Oil Companies look into Niger Delta Hydrocarbon Decrease.

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In order to conduct research on the decline of hydrocarbons in the Niger Delta, Green Energy International Limited/LekOil Joint Venture signed a Memorandum of Understanding with the Federal University of Technology, Akure.

In order to improve hydrocarbon exploration and exploitation, the GEIL/LekOil partnership, which makes up the Otakikpo JV, went into a five-year research arrangement with FUTA as its academic research partner and provided the university with a N100m grant.

For a high priority project that evaluates fundamental concerns such porefill prediction, use of seismic and well data log-in predicting and monitoring reservoirs in the Otakikpo field, and human capital development, FUTA will get $135,000 in funding.

He claimed that the study would lessen the dangers of drilling dry wells and other related dangers including blow-outs and trapped drilling. The project’s success could see more production wells being brought online to increase crude oil reserves in the Niger Delta.

Punch

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