Gas Transmissibility Forecast and the Sustainable Development of Nigeria’s Dwindling Economy
Publication Date : 14/10/2020
The United Nations Commission on Environment and Development has defined sustainable development as one which allows nations to meet their present needs without compromising the ability of future generations of the citizenry to meet their own needs. This concept of sustainable development is properly illustrated by a system which operates in an equilibrium state or in a steady state and hence undergoes changes at a monetary inflationary rate which is carefully and promptly regulated by the governmental agencies i.e. Central Bank of Nigeria (CBN) the financial institutions etc. Sustainable development of Nigeria’s economy is directly hinged on the prudent and efficient management of its natural resources the greater percentage (approximately 80%) being natural hydrocarbon reserves. Natural gas as it comes from the well head is properly processed, liquefied in liquefied Natural gas (LNG) Cascade of Heat Exchangers for in country domestic application and for export for the boasting of the external monetary reserves. The paper highlights computational algorithms for the transmissibility forecast of gas delivery from a case study well Excravos field south west Nigeria. The simulation algorithm is translated into a software (MATLAB) which is implemented on a digital desktop computing device.
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