Friday, July 23, 2010

Is there Oil and Gas reserve in the Benue Trough located in the North central part of Nigeria?

THERE IS A LOT OF OIL AND GAS RESERVE IN THE NIGER DELTA REGION OF NIGERIA. IT IS BELIEVED THAT THE BENUE TROUGH LOCATED IN THE MIDDLEBELD TO THE NORTH OF THE NIGER DELTA MIGHT HAVE OIL AND GAS RESERVES. CAN SOMEONE DISCUSS THIS TOPIC?Is there Oil and Gas reserve in the Benue Trough located in the North central part of Nigeria?
There is indeed enormous amounts of oil and natrual gas in this region. China is looking to move into to partner with Nigeria to extract some of it. However, China like the multinational corporations that already work in the area is find the extraction very difficult.


The local people are suffering all the effects (environmental degradation and health problems) without any of the rewards like people in other oil regions have. The results are uprisings that have all but stopped the oil extraction down the delta to the sea.





Also, gas lines continue to be attacked, and Nigeria may suffer complete blackouts as these gas lines are used to provide energy to the hydro generating stations in the country. It would seem to get the locals onside, it might be a good idea to share the wealth and not poison their environment. It's a novel concept but might just work!





By the way, as Peaknik, I don't believe that Nigeria has the necessary reserves to turn the tide of Hubbert's Peak.Is there Oil and Gas reserve in the Benue Trough located in the North central part of Nigeria?
There are deposits of oil and gas in the Benue Trough. However, the viability of oil mining in the area and the Environmental Impact Assessment are yet to indicate that exploitation can begin.

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