2020
DOI: 10.2139/ssrn.3668551
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Managing Abandonment Issues in Nigerian Oil & Gas Industry

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Cited by 4 publications
(6 citation statements)
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“…Nigeria is among the world's largest oil-producing nations. Between 1970 and 1999, the domestic market produced almost $231 billion in oil revenue for the Nigerian economy, or between 21 and 48% of the nation's GDP (Heymans & Pycroft, 2005) According to the 2017 OPEC database, Nigeria's proved oil reserves totaled 37.5 billion barrels as of the end of 2017 and produced an average of 2 million barrels per day (Ojukwu et al, 2020) with the Niger Delta area being the epicenter of crude oil extraction (Crayton & Fisk, 2020). With billion barrels of confirmed oil reserves, the Nigerian government receives around $20 million every day from its crude oil resource (Oviasuyi & Uwadiae, 2009).…”
Section: Infrastructure Within the Deltamentioning
confidence: 99%
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“…Nigeria is among the world's largest oil-producing nations. Between 1970 and 1999, the domestic market produced almost $231 billion in oil revenue for the Nigerian economy, or between 21 and 48% of the nation's GDP (Heymans & Pycroft, 2005) According to the 2017 OPEC database, Nigeria's proved oil reserves totaled 37.5 billion barrels as of the end of 2017 and produced an average of 2 million barrels per day (Ojukwu et al, 2020) with the Niger Delta area being the epicenter of crude oil extraction (Crayton & Fisk, 2020). With billion barrels of confirmed oil reserves, the Nigerian government receives around $20 million every day from its crude oil resource (Oviasuyi & Uwadiae, 2009).…”
Section: Infrastructure Within the Deltamentioning
confidence: 99%
“…According to estimates, the region's flaring releases around 45.8 billion kilowatts of heat and 1.8 billion cubic feet of gas into the atmosphere each day (Olurin & Agbola, 2003). According to these statistics, Nigeria is projected to have at least 374 oilfields to decommission in the future, with as many as 351 of those fields and 3002 wells already being past their expiration date (Ojukwu et al, 2020).…”
Section: Infrastructure Within the Deltamentioning
confidence: 99%
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“…In another paper, Prasetya et al 100 estimated the cost of well abandonment in Block “G,” South Sumatra to be around USD 60 000 to USD 1 500 000 depending upon the well depth and integrity issue (good, moderate, and poor). Ojukwu 101 estimated the cost of onshore well abandonment in Nigeria will be around 1 million per well, not including the cost of facility decommissioning and removal, field location restoration, and site reclamation. The figure will be considerably higher should these aspects be included in the calculation.…”
Section: Economic Considerationmentioning
confidence: 99%