Quantification Of Uncertainty And Risks For Developing Marginal Fields

The Niger Delta is Nigeria’s and Africa’s most prol ific producing basin and has some untapped oil resources because of their marginality. The development of marginal oil field in Nigeria has now become an important strategic issue. This is due to the vast availability of these fields scattered all over the Niger Delta. The Federal Government of Nigeria in a bid to kick-off indigenous participation in the upstream sector of the petroleum industry initiated the marginal field program. This was also to increase Nigeria’s crude oil production. Years after awards of marginal fields, only a few of …