Am sorry if this comes across as being patronizing, I am having a difficult time trying to figure out how all those magnificent buildings are going to fit into that tiny piece of land shown on the first page, ,

kushe:

dapobear

i read a couple of your posts and just knew u had to be in graduate school or a google junkie.

anyways not wanting to sound too academic,mark my words if you have any common sense,this is a crap project that cannot be managed by lagos or nigeria.the world is in a coma and trust me the financial landscape internationally is too lethargic for eko atlantic city.this project is a white elephant that will require more than a miracle to have started fetal life by 2020.

i am beyond grad school and in my world of real international monetary flow and global finance,eko atlantic is a no no

Fair enough. Let's see how it progresses before declaring it dead off the bat.

DapoBear:

Fair enough. I guess my question is more, when will I be able to buy a plot of land (or plots) and build housing there? When will the roads be completed? Things like that.

If we use the computer model you must be super rich to buy and build a house there, not duplex or bungalow

Kobojunkie:

A town you will probably won't be able to afford on even 10 year's salary? ROFLMAO!!!

@buzugee

abeg lecture these people about the word 'infrastructure' and i beg to take it one step further by talking about the intangible infrastructure i.e core values on which a society or a project is built.

the sheikh of dubai back in the days had a dream for his country and he was an absolute ruler whose word was law,hence his vision could fly with help from the british who always have a pre packed suitcase.did u think the ibos are everywhere,trust me the british are everywhere,whether for the good or for the bad.

do the pdp or acn hav a dream for nigeria,sure they do.to leave it bankrupt for the next generation so that in 20 years when dapobear becomes governor of the bank of nigeria or head of its treasury,cutting the deficit will be his headache.jonathan knows nothing about economics neither does fashola and even economists dont know nothing about economics because it took the fall of lehman to teach us all including the west that we and our systems are still evolving.


nigeria needs to narrow the infrastructure gap before embarking on crap

More "status" housing for the super rich politicians and bankers. Like Banana Island is not enough.
The revolution will not be televised, !

kushe is right on the money. i have just read all his input. insightful. these people dont know that you cannot build a house on faulty foundation

furacao:

More "status" housing for the super rich politicians and bankers. Like Banana Island is not enough.
The revolution will not be televised, !

the relocation of the super-rich

Inked_Nerd:

@buzugee: I love you profile pic

thanks hun. i took the picture myself. its a school wall in chicagos uptown neighborhood

It is great!

all this cartoon pixture sef of Nigeria New York atlantic. when is the real deal? i'm waiting to pack my stuff and  have being waiting too long.

na wah for nigeria projects

NIGERIANS you're being misled by 3 dimensional renders in reality some of these buildings won't look like that.

Namibia has started rigging its OIL. Namibia has 16 BILLION BARRELS of oil recently the researchers have found out that have 50 billion barrels of oil their rocks formations are similar to Brazil. While Falkland Islands near Argentina have discovered 60 billion barrels of oil their rock formations are similar to West Coast of South Africa. Here a long kept secret by SA. RSA contigent oil=30billion barrels.

http://www.energy.gov.za/files/IEP/presentations/OilandGasReservesInSA_30March2012.pdf

Ooops I forgot to mention that I work with 3Ds almost everyday. Talk frm experience.

Theres nothing to celebrate on this REBASING STORY and DIRTY CITY OF LAGOS look at your water colour??Am sure ya'll drink this water?? Other than its just crooked politicians who are just trying to u happy by this nonsense. This still doesnt benefit ORDINARY NIGERIANS. Number one spot with million of people living in poverty, poor roads,poor electricity supply etc..

