PETROLEUM INDUSTRY REFORM IN NIGERIA: SIMULATION ...
PETROLEUM INDUSTRY REFORM IN NIGERIA: SIMULATION ...
PETROLEUM INDUSTRY REFORM IN NIGERIA: SIMULATION ...
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Petroleum Industry in Nigeria<br />
• Nigeria ranks among the top 10 nations in proved oil and<br />
natural gas reserves worldwide.<br />
• The largest oil producer in Africa; 7 th in OPEC; but fifth largest<br />
economy in OPEC.<br />
• As of January 1, 2010, the estimated crude oil and natural gas<br />
reserves are 37.2 billion barrels and 185.4 trillion cubic feet<br />
(TCF).<br />
– The target to expand its proven oil reserves to 40.0 billion barrels and<br />
increase its production capacity to 4 million barrels per day by 2010 is<br />
impracticable with less than three months to go.<br />
OOILEDARE 3<br />
OOILEDARE<br />
USAEE 2010, Calgary, Canada
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