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Cite as
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Vollständiger Titel
ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT
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Verlag
FrancoAngeli
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ISSN
2280-7659 (Gedruckte Zeitschrift)
2280-7667 (Online-Zeitschrift)
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Nummer der Ausgabe
2
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Andere Beschreibung der Ausgabe
2
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Erscheinungsdatum der Ausgabe
2024
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Vollständiger Titel
Unitization in the oil and gas industry in Nigeria: Challenges, benefits, and regulatory framework
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Von (Autor)
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Erste Seite
69
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Letzte Seite
86
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Sprache des Textes
Englisch
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Erscheinungsdatum
2024/11
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Copyright
2024 FrancoAngeli srl
Abstract/Hauptbeschreibung
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.
Zitierungen des
10.3280/EFE2024-002004
Unstructured Zitierung
Adebayo, F., Okoro, J. (2019). Future Prospects of Unitization in Nigeria: Technological Innovations and Research Directions. Nigerian Journal of Engineering and Technology, 7(2), 125136.
Unstructured Zitierung
Agbejule, A., Oyedepo, O. (2017). Case Studies of Unitization Approvals in Nigeria: A Comparative Analysis. Journal of Energy Research and Reviews, 4(3), 12-23.
Unstructured Zitierung
Ajayi, A., Adegboyega, A. (2021). Unitization and National Development Goals: A Nexus Analysis. Nigerian Journal of Energy and Power Research, 13(2), 230-245.
Unstructured Zitierung
Akpan, U. F., Alimi, A. M. (2021). Regulatory Framework for Unitization in Nigeria’s Oil and Gas Sector: A Comparative Analysis. African Journal of Economic Review, 9(1), 20-37.
Unstructured Zitierung
Anyanwu, J., Ibe, A. C. (2022). Technological Innovation and Unitization in Nigeria’s Oil and Gas Industry: A Study of Digital Solutions. International Journal of Energy Economics and Policy, 12(3), 158-170.
Unstructured Zitierung
Anyaogu, I. (2022, November 17). Nigeria misses millions of dollars on failed Brass, Olokola LNG projects. Businessday NG. Retrieved from - https://businessday.ng/energy/oilgas/article/nigeria-misses-millions-of-dollars-on-failed-brass-olokola-lng-projects/.
Unstructured Zitierung
Idigbe, E. O. (2017). Challenges of Unitization in the Nigerian Oil and Gas Industry. Journal of Energy and Natural Resources Law, 35(4), 385-407.
Unstructured Zitierung
Ihetu, G. (2019, February 27). Nigeria incurring huge losses over stalled $30bn LNG projects – Experts. Punch Newspapers. Retrieved from - https://punchng.com/nigeria-incurringhugelosses-over-stalled-30bn-lng-projects-experts/.
Unstructured Zitierung
NNPC (2020). Guidelines for Unitization of Oil and Gas Fields in Nigeria. Nigerian National Petroleum Corporation.
Unstructured Zitierung
Nwankwo, N. (2018). Socioeconomic Considerations of Unitization in Nigeria: Implications for Local Communities. Journal of Sustainable Energy and Environment, 9(2), 89-104.
Unstructured Zitierung
Oladipo, O. (2020, January 28). Nigeria’s gas vision blighted by Brass, Olokola LNG projects failure. Businessday NG. Retrieved from - https://businessday.ng/exclusives/article/nigeriasgas-vision-blighted-by-brass-olokola-lng-projects-failure/.
Unstructured Zitierung
Oladipo, O. (2020, October 20). Despite producing nothing, the OK LNG project cost Nigeria N991 million in one year. Businessday NG. Retrieved from - https://businessday.ng/oiloneyear/.
Unstructured Zitierung
Olagunju, M., Ajaero, C. (2019). Lessons from International Best Practices: Case Studies in Unitization. Energy Policy Research Journal, 2(1), 45-56.
Unstructured Zitierung
Olaleye, O., Ogbodu, O. (2020). Stakeholder Collaboration in Unitization Negotiations: Case Study of the Ukpokiti Field. Journal of Petroleum Economics and Policy, 10(2), 20-35.
Unstructured Zitierung
Olanipekun, O., Afolabi, A., Oyekola, O. (2018). Coordination Challenges in Unitization Negotiations: Lessons from Nigeria. Journal of Oil and Gas Research, 4(2), 235-242.
Unstructured Zitierung
Onyemelukwe, C., Ogujor, E. (2020). Unitization and Sustainable Energy Development: Aligning Nigeria’s Goals. Renewable and Sustainable Energy Reviews, 120, 109650.
Unstructured Zitierung
Osemwegie, O. O. (2017). Environmental Impacts of Unitization in Nigeria’s Oil and Gas Industry: Challenges and Mitigation Strategies. Journal of Environmental Management, 210, 223-231.
Unstructured Zitierung
Owoeye, J., Dike, E. (2018). Comparative Study of Unitization Models: Insights from International Cases. International Journal of Oil, Gas and Coal Engineering, 6(1), 1-13.