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Production Performanceof Oil Companies In Nigeria (photos ) - Politics (6) - Nairaland

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Re: Production Performanceof Oil Companies In Nigeria (photos ) by PVision2020(m): 8:38am On May 26, 2020
Sunshineg5:
So how is 1million per year equal to 20,000 per day that is two thousand plus per day at best.

20,000 × 30 = 600,000

600,000 ×12 = 7,2000,000 barrels a year

And you are an important member of Ipob department of Sats. cheesy

Shey na so you dey do your mathematics for that side?
My guy you no get Joy at all, you just dey follow the guy dey flog am all through the thread. I beg allow the dilector of the IPOB Bureau of Statistics beat his hairy chest in "piss" na...haba, na so you wicked...lol

The old man thought everyone is as daft as his Ipob brethren who chokes on gibberish and balderdash Nnamdi Kanu churn out.

3 Likes 1 Share

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Anambra1stSon(m): 8:40am On May 26, 2020
Michael004:
Ehe eh, see him, Jeff bezos son. Person his family own the world.

Yes, you celebrate merit. We all saw that in Invictus obi.

Yes, you truly celebrate merit, we saw that in Orji uzor kalu.

Oya increase the fire of your jealousy, let see how that will stop Alakija.

Greetings to your family online billionaires grin
Alakija is receiving 10% on behalf of IBB, Uju bought her well, financed by Union bank which major shareholder and managment are Igbos. Brittania U was awarded 100% interest in Ajapa field

4 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Michael004: 8:46am On May 26, 2020
Sunshineg5:
Even if it has 100 wells, not all wells produce oil grin

Don't they you teach anything in that ipob department of statistics.
Tell him to go and be collecting 13% derivative na

1 Like

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Sunshineg5(m): 8:49am On May 26, 2020
Michael004:
Tell him to go and be collecting 13% derivative na
Government is yet to even recognize Kogi and Anambra as oil fields because the company that claims to have discovered oil in Anambra are still exploring.

1 Like

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 9:17am On May 26, 2020
post=89968539:

Information I'm giving is from DPR, Famfa stake in Agbami field is 10%, Agbami is production sharing field unlike Ajapa that's marginal field

Famfa stake is 60%. What you displayed doesn't debunk anything. You bloody liar. cheesy

Ajapa is a joint venture between Brittania group and Cheveron/NNPC. You bloody liar. grin

4 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 9:23am On May 26, 2020
post=89969337:

Alakija is receiving 10% on behalf of IBB, Uju bought her well, financed by Union bank which major shareholder and managment are Igbos. Brittania U was awarded 100% interest in Ajapa field

How many % is Uju receiving from 10,000bpb joint venture Ajapa field? grin


You must be a pathological liar. grin

1 Like

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Sunshineg5(m): 9:25am On May 26, 2020
forgiveness:


How many % is Uju receiving from 10,000bpb joint venture Ajapa field? grin


You must be a pathological liar. grin
It's1000 not 10,000 barrels per day

1 Like

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 9:28am On May 26, 2020
Sunshineg5:
It's1000 not 10,000 barrels per day

Chineke meeeeeee! You mean one tawa? grin chaiiiii!

Anambra1sttson can lie ooooo. grin

Thanks. 1,000 barrel per day Vs 220,000 bp per day.

That boy use brain na. grin

1 Like

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Sunshineg5(m): 9:31am On May 26, 2020
forgiveness:


Chineke meeeeeee! You mean one tawa? grin chaiiiii!

Anambra1sttson can lie ooooo. grin

Thanks. 30,000 barrel per Vs 220,000 bp per day.

That boy use brain na. grin
Check the first page

The production level is there

Fanfa gets 10% of 250,000 barrels per day which is 25,000 barrels

The pride of Ndigbo gets 1000 barrels per day

1 Like

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 9:37am On May 26, 2020
Sunshineg5:
Check the first page

The production level is there

Fanfa gets 10% of 250,000 barrels per day which is 25,000 barrels

The pride of Ndigbo gets 1000 barrels per day


Bros, Famfa gets 60%. She took federal government to court after they hijacked 50% from the deal and left her with 10%.

She has won the case and now receives 60%.