This is a list of countries by electricity production per year based on multiple sources.
Rank Country/Region Electricity
production
(GWh)[1] Date of
information
N/A World Total 21,325,115 2010[2]
1 United States 4,325,900 2010[2]
2 China 4,206,500 2010[2]
N/A European Union 3,332,111 2010[2]
3 Japan 1,145,300 2010[2]
4 Russia 1,036,800 2010[2]
5 India 922,200 2010[2]
6 Canada 629,900 2010[2]
7 Germany 621,000 2010[2]
8 France 573,200 2010[2]
9 Korea, South 497,200 2010[2]
10 Brazil 484,800 2010[2]
11 United Kingdom 381,200 2010[2]
12 Spain 300,400 2010[2]
13 Italy 298,200 2010[2]
14 Mexico 270,000 2010[2]
15 South Africa 268,100 2010[2](Note SA after Medupi,Kusile,Koeberg powerstation in 2014 will be in the top 5 in the world)
16 Taiwan 247,000 2010[2]
17 Australia 245,300 2010[2]
18 Turkey 239,100 2012
19 Iran 226,100 2010[2]
20 Saudi Arabia 214,000 2010[2]
21 Ukraine 187,900 2010[2]
22 Indonesia 166,400 2010[2]
23 Poland 157,400 2010[2]
24 Thailand 156,400 2010[2]
25 Sweden 155,400 2010[2]
26 Egypt 143,500 2010[2]
27 Argentina 128,500 2010[2]
28 Norway 124,500 2010[2]
29 Venezuela 116,700 2010[2]
30 Malaysia 116,200 2010[2]
31 Netherlands 114,800 2010[2]
32 Vietnam 100,170 2010[2]
33 Pakistan 93,350 2012[2]
34 United Arab Emirates 88,600 2010[2]
35 Czech Republic 85,900 2010[2]
36 Belgium 84,197 2009[3]
37 Kazakhstan 82,700 2010[2]
38 Finland 80,400 2010[2]
39 Switzerland 71,200 2010[2]
40 Austria 70,800 2010[2]
41 Philippines 67,700 2010[2]
42 Chile 60,200 2010[2]
43 Romania 59,800 2010[2]
44 Israel 58,300 2010[2]
45 Colombia 56,900 2010[2]
46 Portugal 55,800 2010[2]
47 Paraguay 54,912 2008[3]
48 Kuwait 54,600 2010[2]
49 Greece 53,200 2010[2]
50 Uzbekistan 52,300 2010[2]
51 Bulgaria 46,000 2010[2]
52 Singapore 45,400 2010[2]
53 Algeria 45,200 2010[2]
54 New Zealand 43,400 2010[2]
55 Bangladesh 39,100 2010[2]
56 Denmark 38,600 2010[2]
57 Hong Kong 38,300 2010[2]
58 Syria 38,705 2008[3]
59 Hungary 37,400 2010[2]
60 Peru 34,800 2010[2]
61 Serbia 34,711 2008[3]
62 Iraq 34,600 2008[3]
63 Belarus 34,500 2010[2]
64 Ireland 28,300 2010[2]
65 Slovakia 27,400 2010[2]
66 Libya 26,947 2008[3]
67 Qatar 23,700 2010[2]
68 Korea, North 22,517 2008[3]
69 Puerto Rico 20,921 2008[3]
70 Nigeria 20,130 2008[3]
71 Ecuador 19,500 2010[2]
72 Morocco 19,493 2008[3]
73 Azerbaijan 18,700 2010[2]
74 Turkmenistan 17,400 2010[2]
75 Cuba 16,990 2008[3]
76 Iceland 16,484 2009[3]
77 Tajikistan 15,971 2008[3]
78 Slovenia 15,634 2009[3]
79 Oman 15,085 2009[4]
80 Mozambique 14,975 2008[3]
81 Dominican Republic 14,577 2008[3]
82 Tunisia 14,395 2008[3]
83 Jordan 13,010 2008[3]
84 Bosnia and Herzegovina 12,692 2008[3]
85 Kyrgyzstan 11,702 2008[3]
86 Croatia 11,658 2008[3]
87 Bahrain 11,217 2008[3]
88 Estonia 9,984 2008[3]
89 Zambia 9,752 2007[3]
90 Sri Lanka 9,507 2007[3]
91 Uruguay 9,265 2007[3]
92 Trinidad and Tobago 9,100 2010[2]
93 Lebanon 9,030 2007[3]
94 Zimbabwe 8,890 2007[3]
95 Costa Rica 8,808 2007[3]
