International Journal of Social Science & Economic Research
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Title:
PROCESSING COST AND ECO-EFFICIENCY OF OIL AND GAS PRODUCTIVENESS

Authors:
AKPAN, ANIEFIOK UDOH ; AHAKIRI, FRANCIS IDIEGE; ETIBENSI, JACKSON EDET

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AKPAN, ANIEFIOK UDOH (PhD, ACA); AHAKIRI, FRANCIS IDIEGE; ETIBENSI, JACKSON EDET
DEPARTMENT OF ACCOUNTING, FACULTY OF MANAGEMENT SCIENCES, UNIVERSITY OF CALABAR, P. M. B. 1115, CALABAR, NIGERIA.

MLA 8
UDOH, AKPAN, ANIEFIOK, et al. "PROCESSING COST AND ECO-EFFICIENCY OF OIL AND GAS PRODUCTIVENESS." Int. j. of Social Science and Economic Research, vol. 4, no. 12, Dec. 2019, pp. 7345-7365, ijsser.org/more2019.php?id=561. Accessed Dec. 2019.
APA
UDOH, A., IDIEGE, A., & EDET, E. (2019, December). PROCESSING COST AND ECO-EFFICIENCY OF OIL AND GAS PRODUCTIVENESS. Int. j. of Social Science and Economic Research, 4(12), 7345-7365. Retrieved from ijsser.org/more2019.php?id=561
Chicago
UDOH, AKPAN, ANIEFIOK, AHAKIRI, FRANCIS IDIEGE, and ETIBENSI, JACKSON EDET. "PROCESSING COST AND ECO-EFFICIENCY OF OIL AND GAS PRODUCTIVENESS." Int. j. of Social Science and Economic Research 4, no. 12 (December 2019), 7345-7365. Accessed December, 2019. ijsser.org/more2019.php?id=561.

References

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Abstract:
This study was undertaken to assess the effect of processing cost on eco-efficiency of oil and gas productiveness in Nigeria for fifteen years. Data were gathered from relevant secondary sources and the data so obtained were subjected to statistical test using the multiple regression analytical technique. It was discovered that processing activities have a positive effect on the level of ecoefficiency measured as the environmental cost per unit of output of oil and gas corporations in Nigeria. It was concluded that costs of gas not utilized, oil produced and gas utilized have a positive relationship with the output of oil and gas produced, and the environmental costs incurred such as cost of mopping up oil spills, corporate social responsibility, fines and penalties paid. Therefore, it was recommended that oil and gas companies should adopt modern techniques and equipment to reduce the effect of their exploration activities on the eco-system and the host communities.