Nigeria’s Natural Gas Reserve Leaps-DPR

Reported by Naomi Enikhe

Nigeria’s stock of natural gas is said to have risen to a staggering 206.53 trillion cubic feet, TCF. The disclosure is contained in a presentation made by the Directorate of Petroleum Resources, DPR. The figure is a far cry from the country’s 187 trillion cubic feet TCF, as at 2017.
The agency, which spoke through its managing director and chief executive officer, Sarki Auwalu while making a presentation at the Nigerian International Petroleum Summit on Thursday, added that the country’s declaration of the gas decade is also on course.
The figure, according to Auwalu, represents a combination of 100.73 trillion cubic feet, TCF, of Associated gas (gas discovered while drilling for oil stands at 100.73 and 105.80 trillion cubic feet, TCF of Non-Associated Gas reserves.
Auwalu, who praised independent field operators for playing a critical role in the development of the reserves, pointed out that indigenous producers have proven to be better at managing community agitations and navigating the challenge of limited funding by collaboration and sharing resources. According to him, the participation of Independents field operators in the country’s oil and gas industry has been growing even as International Oil Companies retreat due to a difficult operating environment marked by insecurity and endless agitations by communities where oil is explored.
“Now, they are making a difference. For example, Shoreline Natural Resources Ltd, an independent producer alone contributed to 2.5 TCF of this proven gas reserve. Nigeria attained the target of 200 TCF of 2P Reserves by the Reserve Declaration as of January 1, 2019, before the 2020 target year. As a department, we have continued to drive industry performance to grow reserves via dedicated gas exploration, deep drilling, optimal appraisal, field studies, and improved oil recovery,” Auwalu noted, adding that the increased reserve is critical to achieving progressive growth to the Decade of Gas for the country as declared by President Buhari in December 2020.

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