96 Guatemala 8,425 2007[3]
97 Congo, Democratic Republic of the 8,220 2007[3]
98 Georgia 7,970 2008[4]
99 Jamaica 7,324 2007[3]
100 Ghana 6,746 2007[3]
101 Sudan 6,509[3] 2009
102 Burma 6,286 2007[3]
103 Macedonia 6,051 2007
104 Armenia 5,941 2006
105 Lithuania 5,700 2010[2]
106 Panama 5,661 2005
107 Kenya 5,502 2005
108 Albania 5,385 2005
109 Honduras 5,339 2005
110 El Salvador 5,316 2006
111 Côte d'Ivoire 5,305 2005
112 Bolivia 5,293 2006
113 Latvia 4,778 2005
114 Cyprus 4,618 2006
115 Yemen 4,456 2005 (estimations)
116 Cameroon 4,090 2005
117 Kosovo 3,996 2006
118 Moldova 3,881 2005
119 Papua New Guinea 3,698 2005
120 Mongolia 3,430 2006
121 Luxembourg 3,156 2005 (estimations)
122 Ethiopia 2,864 2005
123 Montenegro 2,864 2005 (estimations)
124 Nicaragua 2,778 2006
125 Brunei 2,735 2005
126 Angola 2,585 2005
127 Nepal 2,511 2006
128 Mauritius 2,350 2006
129 Senegal 2,159 2006
130 Malta 2,106 2005
131 Bhutan 2,000 2005
132 Uganda 1,983 2005
133 Bahamas 1,894 2005
134 Tanzania 1,880 2005
135 Guam 1,793 2005
136 Laos 1,715 2005
137 Namibia 1,688 2005
138 Macau 1,670 2006
139 Suriname 1,530 2005
140 Gabon 1,520 2005
141 New Caledonia 1,508 2005
142 Malawi 1,397 2005
143 Netherlands Antilles 1,175 2005
144 Fiji 1,046 2005
145 Madagascar 1,046 2005
146 U.S. Virgin Islands 996 2005
147 Barbados 953 2005
148 Botswana 912 2005
149 Guinea 840 2006
150 Guyana 807 2005
151 Mali 804 2006
152 Aruba 770 2005
153 Afghanistan 754 2005
154 Bermuda 618 2005
155 Haiti 535 2005
156 Burkina Faso 516 2005
157 French Polynesia 462 2005
158 Swaziland 460 2007
159 Cayman Islands 400 2005
160 Congo, Republic of the 400 2007[3]
161 Lesotho 350 2005
162 Liberia 319 2005
163 Djibouti 306 2006
164 Saint Lucia 304 2005
165 Greenland 300 2005
166 Faroe Islands 290 2005
167 Somalia 270 2005
168 Eritrea 252 2006
169 Mauritania 248 2005
170 Sierra Leone 245 2005
171 Niger 234 2005
172 Belize 200 2007 (estimations)
173 Micronesia, Federated States of 192 2002
174 American Samoa 180 2005
175 Togo 176 2005
176 Maldives 169 2005
177 Grenada 150 2005
178 Gambia, The 145 2005
179 Gibraltar 141 2005
180 Burundi 137 2005
181 Cambodia 134 2005
182 Saint Kitts and Nevis 125 2005
183 Saint Vincent and the Grenadines 115 2005
184 Samoa 111 2009[5]
185 Central African Republic 109 2005
186 Antigua and Barbuda 105 2005
187 Benin 105 2005
188 Chad 95 2005
189 Rwanda 95 2005
190 Western Sahara 85 2005
191 Dominica 80 2005
192 Solomon Islands 60 2005
193 Guinea-Bissau 60 2005
194 Tonga 54 2006
195 Saint Pierre and Miquelon 50 2005
196 Cape Verde 45 2005
197 British Virgin Islands 45 2005
198 Vanuatu 41 2005
199 Cook Islands 30 2005
200 Nauru 30 2005
201 Equatorial Guinea 28 2005
202 Comoros 20 2005
203 Montserrat 20 2005
204 Sao Tome and Principe 18 2005
205 Falkland Islands 16 2005
206 Turks and Caicos Islands 12 2005
207 Kiribati 9 2005
208 Saint Helena 8 2005
209 Niue 3 2005
210 Gaza Strip 0.14 2005
References

