mrvitalis:
Do this People have sense at all ?
Even if there was oil in the north ...you need the oil to be 3 times the oil in the Niger Delta region for it to make economic sense drilling the oil honestly

From my analysis it would take 15 billion dollars to build pipeline to transport oil from the north east basin to the ocean in calabar ...or at best ebonyi so you can then use the calabar river to move them

So you need at least 1 million barrels per day production for like 20 years to make such investment worth it


People would say build module refinery ? They are hardly profitable

.well let's watch n see

If oil is found in the north, it's a good thing for the north and for Nigeria as a whole.

Sometimes I believe strongly the opposition some of you have against any mention of oil in the north isnt necessarily driven by genuine patriotism; rather its purely out of inter-ethnic prejudice. Take a chill pill bro, oil in the north would be very beneficial to Nigeria as a whole.

Your analysis of it being economically unviable holds absolutely no water. Oil is produced in Chad republic and it's economically viable there; so why would oil in Bauchi be unviable? And where did you conjure that bizarre figure of $15billion from? Even the trans-saharan gas pipeline from Rivers state to Morocco wouldn't cost that much.

Another source of Corruption
WHAT HAVE YOU ACHIEVED WITH OIL MONEY?
YOU CAN HAVE AREWA REP. NOW?

Dear God, please bless Buhari and the fulanis with CRUDE oyel! Amen!

AcuraZDX:
Atleast Niger Delta Oil can rest small.

Let the drilling begin immediately oo and the revenue shared with other states too

Hahaha both would be drilled together.

Joezik:
This people don't have sense ...1. oil is not part of a long term future.

2. What about agriculture with vast land there??

1. Oil and gas, not crude oil alone. Besides, crude oil and its sub particles will be here for quite a while, like at least 2060, enough time to explore those resources and change a lot of things.

2. The two are not mutually exclusive, in fact, both will help each other.

5starMan:
This is pure lies...
FYI I was part of the crew at KOLMANI 3 years ago.
You can't call that commercial quantity, maybe it is political quantity.
Nonesense

In what area is Kolmani located precisely?

BloomingDale:
Can we now separate in peace?

No u most stay with us and my Borno most be Capital





Shikenan Nagode

omonnakoda:
Your comment is motivated by Bad belle and nothing else
Why 3 times why not 300 times ? Where did you get that nonsense from Oil is oil and it does not have to be exported . It can all be refined and used within Nigeria

It will make economic sense IF IT IS TRUE


By your calculation

What stupid calculation?

Why must oil be exported? Why can't it be refined and used in the North or across Nigeria?

So you really think the goal of the exploration is to produce oil for refining?
No refinery is working presently and I don't see why serious plan to make any work.
The fact is the idea is to make northern states oil producing so they can also access the benefits of being oil producing states and not all these talk of refining

Otuegbe:
Once they insert pipe down,in the name of drilling oil. Trust Buhari,before Dec. they Will be included in NDDC. 13% will be given to them.

Thats the target.whether oil or no oil

;Dfunny but fvcking true

we hope they share the oil wells with the south without any hold out.


The truth is that Nigeria has a lot of oil and other resources, especially oil, that we can be pumping almost 8 million barrels a day, and 5 million barrels per day, when we are feeling lazy or have equipment downtime.

Agbegbaorogboye:

So you really think the goal of the exploration is to produce oil for refining?
No refinery is working presently and I don't see why serious plan to make any work.
The fact is the idea is to make northern states oil producing so they can also access the benefits of being oil producing states and not all these talk of refining

You are sounding foolish
So if the oil is refined that means it won't be paid for? It would be given away for free?
Is refining not a benefirt?


What are the benefits of being an oil producing state and what is wrong with accessing benefits of being one

VaginaMiners:

Death to you and your generation.
May all Pandora Hoebi supporters die a painful and slow death

Do you realise how daft the both of you are?


Wishing death on people simply because they don't agree with you?


Even my dog has more sense.

omonnakoda:
You are sounding foolish
So if the oil is refined that means it won't be paid for? It would be given away for free?
Is refining not a benefirt?


What are the benefits of being an oil producing state and what is wrong with accessing benefits of being one

You're sounding daft.
I'm sure you're talking about local refining.
Will local refining generate forex?
Which refinery is working presently that the oil drilling will be a benefit for?
States get 13% of revenue derived from oil explored and sold on their behalf
Learn to use your brain if any

mrvitalis:
Do this People have sense at all ?
Even if there was oil in the north ...you need the oil to be 3 times the oil in the Niger Delta region for it to make economic sense drilling the oil honestly

From my analysis it would take 15 billion dollars to build pipeline to transport oil from the north east basin to the ocean in calabar ...or at best ebonyi so you can then use the calabar river to move them

So you need at least 1 million barrels per day production for like 20 years to make such investment worth it


People would say build module refinery ? They are hardly profitable

.well let's watch n see

pessimist,leave am like that.make them go launch am.lets start from there.

na lie joor, oil no de for mallam land all na APC lie lie

mrvitalis:
Do this People have sense at all ?
Even if there was oil in the north ...you need the oil to be 3 times the oil in the Niger Delta region for it to make economic sense drilling the oil honestly

From my analysis it would take 15 billion dollars to build pipeline to transport oil from the north east basin to the ocean in calabar ...or at best ebonyi so you can then use the calabar river to move them

So you need at least 1 million barrels per day production for like 20 years to make such investment worth it


People would say build module refinery ? They are hardly profitable

.well let's watch n see

the hate you give would Bleep you up. Your just pained its in the North that's why you choose not to see any positive from it. Saddist.

