HOW NIGERIA LOOKED AT FISCAL TERMS, PROSPECTS
M.A. Ofurhie, M.C. Amaechi, A.O. Idowu Nigerian National Petroleum Corp. Lagos The allocation of funds among investment possibilities must of necessity include evaluation and ranking of alternatives. An essential prerequisite is a geophysical/geological evaluation followed by a reservoir/production analysis resulting in the prediction of recoverable reserves, reservoir performance, optimum method of development, and initial offtake return.