^ CIA - The World Factbook - Rank Order - Electricity - production

To Nigerians online, this is bad news for you. As we know ur obsessed with us. Im happy that we don't only have oil in our waters but also our neighbours Mozambique, Namibia(16-50billion next big thing),Madagascar (seating on 21 billion barrels of untapped oil), Tanzania have oil and gas even Kenya and East African countries. Again this region has overtaken west africa in terms of population. By 2050 Uganda, Tanzania,DRC will be knocking on Nigeria tail in terms of population.

SAD NEWS NIGERIA!!!These news and discovery of oil in other parts of Africa will affect ur prices.Ha ha soon ya'll will be DRINKING ur fucken OIL

SA’s Offshore Contingent Resources oil in place = 30 bbl

PREPARE TO SEE SOUTH AFRICA CELEBRATING OIL DISCOVERY SOON(official statement its a crysecret just like Russia that kept it a secret to reveal their diamonds trillion dollar wealth).Namibia has started rigging its OIL. Namibia has 16 BILLION BARRELS of oil recently the researchers have found out that have 50 billion barrels of oil their rocks formations are similar to Brazil. While Falkland Islands near Argentina have discovered 60 billion barrels of oil their rock formations are similar to West Coast of South Africa. Here the link to SA contigent oil=30billion barrels.

http://www.energy.gov.za/files/IEP/presentations/OilandGasReservesInSA_30March2012.pdf

To Sheyi my YORUBA friend Nigeria will still be behind to SA in many things. South Africa has the highest number of tarred roads in Africa(even low income areas are tarred with running water and electricity). While half of Nigerias population live in RURAL AREAS where water is still fetched from rivers and dams with no electricity.

WELL BEING OF ALL CITIZENS IS CELEBRATEDsmiley
Data published by the institute - an independent think-tank producing research, policy critiques and risk analysis on South Africa - shows that between 1996 and 2010:

The number of South African households living in formal houses increased from 5.8-million to 11-million or by 89.9%. Over the same period the proportion of all households living in a formal house increased from 64% to 76%.

The number of South African households with access to electricity increased from 5.2-million to 11.9-million or by 127.9%, while the proportion of all households with access to electricity increased from 58% to 83%.

The number of South African households with access to piped water increased from 7.2-million to 12.7-million or by 76.6%. The proportion with access to piped water increased from 80% to 89%.

"Increases of a similar magnitude are true for all 15 service delivery indicators tracked by the institute," Cronje said.

"These improvements are corroborated by Living Standard Measure [LSM] improvements, which show equally dramatic improvements in the number and proportion of people in higher living standard brackets.

"Together with increased access to social welfare, which now reaches over 15-million people, service delivery successes are responsible for the fact that the proportion of South Africans living on less than US$2/day has declined from 12% in 1994, and a peak of 17% in 2002, to just 5% today."

Regarding service delivery protests, Cronje said that there was "no contradiction between the successes we identify and the protests that are now commonplace around the country.

"These protests are not a function of the failure of delivery but rather of its success, in that this success has raised expectations that cannot be met because of shortcomings in the school system and the labour market."

Cronje said that while the ruling African National Congress (ANC) was not perfect, and while it could be debated whether state-led delivery was the best development model for a country to follow, "the data we have published is unambiguous that the ANC and the government it leads deserves considerably more credit for improving the living standards of poor and black South Africans than it has received."

SAinfo reporter

Read more: http://www.southafrica.info/about/social/delivery-200912.htm#.UWvV0sVcb4s#ixzz2QWhqv9xx

the difference between us/RSA(REAL GIANT) and them Jungle shithole Naija. While theyr building for the FATCATS we're building for the masses.
Our dream is to see all SOUTH AFRICANS living in a country where everyone of all races having access to clean water,electircity,tarred roads, health etc..
THIS IS CORNUBIA DICKEHEADS North of Durban near Umhlanga. Its a mixed development.
Everything done by SOUTH AFRICANS(Architects,Engineers,labour etc..). Theres no FONG KONGS/Chinese here grin
http://www.skyscrapercity.com/showthread.php?t=1137617&page=3

BRIDGE CITY
Built for the masses(Indians and blacks placed by apartheid in Phoenix and Umlazi).

http://www.bridgecity.co.za/news-details/2009/aug/20/bridge-city-durban-the-opportunity-to-invest-is-now/9/

Dickheads follow the link.

