This edition of the Nigerian Oil and Gas Industry Update provides information on some of the recent developments in the industry in the first quarter of 2020, how they are impacting the industry and the Government’s response to these issues.
Where does tung oil come from?
The world harvest of tung oil is ?400,000 ton/y, with up to two thirds coming from China and one third from South America. Tung oil is used mainly in the paint industry and for polishing liquids. In humans, it causes nausea and, if heavily in contact with the skin, leads to inflammation that heals only very slowly.
What percentage of Nigeria’s oil fields are unproductive?
Most of Nigeria’s oil fields are small and scattered, and in 1990, these small unproductive fields accounted for 62.1% of all Nigerian production. This contrasts with the sixteen largest fields, which produced 37.9% of Nigeria’s petroleum at that time.
How many barrels of oil a day is produced in Nigeria?
For instance, the multinational oil and gas producer ExxonMobil produced 150 thousand barrels of liquids per day in Nigeria in 2020. Similarly, the daily crude oil and natural gas liquids production in Nigeria by another American oil giant, Chevron, amounted to 140 thousand barrels in 2020.