What Anambra1sttson posted was half baked truth. He did that yesterday when he posted an outdated stats for Ibadan airport passenger stats. He is a big FRAUD. grin

2 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Sunshineg5(m): 9:42am On May 26, 2020
forgiveness:


Bros, Famfa gets 60%. She took federal government to court after they hijacked 50% from the deal and left her with 10%.

She has won the case and now receives 60%.

What Anambra1sttson posted was half baked truth. He did that yesterday when he posted an outdated stats for Ibadan airport passenger stats. He is a big FRAUD. grin
Wow cheesy

So Alakija would basically buy their Ndigbo pride Five times and still have change cheesy

Chineke

1 Like

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 9:43am On May 26, 2020
post=89956376:
When I told ignorant minds that Famfa own by Alakija isn't into oil exploration they will be arguing, claiming audio richest woman in Africa , check the table the only woman in oil exploration in Nigeria is Uju Ifejika owner of Brittania U, Uju Ifejika is the richest she is just playing cool


By your logic, Uju Ifejika is not into oil exploration because her 1,000 barrel per Ajapa field is a joint venture between Brittania group and Cheveron/NNPC. Stop lying. grin

1 Like

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Anambra1stSon(m): 9:47am On May 26, 2020
forgiveness:


Famfa stake is 60%. What you displayed doesn't debunk anything. You bloody liar. cheesy

Ajapa is a joint venture between Brittania group and Cheveron/NNPC. You bloody liar. grin
Famfa stake is 10%

4 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 9:48am On May 26, 2020
Sunshineg5:
Wow cheesy

So Alakija would basically buy their Ndigbo pride Five times and still have change cheesy

Chineke

Hahahaha! Anambra1sttson is liar. That's the fact.

2 Likes 1 Share

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Anambra1stSon(m): 9:48am On May 26, 2020
forgiveness:



By your logic, Uju Ifejika is not into oil exploration because her 1,000 barrel per Ajapa field is a joint venture between Brittania group and Cheveron/NNPC. Stop lying. grin
Otondo go and check operator of Ajapa field

4 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Anambra1stSon(m): 9:51am On May 26, 2020
forgiveness:


Hahahaha! Anambra1sttson is liar. That's the fact.
Dumbo this DPR site

4 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 9:53am On May 26, 2020
post=89971383:

Famfa stake is 10%

That was before she won the case against federal government. You bloody liar. grin

Stop posting outdated stuffs here. Are you not the one that posted 2018 passenger traffic of airports in Nigeria showing Ibadan airport with just 300 passengers?

After my research, I discovered you are a pathological liar when I saw 2019 data of ibadan with 13,000 passengers in the first Q1. You bloody liar. grin

4 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 9:54am On May 26, 2020
post=89971515:

Dumbo this DPR site

Which year? You bloody liar. grin

1 Like

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 9:55am On May 26, 2020
post=89971433:

Otondo go and check operator of Ajapa field

Joint venture Ajapa field remains. Do you understand that English? grin

Bloody liar.

2 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Smithkafors(m): 9:56am On May 26, 2020
You people are here arguing,my own is how can I be among these people.They are controlling millions u guys are here arguing.Na person money una dey calculate o.Thanks for the enlightment,the argument is an eye opener.See vessels,na person get am o.
Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 10:05am On May 26, 2020
post=89971515:

Dumbo this DPR site

Anambra1sttson, boy.....how far? grin


Agbami Field: Supreme Court Ruling Hands 150,000BOPD To Famfa

SECTION: IN THE NEWS · DECEMBER 12, 2012 · 1 COMMENT | TAGS: AGBAMI, FAMFA, FEATURED, NNPC


The Nigerian Supreme Court ruling on Famfa Petroleum’s stake in the Oil Mining Lease (OML 127) simply affirms the pronouncement of the lower courts with which industry watchers are familiar, if not in respect of the implications for the parties and the country but in terms of defining the “winner” and the “loser”.

With the judgement, Famfa’s entitlement to lift 150,000BOPD, or 60% of the 250,000BOPD production from Agbami is now a done deal.
This is huge. To put it in context, the volume is around 6% of Nigeria’s 2.5MMBOPD, and clearly a higher volume than (the French Major) TOTAL’s entire equity production in shallow water Nigeria. Yet TOTAL operates four Nigerian offshore acreages and is the fourth largest producer of Nigerian crude.

