It’s no news the North wants GEJ out of the way,
so their licenses can be renewed cos most of them
are expiring from 2017 upwards.


(1) This oil block business is so lucrative that
Danjuma’s Sapetro divested of its investment in
Akpo condensate for $1billion dollars. This
business is second to none in Nigeria. That is why
any attempt to investigate the activities in this
sector will always be futile. The money is so much
that they give bribes in millions of dollars.

(2) OML 110 with high yield OBE oil fields was
given Cavendish Petroleum owned by Alhaji Mai
Daribe, the Borno Patriarch in 1996 by Sanni
Abacha. OBE oil field has estimated over 500
million barrels of oil. In layman’s language and
using average benchmark of $100 dollars per
barrel, translates to $50 billion dollars worth of oil
reserve. When you remove the taxes, royalties and
sundry duties worth about 60% of the reserve
payable over time you get about $20billion dollars
worth of oil in the hands of a family.

(3) OPL 246 was awarded to SAPETRO, a company
owned by General Theophilus Danjuma, by Sanni
Abacha in 1998. Akpo condensate exports about
300,000 barrels of crude daily.
(4) NOML 112 and OML 117 were awarded to AMNI
International Petroleum Development Company
owned by Colonel Sanni Bello in 1999. Sanni Bello
is an inlaw to Abdulsalami Abubakar, former Head
of State of Nigeria.

(5) OML 115, OLDWOK Field and EBOK field was
awarded to Alhaji Mohammed Indimi from Niger
State. Indimi is an inlaw to former Military
President Ibrahim Babangida.
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(6) OML 215 is operated by Nor East Petroleum
Limited owned by Alhaji Saleh Mohammed Gambo.

(7) OML 108 is operated by Express Petroleum
Company Limited is owned by Alhaji Aminu
Dantata.

( cool OML II3 allocated to Yinka Folawiyo Pet Ltd is
owned by Alhaji W.I. folawiyo

(9)ASUOKPU/UMUTU marginal oil fields is operated
by Seplat Petroleum. Seplat is owned by Prince
Nasiru Ado Bayero, cousin to the Central Bank
Governor Lamido Sanusi. This oil field has the
capacity of 300,000 barrels of oil daily. This
translates to $30million dollars daily at average
benchmark of $100 dollars per barrel. Deducting
all sundry taxes, royalties etc , this field can yield
$12billion dollars daily for the owners .

(10)Intel owned by Atiku, Yarádua and Ado Bayero
has substantial stakes in Nigeria’s oil exploration
industry both in Nigeria and Principe and Sao
Tome.

source: naijaonpoint.com

i'm not there, why?