Association of Petroleum Explorationists (NAPE) annual conference and exhibition which held from the 10th-14th November . This was my first experience  of this largest gathering of Nigerian geoscientists related to the Petroleum Industry and it was an opportunity to feel the pulse of the Nigerian oil industry…

In and Around the Rift: Nigeria at Night

The National Aeronautical and Space Agency (NASA) unveiled images of the Earth as it looks at night during the ongoing American Geophysical Union (AGU) fall meeting in San Fransisco, USA. The images are from the  new NASA and National Oceanic and Atmospheric Administration (NOAA)  Suomi NPP satellite and are a composite of cloud free images acquired throughout…

Enhancing Oil

The Department of Petroleum Resources (DPR) in their third quarter report on the petroleum industry announced that the country’s oil reserves may dry up in the next 45 to 50 years. Their calculations were based on the estimates of the nation’s proven plus probable oil reserves which stood at 32.39 billion barrels plus 5.19 billion barrels of condensate as at January 2008. With current production levels at 2.108 million barrels a day and an estimated 730 million barrels per year the DPR expects a 2.23% reserves depletion rate and 45.75 years reserve index. These announcements, alarming as they sound, are based on current reserves and do not take into account though undiscovered reserves in promising areas like the deep offshore Niger Delta, the Anambra and Chad basins plus extra oil that may be obtained in the future through enhanced recovery.