ibkgab001:
Sarrki n Buhari n NwaAimakpe


Have something in common

sarrki:
Mazi and his criminal bandits will remove SS from his map if he sees this

lagdmark:

We've had that before since 1990 still oil still dey .

olujastro:
Too many visionless and senseless have been ruling Nigeria at both Presidential and Ministerial levels since Independence. Only Kachikwu is trying to make a difference, though the work is MASSIVE.
In Nigeria if gas flaring isn't part of a production platform design, the platform is not complete. We just waste all our gas and wantonly pollute the environment. While the DPR Offshore personnel (taking instructions from their Ogas at the office) who are supposed to monitor flaring levels and ensure the Oil companies pay heavy fines for flaring collude with the companies to manipulate the flare figures and fines. Corruption runs deep in all of una blood.
Whereas in Norway you dare not flare a single cubic metre of gas. Flaring is totally forbidden and your company will go down. All the sales gas goes straight to Europe. They've even gone ahead to implement carbon capture from other emission sources and they cut taxes for companies who do so.

Honestly the problems to be solved in Nigeria are so many that if I'm invited to be president right now, I no collect. Maybe 20yrs time will be a good time. Hopefully, by then there'll be less tribalism and religiosity from town criers who always carry microscope to cry foul in every single action of govt.

FabioPeter:
30 years [(bbl)/(bbl/year)] is based on current depletion rate and reserve. Interestingly, more oil is discovered deep offshore and recently Lagos, our reserve is increasing and our production quota is constant, we hardly even meet it no thanks for unrest in the Niger Delta.
Another important factor is the cost per barrel which determines the economic viability of exploration and production. Its misleading to put a date on the the depletion of oil, there are too many variables.

sarrki:
Mazi and his criminal bandits will remove SS from his map if he sees this

stevebond007:

Cars using hybrid are getting cheaper
Oil rich countries are already looking for alt aside Oil

Stone age didn't end because of lack of stone.

Fossil fuel will remain competitive world over at least in the next 100yrs for several reasons, Coal is still much around , secondly, the so called alternatives in their manufacturing chain still have a way of reporting to fossil, most alternatives are still at research stage while their production cost is unrealistic, If technology doesn't advance to producing a battery with 30 days single charge run, then the so called alternative will never be competitive alternatives.

jpphilips:


Fossil fuel will remain competitive world over at least in the next 100yrs for several reasons, Coal is still much around , secondly, the so called alternatives in their manufacturing chain still have a way of reporting to fossil, most alternatives are still at research stage while their production cost is unrealistic, If technology doesn't advance to producing a battery with 30 days single charge run, then the so called alternative will never be competitive alternatives.

stevebond007:

What is the coal doing now?
Except to make barbeque

Educate me further sir

jpphilips:


Coal generate massive amount of electricity for China, Canada and india, Google is there for a reason right?

stevebond007:

I said educate me
Thanks
No need to be sarcastic
And I bet the coal is just for mere use its not the main source of the generation bulk

My point it pays to look beyond fossil fuels
#greenenergy

China’s energy mix continues to evolve. While coal remains the dominant fuel, accounting for 64% of China’s energy consumption, this was the lowest share on record and down from recent highs of 74% in the mid-2000s.

Source: China’s energy mix continues to evolve. While coal remains the dominant fuel, accounting for 64% of China’s energy consumption, this was the lowest share on record and down from recent highs of 74% in the mid-2000s.

Blue3k:


Lol stop betting start researching. Yes we should look into renewables. The federal government plan get coal to be 30% of energy mix. Also the federal government is encouraging renewable mini grids.

sarrki:
Mazi and his criminal bandits will remove SS from his map if he sees this

jpphilips:



I think people like you are part of the problem when you choose a convenient narrative that suite your objective.
Before you can stop flaring, you must make the infrastructural investments that will utilize your associated gas, Nigeria is at that level now, we have very minimal flare facilities, we have done several gas conversions and gas to power projects to utilize these gases against flaring it.

What Norway did differently like you mentioned was that companies investing in those gas conversion infrastructure got some tax rebate from the Govt that move attracted more investors that sped up their process, even at that, Norway will not completely eliminate flaring till 2030.
We have equally explored that option with several processes but the so called tax rebate was not enough to attract the required investments that could push up our time table because of Insecurity. Nigeria's Niger delta is high risk hence very few risk takers take the plunge unlike Norway.

The issue of flaring fines became counter productive not like it was eliminated by corruption, though there are still some corrupt tendencies esp where the last administration smuggled in flaring permit for a fee in the PIB. Basically, the flaring fine fell because our NNPC holds majority stake in the JV while the foreign and local partners are the operators, so the bulk of the fine goes back to the NNPC in a case of the government finning itself.

Really? Nigeria is at that level? I always say things the way they are, no time for window dressing.
I hope you know enough of what you say. All the fields that have been developed in the last ten years, tell me which one that doesn't flare gas anyhow apart from Agbami FPSO? Erha flares, Usan flares, even Akpo that's more of a gas field with subsea pipelines to Bonny still flares. Escravos fields still flare despite EGTL.