1、Innovative Solutions for Gas Flare Reduction and Gas Utilisation-The NGFCP OpportunityNIGERIAN UPSTREAM PETROLEUM REGULATORY COMMISSION Technical Paper at the SPE Nigerian Council SummitJune 2024NIGERIAN UPSTREAM PETROLEUM REGULATORY COMMISSION Outline2 Our Petroleum Base Oil&Gas Facts&Figures Gas a
2、s a Transition Fuel Gas Flaring in Nigeria NGFCP Implementation A Paradigm Shift Status,Next Steps and Lessons Learnt Look aheadSignificant Potentials for Growth in the Oil&Gas-Based Industrial EconomyNigeria Petroleum Resource BaseNIGERIAN UPSTREAM PETROLEUM REGULATORY COMMISSION Gaps=Opportunities
3、Reserves of 37.5Bln bblsCrude Oil is of premium grade and sweetTechnical Production capacity of 2.5 MMBDPRReserves of 209.26TCF Sweet and rich in high-value liquidsProduction 7 BSCFDOilHistorical production of about of 1.5 MMBGas Resources Potential of 600 TCFPotentials in Frontier and Inland Basins
4、Increased Potentials from Deep Drilling and Inland Basin potentialsGasCURRENT 2P GAS RESERVES METRICSReserves Life Index97.99 yearsReserves Replacement Ratio 1:1.2Hinged on completion of key gas development/infrastructure ProjectsASSOCIATED GAS(TCF)NON-ASSOCIATED GAS(TCF)AG+NAG(TCF)102.59 106.67209.
5、26Plot showing Increased RRR and Life Index.Primarily from Reporting New Field Discoveries,Reserves Revisions by PPL Awardees and other OperatorsNIGERIAN UPSTREAM PETROLEUM REGULATORY COMMISSION 20247.02*6.91BSCFD209.23208.83TCF2023Gas ReservesGas ProductionExport MarketDomestic MarketField/Plant Us
6、eFlareLNG/WAGP7.38%7.57%32.32%28.74%25.96%29.15%34.08%34.54%208.627.5238.14%24.02%29.98%7.49%2022Reserve volumes are as at the 1st January each yearPOWER/INDUSTRIAL/COMMERCIALFUEL/GAS LIFT/RE-INJECTIONFLAREGas Performance DashboardNIGERIAN UPSTREAM PETROLEUM REGULATORY COMMISSION Gas is PowerGas is