Billyonaire: 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.

Billyonaire: 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.

eledacedar:

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.

Nobleval: Tell me something else. When they were here what did they do for the communities they exploited?



Agriculture all the way!

Shell ni llehs ko

Billyonaire: 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.

musiwa94: [size=18pt]

Allison Madueke is committing international crime for collecting Oil revenue of the Independent country of Western Nigeria because International law does not allow her to do that because Western nigeria is a separate Independent country from Nigeria. Ngozi iweala is also doing the same in taxes. watch the video

www.nairaland.com/attachments/460096_segun12_jpg4bfb4dc2f15478f82dd29518c3681c9d


His Royal Highness

D. A. A. A. AdeMusiwa

House of Oduduwa

Emperor of country of Independent Western Nigeria ( by International law)
amusiwa@hotmail.com
[/size]



https://www.youtube.com/watch?v=MeoHA_IyLgs&list=UUb87BDP4HGsiqBllDwiejIQ
[img]http://1.bp..com/-uR5oBmOiZlw/UnSwmhyVu8I/AAAAAAAADA4/saP7Xug1_jY/s320/yoruba+flag.gif[/img]
[img]https://www.nairaland.com/attachments/1563488_nigerian-road-map1_gif262cb25cb8baff2eb9384c1565db9b9f[/img]

eledacedar:

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.

jpphilips:

I agree with you on the technology part but over the last decade, the operational cost onshore the delta has eroded the profit margin, sabotage and sectional strife has become the order of the day in the delta.
technology will only discover more reserves, however, technology will not settle community.

Syenite: Well, our National Oil company is capable of buying over these assets. Soon the NPDC will take full operatorship. Good for Nigerians.
.

Do you know that USA has deliberately artificially maintiaining high oil prices, reason is that oil is becoming worthless and they will maintain artificially high until all the multinational oil firms sold off their oil blocks in Nigeria and take out their profits. then they will allow the oil price to crash.

Crisis looms - If oil prices crashes to say $45 per barrel how can FG function? Can they import food? Can they pay salaries?

Crisis looms, that is why USA now have troops in Nigeria under the guise of looking for non-existent "kidnapped" Chibok school girls. USA probably wants to breakup Nigeria before we can get a chance to get a decent patriotic govt that can make us powerful again.

USA are on the ground to shape the Nigeria that may emerge after the crisis / break up

addictiv: with all these coys going offshore, this indicates good news and more jobs drilling and subsea engineers

Bawss1:

Shell selling its wells to surrogates? You must think this is some nollywood flick don't you. Anyway your comment, like many others here, is hardly surprising given that many Nlanders have a poor understanding of the oil industry.

PiperAlpha: 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.

jpphilips:

I agree with you on the technology part but over the last decade, the operational cost onshore the delta has eroded the profit margin, sabotage and sectional strife has become the order of the day in the delta.
technology will only discover more reserves, however, technology will not settle community.

GenBuhari: Crisis looms!

Do you know that USA has deliberately artificially maintiaining high oil prices, reason is that oil is becoming worthless and they will maintain artificially high until all the multinational oil firms sold off their oil blocks in Nigeria and take out their profits. then they will allow the oil price to crash.

Crisis looms - If oil prices crashes to say $45 per barrel how can FG function? Can they import food? Can they pay salaries?

Crisis looms, that is why USA now have troops in Nigeria under the guise of looking for non-existent "kidnapped" Chibok school girls. USA probably wants to breakup Nigeria before we can get a chance to get a decent patriotic govt that can make us powerful again.

USA are on the ground to shape the Nigeria that may emerge after the crisis / break up

Crisis looms people start taking stock and make contingency plans for outbreak of rioting that may descend into sectarian violence.

people should be prepared so that history doesn't repeat itself - start making contingency plans to protect your lives and property should violence occur.

I am wondering if the Ebola outbreak propaganda US is running is part of its plans to help control Nigerians during the crisis.

crisis looms.

jpphilips:
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!!

babestell: I like the way peeps just be running their mouths about economic forces of play that they know nothing about!

eledacedar:

You are right on the community issue. However, it is easier for companies with Nigerian ownership to approach the communities and reach a mutual agreement compared with the IOCs.

It becomes a we-we thing. The saboteurs believe the IOCs have loads of money to part with when their staff is kidnapped but with properly managed local content( take over by local companies), they will have to shift ground too. It would be easier for Mr Emeka Haruna, MD of a Nigerian company to make the communities understand why they can do better by working together than for Mr Bush Van Dam me, MD of any IOC to reason logically with the communities.

That's my take.

2sExy1: It's nothing new na, Make them pack commot sef. They haven't responded to the damaged lands in people's communities

allanphash7: all this is just to read and know what is going on in our economy , it has no value in the life of the youth or even masses. those wey get this country know themself,, Nigeria is not for everybody. SMH

jpphilips:


Which part of the PIB favors the IOCs to warrant your statement in bold?

bulletproofmonk:



Apparently, you both don't have the faintest idea of how the industry works...

texazzpete:

I long for the day either the EFCC or aggrieved victims will hunt your scamming backside down and shoot you in the left testicle.

Bloody scammer!

Nobleval: Is that the best you could do?

eledacedar:

You are right on the community issue. However, it is easier for companies with Nigerian ownership to approach the communities and reach a mutual agreement compared with the IOCs.

It becomes a we-we thing. The saboteurs believe the IOCs have loads of money to part with when their staff is kidnapped but with properly managed local content( take over by local companies), they will have to shift ground too. It would be easier for Mr Emeka Haruna, MD of a Nigerian company to make the communities understand why they can do better by working together than for Mr Bush Van Dam me, MD of any IOC to reason logically with the communities.

That's my take.

Bawss1:

You are assuming that community relations in these IOCs is handled directly by foreign staff or the upper echelons of management. In many, if not all cases you will find indigenes of the community or state in the relations team yet the problems of dealing with the host still persists. I don't think a Nigerian company will fare any better than the IOCs here.

PiperAlpha:
An enabling and conducive business environment. IOC's have also dominated the Nigeria's oil and gas industry for a very long time.