Tag: Gas flaring

Nigeria Ups Oil Reserves To 37bn barrels, Begins Crude Theft Audit

ADEOLA YUSUF

Here are the details of Country’s new position on mandatory conduct of gas well deliverability tests, gas flaring, below conventional oil window drilling, new automated model for IOCs local and foreign royalty payments; unique identifier for oil cargoes, among others   Nigeria’s total national oil reserves have surged to 37.046 billion barrels. Platforms Africa reports that the data obtained from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which contained this new reserves figure attained as at January 2022, added that the country has also begun a forensic audit of crude…

Read More

EXCLUSIVE: Nigeria loses 70,156MW electricity to gas flaring in 31 days

  A total of 17.174 bcf of gas burnt by Oil Producers in January can, based on available generation, power the entire nation for 20 days + JVs, PSCs and NPDC’s contributions to gas flaring in January   The volume of gas burnt by oil producers in Nigeria in 31 days of January could generate 70,156 Mega Watt (MW) of electricity, Platforms Africa reports authoritatively. Nigeria, Africa’s most populous nation with approximately 200 million people, is presently suffering from acute shortage in electricity supply blamed mostly by electricity generators on…

Read More