The Nigerian proven gas reserve is now reported to be at 206.53 trillion cubic feet (tcf) as of January 2021, this was made known by the Department of Petroleum Resource (DPR)
During the Nigeria International Petroleum Summit held in Abuja on Thursday 10th June, 2021, Mr. Sarki Auwalu, Director, DPR, made this known.
There was hence an increase of about 1.66% as against the 203.16tcf recorded during the corresponding date (Jan. 1, 2020) of the previous year.
During his speech, Mr Sarki Auwalu said the increase in the proven gas reserve will help Nigeria to transform into a Gas Powered economy by 2030, which will be in support of the “Decade of Gas Initiative”
He made his audience to understand that Nigeria is not only blessed in Natural Gas reserves but also in Human resources, and therefore has all it takes to thrive and attract investments in the economy.
“Nigeria’s Natural Gas Reserves as of Jan. 1, 2021, stands at 206.53tcf. Associated Gas is 100.73tcf and Non-Associated Gas is 105.80tcf, making a total of 206.53tcf…Nigeria is positioned to optimally develop its oil and gas resources for the benefit of its 200 million shareholders. Indigenous operators have a significant role to playMr Sarki Auwalu
He said that the Nigerian Government will support the indigenous and marginal field operators to grow, share and enhance participation in the sector for wealth and creation of value.
See how this new tool is affecting LWD
For constant updates on energy-tech and related job offers join our WhatsApp group chat