Nigeria’s Proven Gas Reserves Rise To 206.53tcf – DPR

The new figure represents an increase of 3.37tcf, representing 1.66 per cent percentage increase over the 203.16tcf recorded in the corresponding date of Jan. 1, 2020.

DPR director, Mr Sarki Auwalu, who made this known yesterday in Abuja at the 2021 Nigeria International Petroleum Summit, said the growth of gas reserves was a critical lever to achieving the federal government’s “decade of gas initiative’’, aimed at transforming Nigeria to a gas-powered economy by 2030.

Auwalu said: “Nigeria attained the target of 200tcf of natural gas reserves by the reserve declaration as at Jan.1, 2019, before the 2020 target“As a department, we have continued to drive industry performance to grow reserves via dedicated gas exploration, deep drilling, optimal appraisal, field studies and improved oil recovery.

“It is, therefore, my pleasure to formally declare the national gas reserves position as at Jan. 1, 2021 at this important forum.

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