Development of a Mathematical Model to Characterize the Oil Production in the Federal Republic of Nigeria
Received Date: Sep 29, 2018 / Accepted Date: Oct 18, 2018 / Published Date: Oct 25, 2018
Abstract
The study deals with the development of a mathematical model to characterize the oil production in Nigeria. This is calculated by initiating the dynamics of oil production in million barrels revenue plan cost of oil production in million naira and unit cost of production from 1974-1982 in the contest of the federal Republic of Nigeria. This country export oil to other countries as well as importing specialized crude. The transport network from origin/destination tij to pairs is taking into account simulation runs, optimization have been considered in this study
Keywords: Mathematical oil model development dynamics; Characterization barrels
Citation: Paul CN, Njoku I, Archana SN (2018) Development of a Mathematical Model to Characterize the Oil Production in the Federal Republic of Nigeria. Oil Gas Res 4: 156. Doi: 10.4172/2472-0518.1000156
Copyright: © 2018 Paul CN, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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