DURBAN POINT PROJECT.Note unlike Eko Atlantic our waters r CLEAN.

http://www.skyscrapercity.com/showthread.php?t=505388&page=22

This mixed housing project is meant for lower income people/masses(earn R3500-R7000 per month)(mainly blacks and coloureds). I love the views of TABLE MOUNTAIN AND ROBBEN ISLAND.

WESCAPE HOUSING Project Cape Town

http://www.skyscrapercity.com/showthread.php?t=1507991

We put masses foward again (earn R3500-R7000 a month).
In Port Elizabeth near NELSON MANDELA BAY UNIVERSITY. Part of placing our people back into the cities and racial mixing=RAINBOW NATION WE ARE.

WALMER LINK HOUSING.

http://www.gmsouthafricafoundation.com/blogpost.asp?id=35

Over 80 million Nigerians live in RURAL AREAS/VILLAGE champs where theres no running water in their houss or electricity.Im sure Eko covers all of this. Just imagine CROWDED streets of Lagos with yellow taxis and people walking in PYJAMAS THANX GOD IM A SOUTH AFRICAN, BEING SOUTH AFRICAN IS BOTH A PREVELAGE AND A BLESSING. We're one of few people in the world who are surrounded by both ATLANTIC(Namibia has 50billion barrels of recoverable oil and dubbed as next big thing, we share the same water as our DEAR neighbours Orange Basin is where our oil is at AND INDIAN OCEAN (Madagascar is seating on 21billion barrels of UNTAPPED OIL, our oil is waiting for us on the waters of Zululand).

http://www.tradingeconomics.com/nigeria/rural-population-wb-data.html

NAMIBIA=Next Norway
Namibia to overtake Nigeria in OIL production has about 166billion of original oil. The ORANGE BASIN(Border between SA and Namibia) is blessed with OIL. Am sure our Orange basin as well has these barrels of OIL.

http://www.oranjemundonline.com/Forum/index.php?topic=4336.5;wap2

Michael Alexander: 14 April 2013
NAMIBIA TO BE THE NEXT BIG THING IN OIL!!!
Namibia has potentially huge undiscovered offshore oil and gas fields, but a lack of data is hampering investment into the southern African nation, a senior petroleum official said on Friday.


Recent estimates suggest offshore Namibia contains about 166 billion barrels of original oil
Namibia, largely known for its uranium deposits, has the same geological formations as Brazil, where recent oil finds has raised hopes for similar finds across the Atlantic.

"As far as we are concerned the recent estimates suggest offshore Namibia contains about 166 billion barrels of original oil in place, the mean prospective resources are about 42.6 billion barrels of oil, and 128.8 (trillion cubic feet) of gas prospective resources," Immanuel Mulunga, petroleum commissioner at the Ministry of Mines told an African oil conference.

However, only 16 wells have been drilled along the country's vast coastline, half of them in the Kudu gas field, Mulunga added.

The Kudu deep water offshore gas field, being developed by Tullow Oil and Gazprom among others, has proven gas reserves of 1.3 trillion cubic feet but with an upside of 9 trillion cubic feet, said Mulunga.

London-listed Chariot Oil and Gas Ltd, which has a farm out agreement with Petrobas for its block 2714A in Namibia, said it expects to start production in 2013-14 after drilling its first well next year.

Chariot has eight offshore licenses to invest in three exploration blocks in Namibia, which has since 1999 adopted an open licensing system, allowing international oil companies the ability to apply for acreage at any time.

Mulunga said Namibia had the potential to become a major African oil producer, where big finds in Uganda and Ghana have spurred investors to frontier markets not usually associated with oil production.

"Recent results could locate offshore Namibia as one of the larger oil and gas resources contained in the west African coast," Mulunga said.

