what is oil and gas
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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What is Oil and Gas?
Oil and gas are naturally occurring hydrocarbons formed from the remains of ancient marine organisms buried under layers of sediment over millions of years. These fossil fuels are extracted from underground reservoirs and are vital to global energy production, transportation, and industrial processes.
Oil (Petroleum): A liquid mixture of hydrocarbons refined into fuels (e.g., gasoline, diesel), lubricants, and petrochemicals for plastics and pharmaceuticals.
Natural Gas: A gaseous mix (primarily methane) used for heating, electricity generation, and as a cleaner-burning fuel alternative.
Key Points:
Formation: Decomposed organic matter subjected to heat and pressure.
Extraction: Drilled via onshore/offshore rigs or extracted through fracking.
Uses: Powers vehicles, industries, and households; raw material for countless products.
Economic Impact: Drives national economies (e.g., Nigeria’s reliance on oil exports).
Environmental Concerns: Combustion releases CO₂, contributing to climate change; spills and leaks pose ecological risks.
Nigeria Context: A major oil producer (e.g., Niger Delta reserves), where the sector fuels GDP but faces challenges like pollution and resource mismanagement.
In 199 words, oil and gas are the backbone of modern energy systems, yet their sustainability and environmental footprint demand a transition to renewables.