Nigeria’s crude oil to dry up in 37 years, except…

Date: 30-11-2011 8:22 am (12 years ago) | Author: Juliet Odis
- at 30-11-2011 08:22 AM (12 years ago)
(f)
LAGOS — EXCEPT the Federal Government urgently creates aggressive policies of hydrocarbon reserves replacement, geologists and other stakeholders in the oil sector have raised an alarm that the nation’s crude oil reserve would be totally depleted in the next 37 years precisely by 2048.

Stakeholders are currently worried that with a production output of 2.5 million barrels of oil equivalent per day, Nigeria currently depletes about 1 billion barrels of crude oil annually from its 37.2 billion barrels of hydrocarbon reserves.

This was the position of Mr. Guy Maurice, Managing Director of Total Upstream Companies in Nigeria, at the opening of the 29th Annual International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists, in Lagos, yesterday.



Read more...
http://www.vanguardngr.com/2011/11/nigeria%E2%80%99s-crude-oil-to-dry-up-in-37-years-except%E2%80%A6/

Posted: at 30-11-2011 08:22 AM (12 years ago) | Upcoming
- chicco77 at 26-08-2012 07:59 AM (11 years ago)
(f)
 Huh? Huh?
Posted: at 26-08-2012 07:59 AM (11 years ago) | Addicted Hero
Reply
ReplyFollow
Login To Post Reply

Latest Updates

EFCC Boss, Olukoyede Faces Visa Ban Threat Over Yahaya Bello's Case

Moses Bliss Reacts After A Troll Bashes Him For Allowing His Wife Preach Whenever They Go For Events

Brickhall School And Ovoke Family Issue Press Statement After Burial Of 4 Year Old

Reaction As Davido Likes Tweet Calling Samklef A ‘Fool At 40’

One Shot As Soldiers Break Out Of Their Cells To Protest Poor Welfare In Sokoto

Singer, Fireboy Dismisses Rumour Of Rivalry With His Colleague, Asake

Manchester United v Arsenal: English Premier League Match,Team News,Goal Scorers and Stats

Your First Salary Belong To Your Father For His Blessings Not to Your Pastor - Kanayo O. Kanayo

I Vow To Keep Trolling Actress Bimbo Ademoye - Actor Deyemi Okanlawon Reveals Why

More Featured Topics

fire TRENDING GISTS fire

THIS WEEK

  1. Onanuga Shares A Post Alleging Peter Obi Demarkets Nigeria, Calls Him ‘Bitter Obi'

  2. Focus On Fall Of Naira, Insecurity – Charly Boy Drags Onanuga For Tagging Peter Obi As ‘Bitter’

  3. Actors In Nollywood Films Used To Be Cast Based On Social Media Followers – Uzor Arukwe

  4. Suspected Sextortion Blackmailer, Olamide Made £2m Vows To Release Embarrassing PIC/VID Of Boys

  5. Mercy Johnson Was With us in The Boat - Survivor of Boat Accident That Killed Jnr Pope Reveals

  6. Late Buhari Oloto's Wife, Alhaja Alimotu Sadia Oloto a.k.a IYA OYO Is Dead

  7. Nigerians React To Tinubu-Led Administration’s Cybersecurity Levy

  8. CBN Extends Suspension of Charges on Cash Deposits

  9. If I Buy You A Flight Ticket, Am I Suppose To Tell You To Wear Seat Belt – Adanma Luke Attacks

  10. Reactions As Mohbad’s Father Completes Renovation Of Family House In Ekiti State

TOP MEMBERS:
  • gogoman 554
  • felicilin 319
  • fineboy77 315
  • Holopid 153
  • kp45 115
Read More

Featured Topics

. EFCC Boss, Olukoyede Faces Visa Ban Threat Over Yahaya Bello's Case

. Moses Bliss Reacts After A Troll Bashes Him For Allowing His Wife Preach Whenever They Go For Events

. Brickhall School And Ovoke Family Issue Press Statement After Burial Of 4 Year Old

. Reaction As Davido Likes Tweet Calling Samklef A ‘Fool At 40’

. One Shot As Soldiers Break Out Of Their Cells To Protest Poor Welfare In Sokoto

. Singer, Fireboy Dismisses Rumour Of Rivalry With His Colleague, Asake

. Manchester United v Arsenal: English Premier League Match,Team News,Goal Scorers and Stats

. Your First Salary Belong To Your Father For His Blessings Not to Your Pastor - Kanayo O. Kanayo

. I Vow To Keep Trolling Actress Bimbo Ademoye - Actor Deyemi Okanlawon Reveals Why

. UK-based Nigerian G@y Man Laments How Family Pressures Him To Marry A Woman Despite His Status

. Nottingham v Chelsea: English Premier League Match,Team News,Goal Scorers and Stats

. Fulham v Manchester City: English Premier League Match,Team News,Goal Scorers and Stats

. JUST IN! Gov. Fubara Relocates Rivers Assembly Sitting To Government House

.. 9yr Old Boy Stabs His 10yr Old Classmate to Death on Their Home From School

. After God Fear Men - Shallipopi's UK Girlfriend Says After She Caught Him Cheating (Video)

. Marriage is Not a Trap – Real Warripikin Calls Out Abuja Single Men (VID)

. Etinosa Idemudia Further Drags BBNaija Pere For Defrauding 3 Other Producers of Their Money

. Passenger Dies As Car Collides With Truck At Isolo, Lagos Under Bridge

. Motorcyclist, Afeez Mustapha Lands In Police Net For Raping Female Passenger In Ogun

. Meghan Markle Stayed Silent During Prince Harry’s Speech Over Fears Of ‘Causing Controversy’

. Police Arrest Five Suspects For Thuggery, Robbery In Niger State

. Adorable Moment NYSC Member Presents First Allowance Of ₦33,000 To Her Parents, Salutes Them

. These Before And After Photos Of A Married Lady After Divorce Spark Reactions

. VIDEO: Prince Harry, Meghan Arrive Defence Headquarters In Abuja

. Pastor Tobi Adegboyega Caught in Flirtatious Exchange with Ezinne Dora Kayode (Phone Call)

. UPDATE: Court Blasts Ex Kogi Gov. Yahaya Bello, Restates Order For His Arrest

. "All Abducted Kogi University Students Will Be Rescued Alive" -Govt Vows

. BREAKING: House Of Reps member, Isa Dogonyaro Is dead

. 39 Suspected Internet Fraudsters Arrested In Benin

. Man, Bello Arrested In Kano For Allegedly Killing Friend Because He Could Not Repay N3m Debt

More Featured Topics