No be only oil..
Maybe it's groundnut oil.
Scam ...alert.

immortalcrown:
Na pipe from ND carry oil go there.

Dem go soon open seaport for North. E get one ocean wey dey North since but dem never discover am.

E shock you abi?

chidooh1:
na lie joor, oil no de for mallam land all na APC lie lie

Envy is the root of all evil, it might give you high blood pressure before you leave this world.

Agbegbaorogboye:

You're sounding daft.
I'm sure you're talking about local refining.
Will local refining generate forex?
Which refinery is working presently that the oil drilling will be a benefit for?
States get 13% of revenue derived from oil explored and sold on their behalf
Learn to use your brain if any

Must everything generate forex? See the limits %f your brain and in your mind your are intelligent
Are we not spending forex importing petrol? If we are refining does that not reduce Forex demand?
If the oil is in commercial quantities to justify it a refinery can be built
Even if the oil is refined will that stop states getting 13%??
Does 13% derivation only apply to FOREX?



You do not know anything and think you know everything . What a dunce

Phantom233:

Why should they build modular refinery when such is not genuinely support in the south? The oil should be transported to the south for refining .

the trans Chad pipeline is closer for export via Cameron is already exiting it 400km away !

omonnakoda:

Must everything generate forex? See the limits %f your brain and in your mind your are intelligent
Are we not spending forex importing petrol? If we are refining does that not reduce Forex demand?
If the oil is in commercial quantities to justify it a refinery can be built
Even if the oil is refined will that stop states getting 13%??
Does 13% derivation only apply to FOREX?



You do not know anything and think you know everything . What a dunce

A refinery can be built by who? With what?
You're making too many assumptions out of your ignorance
Are you aware there's crude allocation for our moribund refineries even till now?
13% derivation applies to oil sold on behalf of NNPC in the oil market. The part of refinery is another matter all together. Go and check.

Your fingers are faster than your brain unfortunately

Agbegbaorogboye:

A refinery can be built by who? With what?
You're making too many assumptions out of your ignorance
Are you aware there's crude allocation for our moribund refineries even till now?
13% derivation applies to oil sold on behalf of NNPC in the oil market. The part of refinery is another matter all together. Go and check.

Your fingers are faster than your brain unfortunately

You are not bright

We do not know how much oil they discovered that would determine whether a refinery is worth building at all.
That is the condition I included in my statement for those who can read and comprehend

That is all there is to it

It is a purely business and logical decision.

13% derivation would accrue whether the oil is exported or sold to a local refiner


What is your point because you do not seem to know what your point is?
So by your logic Dangote Refinery will not pay for oil if he gets it from Nigeria?

immortalcrown:
Na pipe from ND carry oil go there.
.

You spoke my mind

ArewaNorth:


https://dailytrust.com/buhari-to-officiate-first-oil-drill-in-northern-nigeria/

I hope they find oil in d north in large quantities so naija can split in peace.I bliev if north find oil they will agree to go separate ways so those that want progress can move on n leave thosr who will rather concentrate on religion to do so .

Where is the oil they discovered in badagry?no country in the world that don't ve oil but the question is about quality and quantity, Indonesia discovered oil but the quality is useless the abandoned it,

omonnakoda:
You are not bright

We do not know how much oil they discovered that would determine whether a refinery is worth building at all.
That is the condition I included in my statement for those who can read and comprehend

That is all there is to it

It is a purely business and logical decision.

13% derivation would accrue whether the oil is exported or sold to a local refiner


What is your point because you do not seem to know what your point is?
So by your logic Dangote Refinery will not pay for oil if he gets it from Nigeria?

You do not know but you know a refinery could be built on a quantity you don't know by who you don't know

You must be really proud of your brain to advertise it like dis

It is good you have finally found some depth in thought to mention Dangote. That's why I asked who is building the refinery. I'm trying to guide you to sense through a slow and painful process.

Can you now mention the oil field for whose purpose Dangote it's building his refinery? Any name? There!!

The FG has three refineries close to oilfields. Are they working now? Have the oilfields closed down because they're not? There!!

I already educated you that the oil allocated to our FG owned refineries are not captured for 13%. Now that you ask about Dangote.

Are you aware NNPC presently has about 20% stake in Dangote refinery? That notwithstanding, Dangote refinery as a private concern can decide to buy at international oil market or he can decide to buy locally at a decided price.

What I'm pointing out to you dull sir is that the idea behind oil production in Nigeria is 13% derivation and oil producing status and not just refining especially for local consumption as you put it.

Get it?

Good, so can we separate now?

ArewaNorth:


https://dailytrust.com/buhari-to-officiate-first-oil-drill-in-northern-nigeria/

As what now? Driller,mud man,toll pusher,roast about,company man etc. Which one?

MandelaLives:


Congratulations to Buhari and the North.

Dear Buhari, all we are saying, don't try to rig the election next year.

Dear Nigerians, this is how we can STOP any possibility of rigging the election:

https://docs.google.com/document/d/1XLgZXaPbaDk39Rw9DxAq4-37di3JahJIaFbnfc-M5LE/edit?usp=drivesdk

Una never lose una don already dey cry.


No one is going to rig the elections because deranged Obi is going to lose with a wide margin.

Oil is the main reason Shettima found and sponsored Boko Haram, Buhari wants to drill the ioil for Shettima to eliminate Tinubu and declare Arewa caliphate if APC wins election.
The oil belongs to all Nigerians unlike Zamfara gold that Buhari ceded to Criminals.

Is the information is true then Nigeria should expect the beginning of the separation, north will one day start rally for liberation.