OML 118 Dispute: Kyari’s leadership and Nigeria’s next billion barrels, By Momodu Abutu
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Mother Nature has a way of depositing its vast treasures wherever it pleases. In the wonderful world of hydrocarbons, these resources are either placed onshore (on land) or offshore (in water). Beneath the hidden depths of the world’s seas, ranging from a few hundreds to several thousands of feet (called deepwater), therein lies vast fortunes of oil and natural gas resources. These resources have the capacity to boost world economic growth and play a vital role in the future of the rapidly changing global energy mix.