Warren Weidemann:
Oil? Hell no! These days the last thing you want, is to discover oil. I think there must be more than a few instances where the oil rich countries have rued the day they discovered oil.
Imagine the good old US of A suddenly taking a pro-active interest in Namibia.
Another oil rich desert country ripe for the picking.

Michael Alexander:
Could Namibia Be Ten Times Better Than Brazil for Oil?


I logged 9,814 air miles. Took four different flights. Spent a total of 54 hours traveling. All to meet with a man they call “Mr. GO Deep…”

“Mr. GO Deep” is the go to guy in offshore oil development. Oil companies pay him HUGE consulting fees in hopes to identify the next deep or ultra deep offshore oil deposits.

Yet in my recent trip down to Brazil, “Mr. GO Deep” sat at a table with me — just me — for two solid hours, explaining what he’s doing in the energy world. And why, while offshore Brazilian oil is good, there’s another deep sea play with even better oil prospects. Then he handed me off to several of his able staff, who were equally generous with their time and perspective. A first-class act, in every respect.

Here’s what I’ve found, along with a few ideas of how you can take advantage of the secrets he shared…

Meet “Mr. GO Deep” – The GO TO Man in Deep Oil Discoveries

The man I’m talking about is Marcio Mello — the always-ebullient Brazilian geochemist and CEO of Brazil’s HRT Petroleum Co. I first met Marcio back at last year’s American Association of Petroleum Geologists (AAPG) convention. He wowed the crowd with a discussion of the oil potential of the South Atlantic.

“The Namibian offshore is analogous to that of Brazil,” Marcio stated, with slides and hard data to back it up. Then he showed his proprietary research into natural offshore oil seeps off Namibia, and the geochemistry that demonstrates immense hydrocarbon potential. As for the reservoirs, he showed a slide of proprietary seismic data. “And look at this turbidite stuff,” he yelled, as a couple hundred seasoned geologists in the room both gasped and chuckled.

Indeed, Namibia is destined for oil riches. “But Namibia,” said Marcio, “is way underexplored. So you can put down a little money for the concessions and get very rich.”

Any mention of “very rich” makes my ears perk up. When I questioned Marcio further about the offshore Namibia deposits, he was gracious enough to invite me down to see his facilities in Brazil.

Here’s What I Found About Namibia…

I looked at seismic. I saw geochemistry. I saw satellite data. I saw gravity and magnetic maps. If there’s a frontier spot on earth where you can say that drilling risk is low for wildcat development, it’s offshore Namibia. (You just have to be sure to drill in the right place.)

Nothing is easy, of course. There aren’t a lot of wells offshore Namibia. Just a handful. But we know there’s a giant natural gas field at Kudu in the south, immediately north of the Namibian territorial line with South Africa. So there’s a hydrocarbon system out there. Now we know there’s gas, so where’s the rest of it? As Marcio says, “If I see a little baby, I look for its mama.”

After a week in Brazil, I can say something significant. It’s that right now, some people (guess who) know more about the deep regions offshore Namibia than Petrobras knew about the deep Campos Basin off Brazil before it drilled the Tupi discovery and found 12 billion barrels of oil.

The Secret Finding Namibia’s Oil

To understand what Marcio brings to the table – and his secret for finding deep oil plays — you first have to understand how big oil companies think about exploration…

There are a couple of different exploration philosophies among big oil companies. One philosophy is that the oil company gains an offshore concession and works the heck out of that concession. It puts big bucks into seismic, seismic and more seismic. Then it drills the biggest structure on the concession and MAYBE finds oil.

Or maybe not. Maybe the oil company drills a dry hole, because there’s a big structure with no oil. There are all sorts of geological reasons why this might happen. The bottom line is, “You have a wine bottle, but there’s no wine in it,” as Marcio says.

Another exploration philosophy is that an oil company gains an offshore concession and looks across the entire region for evidence of a petroleum system. Where did the oil and gas originate? Where’s the “oil kitchen”? What are the migration pathways? Where could that oil be now? After a lot of work at the REGIONAL level, then the company hones in on its concession and drills — and it’s not necessarily the big structure. Maybe it drills lower down, like in the oil kitchen.

