Divestment: Shell Sells 4 Oil Fields In Nigeria - Business (2) - Nairaland
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| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by Nobody: 8:55am On Aug 28, 2014 |
eazisky: My dad was one of the buyerwas? Indeed.  |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by ibkgab001: 9:01am On Aug 28, 2014 |
Good for them |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by Culbobby(m): 9:01am On Aug 28, 2014 |
Wise-ass mofos, those oil wells are probably drying up. Ask yourself, would I sell my pops house if there's a scared room that keeps minting out cash?( nollywood movie)...''Local buyer'' pls don't do it! |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by collynzo2(m): 9:02am On Aug 28, 2014 |
Shell is still spending billions of Naira on discovery of new oil fileds. The ones they sold were sold for operational reasons. They have no plans to leave at all. 2 Likes |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by rattlesnake(m): 9:06am On Aug 28, 2014 |
Nothing concin us |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by sherrylo: 9:12am On Aug 28, 2014 |
Na them sabi |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by Uzzie: 9:14am On Aug 28, 2014 |
Syenite: Well, our National Oil company is capable of buying over these assets. Soon the NPDC will take full operatorship. Good for Nigerians. LOL, buy over what?? how much do they even own in some of these developments? |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by eledacedar(f): 9:24am On Aug 28, 2014 |
o2k: If a wise man finds a treasure on an island, he would go back home and sell all that he has, and use the proceed to buy that island. Shell has found the treasure in their offshore assets. The reservoirs there have more hydrocarbons than the onshore assets and the stress is reduced for them. 1 Like |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by babestell(f): 9:28am On Aug 28, 2014 |
Nope they are not drying up. Just that the cost of doing business onshore has drastically increased due to non technical risks. Also there is a drive by the Country to allow more Nigerians into the Upstream Sector Culbobby: Wise-ass mofos, those oil wells are probably drying up. Ask yourself, would I sell my pops house if there's a scared room that keeps minting out cash?( nollywood movie)...''Local buyer'' pls don't do it! 6 Likes |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by Nobody: 9:34am On Aug 28, 2014 |
Job cut. Pursuing a career in the upstream/downstream sector will now be an option for lots |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by eledacedar(f): 9:34am On Aug 28, 2014 |
Culbobby: Wise-ass mofos, those oil wells are probably drying up. Ask yourself, would I sell my pops house if there's a scared room that keeps minting out cash?( nollywood movie)...''Local buyer'' pls don't do it! The truth is that there are still considerable hydrocarbons in some of these onshore assets that can fetch the local companies money. By the time they run 4D or 5D seismic survey and with new technology, they can go deeper into the OLIGOCENE PLAY and drill deeper. There are lots of bypassed reservoirs in these oil blocs that the available technology as at the time of exploration in the 60s, 70s and early 80s could not see. 5 Likes 1 Share |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by komek(m): 9:38am On Aug 28, 2014 |
lirusehn: i swear i didn't read it. I guess it is too complex for ur understanding. Go and read entertainment or Fashion Magazines. 1 Like |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by lirusehn(m): 9:40am On Aug 28, 2014 |
komek: TNX  |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by Tex42(m): 9:53am On Aug 28, 2014 |
what a foreign company could not manage,i don't think our loocal companies can. |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by omoredia: 10:03am On Aug 28, 2014 |
get today &*( &
|
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by Nobody: 10:09am On Aug 28, 2014 |
They are definately seeing the handwriting on the wall. Come 2015 hands on tha oilwells gona shift, best to take proactive measures now. |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by jpphilips(m): 10:24am On Aug 28, 2014 |
Syenite: Well, our National Oil company is capable of buying over these assets. Soon the NPDC will take full operatorship. Good for Nigerians. In your dreams, Shell has finally bowed to the fire power of corruption, they are finally leaving onshore operations to concentrate fully on offshore operations, it is gonna be bad for Nigerians because the new owners will definitely be friends of the president, never mind the credibility of the coys bidding now, Nigerians have been enslaved once more, poor shell!, poor Nigerians!! 5 Likes |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by sylve11: 10:25am On Aug 28, 2014 |
