- The Department of Petroleum Resources (DPR) has stated that Nigeria’s gas reserves of 188 trillion cubic feet (TCF) would be exhausted within 79 years from January 1, 2015.
- Speaking at a recent meeting of the Nigerian Gas Association (NGA) in Lagos, DPR’s Deputy Director in charge of Gas Monitoring and Regulation, Mr. Antigha Ekaluo noted that 52 per cent of Nigeria’s gas is Associated Gas (AG), while 48 per cent is Non-Associated Gas (NAG).
- On the distribution of the gas reserves on terrain basis, Ekaluo further stated that swamp accounts for 28 per cent of the gas; deepwater (12 per cent); offshore (three per cent); while land accounts for the remaining 30 per cent.
- Also explaining the distribution of the gas reserves by contract type, the DPR Deputy Director said indigenous producers accounted for 13 per cent of the gas; marginal fields (two per cent); Production Sharing Contract (12 per cent) and Joint Venture (73 per cent).
- According to him, Nigeria ranks 7th in the world and Number One in Africa in gas reserves base. While disclosing that gas potentials exist in inland basins – Benue Trough, Borno and Anambra, Ekaluo stated that out of the 188TCF reserves figure, some volumes are stranded, stressing also that natural gas accumulation mainly concentrated in the Niger Delta Basin.
- Source Thisday