I’m telling you things that people have spent BILLIONS of dollars learning the hard way. This is information that took Petrobras years to develop. Marcio had an uphill fight at Petrobras for a long time, working to replace “turbidite” thinking (a prolific kind of oil-bearing formation) with “petroleum systems” thinking.

Today, this “petroleum systems approach” is the kind of thinking that Marcio brings to the table.

Why Namibia’s Oil Is Even More Promising Than Brazil’s

If you’re a long time Whiskey reader, you already know I’m very bullish on Brazilian oil opportunities. But there are some things that make the Namibian oil plays even better. Allow me to explain…

Brazil is about to pass a set of new petroleum laws that will put its entire pre-salt region under the jurisdiction of a new national oil company (NOC), meaning NOT Petrobras, which is publicly owned. Future pre-salt deals will be along the lines of production sharing arrangements (PSAs) with the NOC, which private oil companies HATE because they can’t book the reserves and impress Wall Street.

There are all sorts of issues about how much interest Petrobras will get in future Brazil offshore concessions (30% is the current number). And how Petrobras will be the operator, on behalf of the NOC, of all future pre-salt plays off Brazil. It’s going to be complicated, if not hairy!

The bottom line is that if an international oil company wants to look for big oil fields, like pre-salt plays and find and book those huge volumes of oil, it has to go somewhere else.

Where else? Why… Namibia, of course! Offshore Namibia, you can get 10 times the acreage for 1/10th the price. For now..

There are many ways for you to take advantage of this discovery. First, if you’re looking for a home run opportunity, try searching some of the smaller oil companies with concessions in Namibia. You’ll want to look mainly at ones that are pure plays, though. A second, less exciting but safer way to play it would be to look at some of the big oil service companies that provide the drill bits, rigs, and hardware for general deep sea oil discoveries.

I recently put together a special report on Investing in Offshore Oil that discusses offshore oil investing plays.

LINK: http://whiskeyandgunpowder.com/could-namibia-be-ten-times-better-than-brazil-for-oil/

Michael Alexander:
Oil and gas explorer Tower Resources (TRP) is on target to drill its first well on licence 0010, offshore Namibia, within the next 16 months.

AIM-listed Tower said the next favourable operating window, between October 2011 and March 2012, remained its operational target as it makes headway with its 3D seismic data.

At the moment, Tower and its partners are focusing on processing the 3D seismic, of which around 65% has so far been completed and proven to be of "excellent quality".

Detailed interpretation to evaluate apparent direct hydrocarbon indicators will get underway in February, it said, after which time operator Arcadia Petroleum will put in place funding and a deepwater drilling rig contract.

Chief executive Peter Kingston said: "Our Namibia interest continues to progress within schedule and I am delighted with the excellent data quality from the 3D seismic survey."

Michael Alexander:
It's gonna be big....

This is good news for SOUTH AFRICA hence western cape government is extending SALDANHA BAY OIL REFINERY. We do have also untapped OIL in the Orange Basin shared with Namibia. LESSONS for Nigerians is that SOUTHERN AFRICAN countries are linked to South Africa in many ways. Share same currency, culture and language etc..Example Botswana(same as Batswana of SA), Swaziland(same as Swazis of SA),Zimbabwe(Shonas related to Vendas of Limpopo, Zulus,Ndebeles,Xhosas related to Zulus,Ndebeles,Xhosas of SA),Namibia(was colonised by SA and share alot with us),Mozambique(Shangaans,Tsongas etc..same Tsongas,Shangaans of Limpopo SA). These links go as far as Zambia, there are ZULUS in Zambia.

Most people think CAPE TOWN will be the RECEIVE A NEW FACELIFT FROM THESE OIL DISCOVERIES on the WEST COAST
CAPE TOWN URBAN RENEWAL PROJECT IS ON

Ha ha CAMEROONIAN friend of mine mentioned that Nigeria likes using INTERNATIONAL why didn't use that word on Eko Atlantic International

Something you didn't know there are many OIL DISCOVERIES IN AFRICA these days.
EAST AFRICA OIL
Uganda(6bbl of oil),Kenya(10bbl of oil),Ethiopia,even Somalia(11bbl of oil). East Africa has overtaken west africa in population. Countries like Ethiopia,Uganda,Tanzania etc..are projected to be knocking on Nigeria tail in terms of population.
SOUTHERN AFRICA
Namibia (18bbl-166bbl of oil), South Africa (is secretive 12bbl-30bbl of oil), Mozambique is rich in gas, while Madagascar seats on 21 bbl of oil. This discovery has made SA to digout a NEW DURBAN PORT AND REFINERY on the old Durban Airport plot.