Famfa, a local independent, went to court to contest the Nigerian government’s “back –in rule” (BIR), which stipulate a takeover, by Government, of 50% equity in indigenous deepwater blocks upon declaration of commerciality and OML 127 happens to be one. As provided in BIR, all of the 50% is to come from Famfa’s 60%, leaving the company with 10%. The company immediately headed for the court and won, before production commenced in 2008. The NNPC, (the government’s representative and concessionaire on the asset) contested the ruling in both Appeal and the Supreme Court and the judgement has been the same: That the acquisition of a proportion of Famfa’s interest by the Federal Government of Nigeria in OML 127 was in “breach of the proper procedure laid down by statue, and was thus illegal, null and void”. Agbami has produced around 250,000BOPD for four years. Famfa has thus been entitled to lift 150,000BOPD all these years, but had never been allowed to lift more than the 10% that the back in rights stipulated.

The NNPC’s tooth and nail battle to keep Famfa’s equity at 10% is widely perceived as being as altruistic as the principle which informed the “back in rights” rule, enunciated in 2007. The state hydrocarbon company was hoping to claw back, by regulation, what the soldiers who ruled the country until 1999 gave away by Fiat. The NNPC is more or less saying: “how could a single company (read INDIVIDUAL), without any significant investment, just be entitled to six percent of the entire national daily production

http://africaoilgasreport.com/2012/12/in-the-news/agbami-field-supreme-court-ruling-hands-150000bopd-to-famfa/

4 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Anambra1stSon(m): 10:09am On May 26, 2020
forgiveness:


Joint venture Ajapa field remains. Do you understand that English? grin

Bloody liar.
Ajapa field was acquired by Brittania from Cheveron

4 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 10:09am On May 26, 2020
Anambra1sttson, you are peeping. grin

How far with Uju? grin

Alakija no be mate of 1,000 bpb per day Ajapa oil field joint venture of Uju. cheesy

1 Like

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 10:16am On May 26, 2020
post=89972093:

Ajapa field was acquired by Brittania from Cheveron

Bloody liar. Ajapa field is a joint venture between Brittania group and Cheveron/NNPC. This is from Brittania group website. You bloody liar. grin

2 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 10:21am On May 26, 2020
Anambra1sttson are you speechless? grin

I know you will abandon this thread and open another since you have been debunked with proven facts. grin

Shame on you. grin

1 Like

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 10:25am On May 26, 2020
Ajapa field remains a disappointment in business. cry cry cry

2 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Justiceleague1: 10:26am On May 26, 2020
Michael004:
Victim crier.

2 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Anambra1stSon(m): 10:26am On May 26, 2020
forgiveness:


Bloody liar. Ajapa field is a joint venture between Brittania group and Cheveron/NNPC. This is from Brittania group website. You bloody liar. grin
You guys are really ignorant, I'm showing you DPR list you are quoting blog site

4 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Anambra1stSon(m): 10:34am On May 26, 2020
forgiveness:
Ajapa field remains a disappointment in business. cry cry cry
Brittania U is exploring Ajapa

2 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 10:34am On May 26, 2020
post=89972771:

You guys are really ignorant, I'm show you DPR list you are quoting blog site

You must be an ignoramus.

See case file of case between NNPC and Famfa oil. grin

Famfa oil owns 60% stake in Agbami oil field. Gbam. cheesy

Read the judgment. That's if you can understand. grin

Stop posting outdated stuffs. grin

2 Likes

Re: Production Performanceof Oil Companies In Nigeria (photos ) by forgiveness: 10:35am On May 26, 2020
post=89973051:

Brittania U is exploring Ajapa

Which year did Brittania buy Ajapa field? grin

1 Like

Re: Production Performanceof Oil Companies In Nigeria (photos ) by Anambra1stSon(m): 10:47am On May 26, 2020
forgiveness:


You must be an ignoramus.

See case file of case between NNPC and Famfa oil. grin

Famfa oil owns 60% stake in Agbami oil field. Gbam. cheesy

Stop posting outdated stuffs. grin
I hope you understand the functions of DPR Or you are arguing for argument sake

2 Likes

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