Predictive modeling of Nigerian peak condensate using Hubbert’s zero annual reserve rate

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dc.contributor.authorKamalu, C. I. O.
dc.contributor.authorAppah, D.
dc.contributor.authorObah, B.
dc.contributor.authorAnyanwu, E. E.
dc.contributor.authorObijiaku, J. C.
dc.contributor.authorUzondu, F. N.
dc.contributor.authorOkolie, I. J.
dc.contributor.authorOghome, P.
dc.date.accessioned2025-05-15T13:00:11Z
dc.date.available2025-05-15T13:00:11Z
dc.date.issued2015
dc.descriptionA research article with figures and tables
dc.description.abstractIn this work, a model was developed using Kamalu’s (2010) natural resource depletion word equation in one hand and Hubbert zero rate of annual reserve concept on the other hand. Experimental data was collected from Nigerian Ministry of Petroleum and Minerals, 7 Kofo Abayomi Street, Victoria Island, Lagos to validate the model. It gave coefficient of correlation of 0.99997 and 0.99517 for discovery and production of Nigerian condensate respectively. It was also established that Nigerian condensate will exhaust in the year 2518 AD when the discovery and production values will be equal to 110MMB. The research reveals that there is a gentle interaction between the cumulative discovery and production and serious interaction between annual discovery and production as years roll by. This work can be used by Nigerian government to plan their condensate budget both nationally and internationally and to cushion their position in OPEC and the world
dc.identifier.citationKamalu, C. I. O., Appah, D., Obah, B., Anyanwu, E. E., Obijiaku, J. C., Uzondu F. N., Okolie, I. J. & Oghome, P. (2015). Predictive modeling of Nigerian peak condensate using Hubbert’s zero annual reserve rate. International Journal of Engineering and Management Research, 5(6), 501 - 511
dc.identifier.issne-2250-0758
dc.identifier.issnp-2394-6962
dc.identifier.urihttps://repository.futo.edu.ng/handle/20.500.14562/1876
dc.language.isoen
dc.publisherVandana Publications
dc.rightsAttribution-NonCommercial-ShareAlike 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/
dc.subjectPredictive modeling
dc.subjectNigerian peak condensate
dc.subjectzero rate reserve
dc.subjectintersection
dc.subjectDepartment of Chemical Engineering
dc.titlePredictive modeling of Nigerian peak condensate using Hubbert’s zero annual reserve rate
dc.typeArticle

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