Oil : Africa answer to a pray?

[JIMMY12345]

First define the problem:Europe is on the hunt for alternative oil sources.

Next define second problem.Nigeria has huge huge reserves.No one wants to invest to extract.Historically.
Nigeria has the oil.Europe has the money.
Nigeria is pro West and East.Pump in sufficient investment .Mix with the right circles.The seesaw tilts.Guess where.
**mod edit** Here the existing solution lies beneath Nigeria's feet.

How desperate is Europe eg Germany for oil and is this a possible solution?

 

[exchemist]

First define the problem:Europe is on the hunt for alternative oil sources.

Next define second problem.Nigeria has huge huge reserves.No one wants to invest to extract.Historically.
Nigeria has the oil.Europe has the money.
Nigeria is pro West and East.Pump in sufficient investment .Mix with the right circles.The seesaw tilts.Guess where.
**mod edit** Here the existing solution lies beneath Nigeria's feet.

How desperate is Europe eg Germany for oil and is this a possible solution?

Oil is not the problem. Germany says it can get off Russian oil in a matter of months.

The problem is gas. There are fewer sources, it is harder to transport and Germany's degree of dependence on it is far greater. Germany will need to build an LNG terminal before they can import supplies by sea. There is talk of installing a floating terminal. And it's not just Germany.

It seems to me that some reduction of Europe's usage of gas will be required. At the moment, the politicians have yet to face their populations with the uncomfortable news that this is a serious war for us all and sacrifices will have to be made to protect the future of a free Europe. If we all turn down the thermostat next winter to 18C we can cut gas demand by 20%. That does a lot to bridge the gap.

 

[Spirit of Light]

First define the problem:Europe is on the hunt for alternative oil sources.

Next define second problem.Nigeria has huge huge reserves.No one wants to invest to extract.Historically.
Nigeria has the oil.Europe has the money.
Nigeria is pro West and East.Pump in sufficient investment .Mix with the right circles.The seesaw tilts.Guess where.
**mod edit** Here the existing solution lies beneath Nigeria's feet.

How desperate is Europe eg Germany for oil and is this a possible solution?

The oil should remain in the ground. Time to move on to renewable resources.

 

[exchemist]

The oil should remain in the ground. Time to move on to renewable resources.

Indeed. One thing that can be done quickly is erect more wind turbines. And also, Germany needs to get its nuclear plants out of mothballs and run them. (You need some baseload generation, on top of which to add the intermittent sources like wind.)

 

[JIMMY12345]

First define the problem:Europe is on the hunt for alternative oil sources.

Next define second problem.Nigeria has huge huge reserves.No one wants to invest to extract.Historically.
Nigeria has the oil.Europe has the money.
Nigeria is pro West and East.Pump in sufficient investment .Mix with the right circles.The seesaw tilts.Guess where.
**mod edit** Here the existing solution lies beneath Nigeria's feet.

How desperate is Europe eg Germany for oil and is this a possible solution?

I buy your argument for gas.Its not only oil.Nigeria has huge reserves of natural gas.As pointed out a mix of nuclear and renewables is the future,Exactly why big oil companies are withdrawing from and handing back control to Nigeria.The challenge may be more technological (only a few western companies have the expertise for continued and difficult extraction).The other problem is political.Nigerians feel perhaps correctly that the oil wealth is not exactly shared. Significant environmental damage also needs to be factored in.

Ukraine totally changes Geo and environmental politics.

The President of Nigeria only a few months ago said that he wants the investment.Africa is booming and needs gas.If shared between the continent and Europe.It could be a win win.

 

[exchemist]

I buy your argument for gas.Its not only oil.Nigeria has huge reserves of natural gas.As pointed out a mix of nuclear and renewables is the future,Exactly why big oil companies are withdrawing from and handing back control to Nigeria.The challenge may be more technological (only a few western companies have the expertise for continued and difficult extraction).The other problem is political.Nigerians feel perhaps correctly that the oil wealth is not exactly shared. Significant environmental damage also needs to be factored in.

Ukraine totally changes Geo and environmental politics.

The President of Nigeria only a few months ago said that he wants the investment.Africa is booming and needs gas.If shared between the continent and Europe.It could be a win win.

I don't think we should be making further major investments in fossil fuel extraction at this point. Those projects take years to bring on-stream, so they don't typically help the short -term supply crunch that Europe will face in the autumn. And, needless to say, directionally, further fossil fuel extraction projects are totally the wrong way to go for the planet. We should be looking for quick, temporary sources as a short term expedient, while we ramp up non-fossil fuel capacity.

Regarding Nigeria, Shell, who I used to work for, had very unhappy experience there. The levels of corruption, sabotage and theft were appalling, leading among other things to disastrous pollution and the deaths of many of the thieves, who frequently burnt themselves to death in accidents after drilling into the pipelines. It was quite unlike any other Shell operation in the world and well below the company's standards.

 

[JIMMY12345]

I don't think we should be making further major investments in fossil fuel extraction at this point. Those projects take years to bring on-stream, so they don't typically help the short -term supply crunch that Europe will face in the autumn. And, needless to say, directionally, further fossil fuel extraction projects are totally the wrong way to go for the planet. We should be looking for quick, temporary sources as a short term expedient, while we ramp up non-fossil fuel capacity.

Regarding Nigeria, Shell, who I used to work for, had very unhappy experience there. The levels of corruption, sabotage and theft were appalling, leading among other things to disastrous pollution and the deaths of many of the thieves, who frequently burnt themselves to death in accidents after drilling into the pipelines. It was quite unlike any other Shell operation in the world and well below the company's standards.

Impressive part of resume. I knew someone in Switzerland/Germany who also worked in Nigeria for Shell. They take the best. No reply needed.
One could argue possibly much of the hard work has already been done in Nigeria. A spirited shove might be all that's needed to increase existing quota's that are below OPEC. Corruption is admittedly a problem as anyone with money has a tribal duty to succour the rest of the immediate family. A case for making hay while the sun shines. Substitute Bribery for Hay. Also some countries have a different value/cultural system.