Page 3 - நைஜீரியன் திரவமாக்கப்பட்டது இயற்கை வாயு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Momodu Abutu (AFRICAN EXAMINER) – Mother Nature has a way of depositing its vast treasures wherever it pleases. In the wonderful world of hydrocarbons, these resources are either placed onshore (on land) or offshore (in water). Beneath the hidden depths of world’s seas ranging from a few hundreds to several thousand feet (called deepwater), therein lie vast fortunes of oil and natural gas resources. These resources have the capacity to boost world economic growth and play a vital role in the future of the rapidly changing global energy mix. It is on record that Nigeria is fortunate to have its own fair share of the world’s deepwater endowments.  data show that the country produces almost 10% of the global deepwater oil production in recent times.  Moreso, the deepwater terrain has become extremely significant in Nigeria’s energy space representing almost half of the nation’s oil production and holding about 35% of the country’s oil reserves.

United statesMomodu abutuBookert washingtonMele kyariOil mining leaseOil industryInternational oil companies iocs contractorsCompany snepcoLegendary leadershipNext billion barrelspostedInternational oil companiesProduction sharing contractNiger deltaNigerian liquefied natural gasEsso explorationNigerian agip exploration