Syenite: Well, our National Oil company is capable of buying over these assets. Soon the NPDC will take full operatorship. Good for Nigerians. Bro, stop talking nonsense, NPDC na company wey go take us to anywhere? With high level of corruption and incompetence + tribalism?   |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by jpphilips(m): 10:33am On Aug 28, 2014 |
eledacedar: I agree with you completely, it baffled me when spdc West was still operational, we lost heavily on production that most locations were no longer profitable, huge amounts were lost to pipeline repairs and other forms of sabotage, immediately SPDC west was sold to Nest Oil and Seplat, all the sabotage ended, production doubled, the new guys smiled to the bank, Only in Nigeria. Nigerians go hear am with this one!! 1 Like |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by jpphilips(m): 10:40am On Aug 28, 2014 |
SeaGold: Job cut. Pursuing a career in the upstream/downstream sector will now be an option for lots Nigerians keeping hope alive since 1914, your eyes will clear when you get into the industry, the truth is this, where a man sees and runs away, you cannever be guaranteed peace especially if the former's reasons were legitimate. 5 Likes |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by Nobody: 10:40am On Aug 28, 2014 |
is because of the imminent break up |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by Nobody: 10:40am On Aug 28, 2014 |
Shell is facing corruption and spillage charges in international courts and now they are selling part of their assets to other companies owned by their surrogates. In the end, its just a change of name to avoid much losses after court ruling. I can see through their lies and mischief cos I do this all the time. Crazy corporate m-o-t-h-e-r-f-u-c-k-e-r. |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by Djbaka(m): 10:45am On Aug 28, 2014 |
This is serious.  Who owns those indigenous companies competing for OML 29?  Get me their E-mail make i apply. I don get JOB  1 Like |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by Nobody: 10:47am On Aug 28, 2014 |
Majority of the Multinational E&P companies are divesting and are now moving offshore due to rising oil theft, community issues, sabotage nd delay in the passage of the PIB. Shell made a very good call IMO. I just hope our indigenous oil companies would be able to manage these assets effectively and create more employment opportunities. However, Taleveras Group and aiteo are not Nigerian companies. 3 Likes |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by iamord(m): 10:48am On Aug 28, 2014 |
MarvellousGod: They don dey pack because they know say oil go soon finish for Naija.. They Don Dey Pack cos doing buisness in Nigeria is stressful. The good thing is that they have packed enough money.. Keep calm and think this is a good sign.. The day USA gets energy. Security and oil prices drop then u will know what's up 1 Like |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by mki: 10:51am On Aug 28, 2014 |
The truth is that Shell is leaving because of the never ending greed of the host communities in the Niger Delta. Despite the schorlarships, favoured employment, roads, school blocks, free electricity, hospitals etc given to these people by Shell, the demands kept growing by the day. No company can do good business under such an environment. I once witnessed a situation when a rig was held hostage by an Isoko community for months. This was a rig hired by Shell at millions of US dollars per day. Shell has simply had enough. They will now have to deal with the new operators and Shell is moving offshore where the stress is less. 2 Likes |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by EPOMA(m): 11:07am On Aug 28, 2014 |
The Anglo-Dutch group, which says it has done its best to clear up pollution and has blamed past oil spills on sabotage, has been trying to reduce its commitment to the troubled area for years but has only now apparently found local buyers willing to pay the prices it has been demanding. Who are the local buyers, name them.this are they looters and they will never return the proceeds to Nigerian Government |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by eledacedar(f): 11:12am On Aug 28, 2014 |
jpphilips: The foreigners have. Come to understand the logic behind the whole issue. When a staff of the IOCs are kidnapped, the companies pay heavily. With the change of ownership, the new owners can easily get in touch with the 'boys' and beg them to understand that it is we- we o, no spoil our business, we will sort out. The 'boys' will show some sympathy to the indigenes as compared to the IOCs. Have you seen the Nigerian movie on the oil industry, BLOOD AND OIL? 2 Likes |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by PassingShot(m): 11:26am On Aug 28, 2014 |
musiwa94: [size=18pt] Kolo mental. Worry not much. At least you bring some comical relief to the show. 1 Like |
| Re: Divestment: Shell Sells 4 Oil Fields In Nigeria by merieam16(f): 11:35am On Aug 28, 2014 |
Just chillin wif oil money |
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