Tuesday, November 1, 2011

Nigeria gas reserves stagnate in 6 years

31 October 2011

In Sweet Crude ..

The Nigerian Association of Petroleum Explorationists, NAPE, has said that Nigeria’s gas reserves have remained stagnant in the last six years.

Speaking at the pre-conference workshop of the association in Lagos recently, the Managing Director, Niger Delta Petroleum Resources, Mr. Layi Fatona, said Nigeria is not discovering new gas due to lack of exploration activities.

He said, “Nigeria is not discovering new gas and the only way to discover new gas is to do exploration work, and to do more exploration work is to have more investments and what that tells you is that nobody is investing in oil exploration and gas operation. All the gas we have found is through exploration for oil and if we have not found new gas it means we have not been exploring for oil.”

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