Ofosu as an alternative source of oil, in the event of an increase demand in oil use and/or depletion and exhaustion of the current Nigerian oil reserves which stand at 36billion barrels. With the current exploitation rate of 2.4million barrels per day, it is estimated that the current Geological Overview of Oil Shale. Oil shales differ from oil-bearing shales, shale deposits which contain petroleum (tight oil) that is sometimes produced from drilled wells. Examples of oil Considering both oil and gas, the overall success ratio for exploration drilling is as high as 45% (Kulke, 1995; figs. 2A and 2B). Exploration of the small portions of the Niger Delta in Cameroon and Equatorial Guinea began much later than in Nigeria. Recoverable oil and gas (produced plus proved reserves) are much smaller than in Nigeria. The Alberta Energy and Utility Board estimates that these contain about 1.6 trillion barrels of oil - about 14% of all of the world's total oil resource. The largest deposit is the Athabasca Oil Sands [1]. Location of Alberta oil sands deposits: Map showing the location of the Athabasca, Cold Lake, Nigeria produced more than 2.4 million barrels of oil per day in 2014 to rank as the 13th-largest oil producer in the world. The country has produced between 2.1 million and about 2.6 million
Preliminary studies on the lithostratigraphy and depositional environment of the oil shale deposits of Abakaliki Anticlinorium, southeastern Nigeria. OA Ehinola a specific gravity scale developed by the American Petroleum Institute for measuring the Oil Mining Licence in Nigeria including coal or bituminous shale or other stratified deposits from which oil can be extracted by destructive distillation). Drip gases, and liquid hydrocarbons produced from tar sands, oil sands, gilsonite , and oil shale. Liquids produced at natural gas processing plants are excluded. 6 May 2018 Environmental implications of the oil shale deposits in the Abakaliki Anticlinorium ,Southeastern Nigeria//oil shale.2005. Vol22 No.1, Pg5-19.
6 Jan 2020 Namibia is offering 5% royalties on what might be a productive shale play in Nigeria is home to about 37 bn barrels in oil reserves. And while Includes crude oil, shale oil, oil sands and NGLs ( the liquid content of natural gas where this is recovered separately). Excludes liquid fuels from other sources From proven oil reserves of 132 billion barrels, Africa produced nine million barrels 91% of the annual natural gas production of 7.1Tcf coming from Nigeria ,. Libya The 2013 PwC Shale Oil report suggests that shale oil could significantly. 16 Oct 2018 Is the Nigerian Oil & Gas Sector on the Road to Recovery? The company practices oil development under the authority of the Southern Nigeria Mining of discount US shale oil has hurt demand for Nigerian crude oil. At 2 million barrels of oil per day, Nigeria is Africa's largest oil producer, and its proven crude oil reserves are second only to Libya's on the continent. In West Africa, the figures for oil reserves in Nigeria and Angola have risen by 17 Gb sands, shale oils and tar shales; for natural gas, it means tight gas from
13 Jul 2017 Oil shale deposits can be considered as an immature oil field.7 Nigeria has Africa's largest reserves of oil and gas within its borders and most since oil revenue dominates Nigeria's Federation Account, the sharing of oil rents govern intergovernmental 240 billion tons of accessible oil shale reserves. Nigeria has an oil shale deposit of high economic value and this is found in Imo (Okigwe) and Abia State, other Africa countries with oil shale reserve includes South Africa, Egypt and Madagascar. Just like tar sand that has a significant amount of oil rich bitumen, oil shale also have a quite amount of oil which can be used to produce various grades of petroleum products. An oil shale deposit, possibly of high economic value and corresponding to the Turonian Ezeaku shale (lower Nkalagu formation) of the Lower Benue Trough, was found in a 1.5 × 1.0 km belt in Lokpanta near Okigwe, in Imo State, Nigeria. Oil reserves in Nigeria. Although Libya has more reserves, there were 37.2 billion barrels (5.91×10^ 9 m 3 ) of proven oil reserves in Nigeria as of 2011, ranking the country as the largest oil producer in Africa and the 11th largest in the world, averaging 2.28 million barrels per day (362×10^ 3 m 3 /d) in 2006. Therefore,as the revenue from crude oil dwindles, Nigeria should begin to invest in the development of shale oil and gas without necessarily waiting for the end of the non-renewable hydrocarbon era, estimated on a reserve-to-production ratio of 42 years for crude oil and 152 years for natural gas, at an average of 2.2 million barrels per day. In Nigeria, oil shale deposits are abundantly located mostly in Benue, Bornu, Adamawa, and Ebonyi States; and there are also potentials for shale gas in the Niger Delta region.
An oil shale deposit, possibly of high economic value and corresponding to the Turonian Ezeaku shale (lower Nkalagu formation) of the Lower Benue Trough,