Thursday 26 April 2012

Nigeria’s oil deposits may dry up in 2054 – expert




BY JUDE OWUAMANAM


Chairman of Petroleum Technology Development Fund Professorial Chair of the University of Jos, Prof. Emmanuel Ogezi, has predicted that Nigeria’s oil deposits may dry up completely in 40 years with the present rate of oil exploitation.
He said the only way to increase the country’s oil reserves is through extensive research to discover more oil deposits.
Ogezi stated this while presenting a paper entitled, ‘Geology, Petroleum, Mineral and Environmental Resources of the Benue Trough, Nigeria-Opportunities and Challenges,’ at the PTDF professorial chair endowment in Geology seminar at the University of Jos on Friday.

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