NIGERIAN independent, Oranto Petroleum, said it is investing $500 million to develop South Sudan’s Block B3, launching a comprehensive exploration campaign starting immediately.

The Ministry of Petroleum and Oranto Petroleum Company, South Sudan signed the exploration and production sharing agreement, EPSA, for the block last week in capital city of Juba.

The B3 area covers 25,150 square kilometres. Some aeromagnetic and seismic data have been acquired for the area but no wells have been drilled. South Sudan’s Minister of Petroleum Ezekiel Lol Gatkuoth, said: “We believe the petroleum resources of Block B3 are vast.

To reach our target of more than double current oil production, we need committed new entrants like Oranto.” Arthur Eze, Founder and Chairman of Oranto Petroleum, said: “Our company is at the vanguard of African firms exploring and developing African assets.

This is the beginning of a long-term collaboration with Nilepet, the people of South Sudan and our partners to bring to light the immense potential of Block B3. Oranto is committed to an aggressive exploration work program that will benefit all stakeholders.”

Read more at: http://www.vanguardngr.com/2017/03/nigerian-oil-firm-oranto-invests-500mn-south-sudan-oil-block/

K

Who owns oranto? I've never heard the name!

I just hope we don't exploit and use them like we suffered at the hands of the multinationals

The first poster is suffering from depression. Pls don't allow him go anywhere near 3 MLD bridge

This is bad

Right now I don't even know if this is a good news or not! I mean, its OIL... The CURSE of the black Nation!

Chia

Engr. Arthur Eze ride on

Na wao

This should enter fp

Mentcee:
Buhari is a stupid monkey.

Pls press like to agree.

Abeg people should dash this guy likes o to prevent another suicide story.

Rubbish

Umu igbo pls remember igbo youths site some of these companies at anambra or imo so our teeming youths can benefit.nice one chief arthur eze,as long nigeria keeps rejecting us igbos we wl progress elsewhere.

What stops them from building refineries here Mad leaders with blunt head everywhere

Good business idea. who would want to invest such huge amount in this visionless government plus their nonsense EFCC suspecting everyone upandan. Imagine the kind of money kept idle by people cos Buhari felt they all stole it and must all be jailed plus his hatred for the people of SS and SE

Mentcee:
Buhari is a stupid monkey.

Pls press like to agree.

Why? Please elaborate I am interested

rafabenitez:
Umu igbo pls remember igbo youths site some of these companies at anambra or imo so our teeming youths can benefit.nice one chief arthur eze,as long nigeria keeps rejecting us igbos we wl progress elsewhere.

Nwane is not proper to invest such huge amount in this govt cos the man hates us. Remember our brothers are also much in Sudan so the money will reach home. definitely he will employ ours.

Fifthcolumnist:
Who owns oranto? I've never heard the name!

I just hope we don't exploit and use them like we suffered at the hands of the multinationals

The first poster is suffering from depression. Pls don't allow him go anywhere near 3 MLD bridge

Arthur Eze owns Oranto petroleum same with triax airlines

u

Fifthcolumnist:
Who owns oranto? I've never heard the name!

I just hope we don't exploit and use them like we suffered at the hands of the multinationals

The first poster is suffering from depression. Pls don't allow him go anywhere near 3 MLD bridge

Engr prince Arthur Eze...eze n'ukpo...the richest igbo man in the country

I hope the $500 million is not sourced from the Nigeria economy?

A Yoruba lawyer working in UK wrote to his wife in Nigeria.

Ajoke Darling,
I can't send you my salary this month because the global market crisis has affected my Company' s performance, so I am sending 100 kisses.
You are my sweetheart, please understand and adjust with this situation.
Your loving husband,
Kunle

His wife replied...
Thanks for the 100 kisses.
Below is the list of expenses I paid with the Kisses...
1. The Rice man agreed on 2 kisses for half bag of rice.
2. The electricity man, Kabiru , agreed not to disconnect
only after 7 kisses.
3. Your landlord Mohammed comes every day to take 2 or 3
kisses instead of the monthly rent.
4. Supermarket owner Biodun did not accept kisses only, so I gave him other items, I hope you understand.
5. Miscellaneous expenses 40 kisses.
Please don't worry about me, I still have a balance of 35 kisses and I hope I can survive the month using this balance.
Shall I plan the same for the next month?
Your Sweet Heart,
Ajoke

Kunle is in hospital as u r laughing.

Oga Arthur doing big things as usual.

cr7lomo:


Engr prince Arthur Eze...eze n'ukpo...the richest igbo man in the country

Awesome! The south east are really blazing ahead! Who would believe only 40+ years ago this people only had 20pds in their account

Naija is going places...

Nigeria should close

Mentcee:
Buhari is a stupid monkey.
Pls press like to agree.

Haba! Just like that?

cr7lomo:


Engr prince Arthur Eze...eze n'ukpo...the richest igbo man in the country

There's no doubt about that. He is the richest Igbo man alive, home and abroad.

Fifthcolumnist:
Who owns oranto? I've never heard the name!

I just hope we don't exploit and use them like we suffered at the hands of the multinationals

The first poster is suffering from depression. Pls don't allow him go anywhere near 3 MLD bridge

chief Arthur Eze. (Eze n'Ukpo)

hedonistic:


There's no doubt about that. He is the richest Igbo man alive, home and abroad.

why is he not exploring oil in the eroded land but went as far as south sudan.

Simple, eroded land is inhabitable