Heres SOUTH AFRICAS OIL. Nigeria will be soon DRINKING their dirty oil. The US has dropped its imports of Nigerian oil. SA was buying Nigerian oil but now we'll be using our own and helping neighbours in OIL purification.

http://www.energy.gov.za/files/IEP/presentations/OilandGasReservesInSA_30March2012.pdf

^^^^Dude, seriously you need to take a chill bill and stop trying to puff out your chest here.

You need a reality check.......

Seriously mate, you can say all you like, but do you think Nigerians are going to be intimidated by someone who comes from a nation that not too long ago would have made you to walk about with a passbook?

Basically, a passport to travel around with, in your own country, YOUR OWN COUNTRY? All this done to you by a foreign MINORITY.

There are people in your country today who grew up without knowing what it felt like to physically cast their vote at the ballot box. We are not talking about voting being rigged, but on voting day.....they were simply excluded.

A country that is only two black presidents deep. Your people, my dear, were captives in your own country...and it took some brave SA people and the rest of the world to FREE YOU.....it will serve you well to remember that in your next arrogant rant.

Those brave people of principle would be shaking their heads in shame over your attitude here.


Or do you believe that nobody remembers how some of you were told which toilets you could use, which restaurants you were to eat at, which school your kids could attend and who they could marry.

It is because everyone remembers it, that it is an assault to the sensibilities of us all that you should turn around with the attitude you display here.

Yes SA has much to be happy about,but if the Afrikaner man and the Indians they put above you had not decided to live among you and bring SA up to the standard of the west they were used to, you would not be here boasting emptily.

SA would be where the west African countries you look down upon are, trying to take your country step by step to where it should be.

Also, all this copy and pasting about oil in Namibia....is that supposed to scare us? We already believe our future is far away from oil production. We have deposits, gas and shale.......but our experience with oil has showed us that we should look beyond our oil and gas resources, you obviously have not gotten over your obsession with it, so you will learn the hard way.

.....As you were.....



@topic, there are so many projects in the making across Nigeria. Looking forward to their completion some day. Eko Atlantic is definatley a project to watch

By a Nigerian MONKEY His tail was burning here it caught fire

Fellow Nigerians, Canadian Talisman Energy said on Tuesday that it had sold a 50 percent stake in shale natural gas assets in British Columbia to Sasol of South Africa for $1 billion, read more from this oil & gas news site - http://www.nogtec.com
My worry is South African oil companies are investing and wining contracts for their economy. Do you know that another South African company - Sacoil is expecting its first oil from Nigeria in 2014. Read http://www.nogtec.com
What is our NNPC doing? regulating flow of corruption in the surviving foreign oil firms in Nigeria. It is sad that we can not think with our heads the way the Indians, South Africa and other emerging economies are doing.What say you? please help me out to know why

@Londoner
Inferior complex is killing u by the way why ru not in Lagos instead of London(because of the MEND vs Boko Harama gun fight I think).

OLD MAN am sure am blogging with an OLD PITCH BLACK MONKEY here, Eko Atlantic is about the same as the DURBAN POINT WATERFRONT ON THE TIP OF DRUBAN HARBOUR. Guest wat we didn't call that area Ushaka Marine City because we wanted to get peoples attention. No we'rent desparate for attention. PEOPLE(12million tourists) FROM ALL OVER THE GLOBE COME COME TO SOUTH AFRICA BECAUSE THEY KNOW ABOUT THE COUNTRIES NATURAL BEAUTY. WE HAVE THE TABLE MOUNTAIN, ROBBEN ISLAND, CANGO CAVES, CRADLE OF HUMANKIND etc..list is endless.We're approaching winter we're gonna get tourists who will be participating in SNOW SKIING.