By
\nFamous S. Eseduwo PhD
\nDepartment of Political Science
\nFederal University, Otuoke, Bayelsa State \u2013 Nigeria<\/p>\n","protected":false},"excerpt":{"rendered":"
Considering the economic waste and environmental pollution from associated gas flaring, it is bothersome whether Nigeria lacks both the technology and business acumen to invest on the gas associated with crude oil during oil production as practiced in other oil-producing countries like Norway, Britain, Venezuela, and so on.The Norwegian economics of gas reinjection used 2-3% of gas as fuel to reinject and 15-25% of gas reinjected is left in the reservoir. And in Norway, associated CO2 is removed from the produced gas and reinjected into a storage reservoir for investment (Norway Petroleum Directorate, 2010: 7-8). In Venezuela, the gas reinjection
\ntechnology provides turbines and compressors. Recently, GE Nuovo Pignone (a company in Venezuela) has received a contract of approximately US$100 Million to supply gas turbines and compressors to WILPRO Energy Services of Caracas, Venezuela for a new gas reinjection station being constructed in the Pirital oil fields of the State of Monagas, eastern Venezuela. This underscores Venezuela\u2019s prominence in the supply of gas reinjection tools through WILPRO, a market leader for gas reinjection and refinery projects on a build-own-operate (BOO) basis in Venezuela (http:\/\/docs.google.com, accessed on September 9, 2010). And in Britain, the present practice is to convert the separated H2S into elemental sulfur through a well-known chemical conversion process and the acid gases are reinjected into either a depleted petroleum reservoir or into aquifers thus reducing CO2 emissions from natural gas plants (http:\/\/www.sciencedirect.com, accessed on September 9, 2010). Britain\u2019s popular gas reinjection model is anchored on the creation of domestic and international markets for carbon credit sales and the converted associated gas reserves.If all these countries are trading with their associated gas reserves, why Nigeria is keeping its billions on flame? It is this confusion that this article interrogates. Is
\nNigeria\u2019s inability to invest on its associated gas reserves a function of its dependence on Petrobusinesses for technology and capital formation? Is the comparative cost of gas reinjection\/investment higher than the economic waste and pollution of the Niger Delta petro\uffferegion from gas flaring? Is the technology too advanced and\/or exorbitant to be adopted by Nigerian government and the Petrobusinesses operating in the Niger Delta? Is gas flaring justifiable in the present technological age? What are the specific adverse consequences of gas flaring on the Niger Delta Region? The article specifically seeks: (i) the average cost of a gas reinjection facility; (ii) the cost of gas flaring to Nigeria\u2019s national economy; and (iii) the adverse effects of gas flaring on the socioeconomic conditions of oil-bearing communities in Nigeria\u2019s oil-rich Niger Delta region.This will be done within the context of the Nigeria-Petrobusiness
\ndependence relations theoretical perspective.<\/p>\n","protected":false},"featured_media":198,"comment_status":"open","ping_status":"closed","template":"","meta":[],"product_brand":[],"product_cat":[21],"product_tag":[],"class_list":["post-65","product","type-product","status-publish","has-post-thumbnail","product_cat-book-store","first","instock","sale","downloadable","virtual","sold-individually","taxable","purchasable","product-type-simple"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/madeeasyconsult.com\/store\/wp-json\/wp\/v2\/product\/65","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/madeeasyconsult.com\/store\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/madeeasyconsult.com\/store\/wp-json\/wp\/v2\/types\/product"}],"replies":[{"embeddable":true,"href":"https:\/\/madeeasyconsult.com\/store\/wp-json\/wp\/v2\/comments?post=65"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/madeeasyconsult.com\/store\/wp-json\/wp\/v2\/media\/198"}],"wp:attachment":[{"href":"https:\/\/madeeasyconsult.com\/store\/wp-json\/wp\/v2\/media?parent=65"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/madeeasyconsult.com\/store\/wp-json\/wp\/v2\/product_brand?post=65"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/madeeasyconsult.com\/store\/wp-json\/wp\/v2\/product_cat?post=65"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/madeeasyconsult.com\/store\/wp-json\/wp\/v2\/product_tag?post=65"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}