NLNG Corporate Caring banner First bank SME Connect Fidelity bank card banner Emerald Energy Institute Camano banner

Renewable energy not a threat to oil and gas — Geoscientist •Wants Nigeria’s oil reserves grown from 37bn barrels to 40bn barrels

By News Express on 04/12/2018

Gmail icon

Views: 553

• Renewables
• Renewables

Mr Johnbosco Uche, a geoscientist, has allayed fears that renewable energy sources would take the place of oil and gas in the world energy market and called for concerted efforts to grow Nigeria’s oil reserve from 37 billion barrels to 40 billion barrels.

He said that the 40 billion barrels reserve target was achievable if exploration activities were intensified beyond known boundaries.

Uche noted that the fears that renewables will adversely affect the oil sector was unfounded and challenged the geoscience professionals to widen their scope to break new grounds in exploration for oil and gas.

Uche made the call while speaking as a panelist at the just concluded Conference of Nigerian Association of Petroleum Explorationists (NAPE) in Lagos.

Uche who spoke alongside oil industry experts enjoined members of NAPE to intensify efforts in the search for oil as the demand for energy driven by population growth will make oil and gas to remain relevant in the world energy mix.

According to him current population data indicate that world population is now in excess of 7 billion and continues to grow.

“Renewable energy sources possess no threat to the oil and gas industry because the demand for energy is increasing, renewables can only compliment oil and gas, the narrative that renewables will take over is not factual.

”Yes the progress made by renewables is here with us and they have increased the choices open and will definitely alter the market share held by oil and therefore compliment it.

“If you say that car makers are phasing out cars that run on gasoline what about the plastics components which is still a bye product of oil and gas? The industries are there and they even use more oil and gas fuels than transportation.

“We need to drill deeper than the 10,000 feet beneath the seabed that we have done in Nigeria, in the UK basin, they have drilled to 19,000 feet and there are rigs designed to go up to 30,000 feet we need to work harder because the future is bright for the energy world.

“The potential is there and we just have to push the frontiers,” Uche said.

The panel discussants comprising representatives of International Oil Companies concluded that developments in the renewable energy sectors would realign their operations as some oil and gas firms have transformed to energy firms to retain market share.

Source News Express

Posted 04/12/2018 7:11:31 PM





You may also like...
AIT replies Presidency on alleged maltreatment of Buhari...

Flood ravages N25bn Sports Complex in Anambra

Court bars NASS from taking over Bauchi Assembly...

Experts say CBN’s 2018 single-digit inflation rate target...

Ex-Gov. Sule Lamido, sons, others slammed with 27-count...

Corruption: Charly Boy mobilises 10,000 protesters, storms National...

Jimoh Ibrahim grants full scholarship to slain Newswatch...

Bayelsa NLC continues strike despite sack threat

American University professors kidnapped in Afghanistan

How Obiano, The ‘Chopping Governor’, liquidated Anambra treasury...

EFCC raids Sokoto INEC office, quizzes principal officers...

Air Chief blames past administrations for Nigeria’s security...


Latest News Pastor regains freedom after seven months in Boko Haram custody Kidnappers kill businessman after collecting ransom 130 soldiers face court martial in Borno Ex-Governor’s aide escapes assassination NCP, Katsina Governor trade words over ‘bribe’ for judge Bayelsa guber: Gladiators who’ll shape poll Community protests alleged land racketeering in Enugu Nigerians have fifth worst average life expectancy of 55 years: Report Ex-British intelligence officer found dead in the street South East Miyetti Allah Chairman to members: Pray for continued peace with host communities David-West’s death painful — Obi •Says he served Nigeria and humanity to the best of his ability Nigeria contributes highest number to global pneumonia child deaths


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (561,271 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (451,572 views) Shameless Genevieve Nnaji exposes breasts in public (400,517 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (334,532 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (302,939 views) 10 cars more expensive than Jets (278,918 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (258,346 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (256,447 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (237,955 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (224,273 views) Lagos plane crash: Journalist releases victims’ names (200,935 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (197,750 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (108) Business & Economy (4,560) Business Verdict (85) Columnists (1,142) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (701) Features (844) Global Business Monitor (493) ICT Monitor (67) International (4,192) Interview (211) Live Commentary (30) Love Matters (176) Maggie's Blog (481) News (53,857) Opinion (1,418) Pidgin (17) Politics (11,686) Religion (1,118) Sports (2,221) Stock Watch (39) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera