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THIS DOI METADATA WAS LAST UPDATED: 2025-03-11 12:02
Cite as
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Full Title
ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT
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Publisher
FrancoAngeli
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ISSN
2280-7659 (Printed Journal)
2280-7667 (Online Journal)
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Journal Issue Number
2
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Journal Issue Designation
2
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Journal Issue Date
2024
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Full Title
Unitization in the oil and gas industry in Nigeria: Challenges, benefits, and regulatory framework
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By (author)
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First Page
69
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Last Page
86
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Language of text
English
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Publication Date
2024/11
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Copyright
2024 FrancoAngeli srl
Main description
Unitization is an essential strategy for Nigeria's crucial oil and gas sector, aimed at collaboratively managing hydrocarbon reservoirs across various leases. This study delves into its complexities, including challenges like ownership conflicts and technical issues, alongside benefits such as enhanced resource recovery and shared technology. Despite these obstacles, unitization promises improved efficiency and sustainable development by fostering cooperation, reducing waste, and promoting responsible extraction practices. The research highlights the necessity of a robust regulatory framework, clear communication, and stakeholder collaboration for unitization to succeed. It concludes that by embracing unitization, Nigeria can advance its energy industry sustainably, aligning with national objectives and ensuring economic and environmental benefits.
Reference list of
10.3280/EFE2024-002004
Unstructured Citation
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