Thursday, September 10, 2015
Niger cis One of World’s Largest Oil-producing Regions
An international energy corporation headquartered in Canada, Ambit Energy Corporation aims to become a leader in West Africa’s emergent energy sector. Initially, Ambit Energy Corporation is focusing its activities in Nigeria, the largest oil producer on the African continent. Much of the country’s oil and gas production today has occurred in the Niger Delta Basin region, located in Southern Nigeria.
As one of the world’s largest petroleum systems, the Niger Delta Basin has an average output of two million barrels of oil per day, with projected reserves of 34.5 billion barrels of oil. Over a period of 55 years, energy companies produced 47 billion barrels of oil. Energy industry experts say that companies can find even more oil reserves by drilling deeper.
As energy firms continue to explore the Niger Delta Basin, others are beginning to eye potential opportunities in the country’s central and northern territories. In addition, some international oil companies have limited their involvement in onshore oil production and begun to focus in deep-water operations near the coast of Nigeria.