Post by Henry Emeka (@Emekus)

Proven reserves are updated, not absent
Proven reserves are calculated based on geological certainty, technology, and economic conditions.

Nigeria’s reserves have remained around 37 billion barrels for many years, showing stability, not absence.

Misunderstanding between “reserves” and “production capacity”
Some people confuse:

Reserves = how much oil is underground and recoverable
vs.

Production = how much oil Nigeria can extract daily.

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