Once they ban posters on this thread..these obnoxious folks will crawl out from where ever they come from to comment rubbish.

raker300:
Once they ban posters on this thread..these obnoxious folks will crawl out from where ever they come from to comment rubbish.

why the ban now? Is it spam boots or irresponsible mod.

Uchechukwu Eberechukwu "Uche" Nwaneri is an American football guard. Uche was born in Dallas, Texas to Nigerian parents. He played college football for Purdue University after graduating from Naaman Forest High School.

Uzoma "Eazy" Nwachukwu is an American football wide receiver for the Dallas Cowboys of the National Football League. He played college football at Texas A&M

Christian Emeka Okoye, is a Nigerian-American former American football fullback for the Kansas City Chiefs from 1987 to 1992. Nicknamed "The Nigerian Nightmare," Okoye was known for his powerful running style and ability to break tackles

[s]

Markfemi2:


Show us manufacturing not importers

[/s]
I do not wish to engage you in a back and fort argument,apparently, you're prepared to drag me to the mud. I'm appear immaculate, and will continue to do what I'm doing ,so note that your failure In this, is signed and stamped. Look for another way to end your misery.

Kovetic is a construction firm and not a buying and selling outlets dumb!

raker300:
Christian Emeka Okoye, is a Nigerian-American former American football fullback for the Kansas City Chiefs from 1987 to 1992. Nicknamed "The Nigerian Nightmare," Okoye was known for his powerful running style and ability to break tackles

We can wait for the sports men and women they are actually numerous..
We still have loads of companies to list..

Pius okigbo: infosoft

Chief Samuel Maduka Onyishi: peace mass transit

Peace mass assembly plant:

Ibe Omeni: chemiron

Chemiron

with all this achievement and empires build single handedly after Awolowo's £20 handouts, tell me why AFONJAS will ever support Biafra , they are afraid of competition

laudate:


You have just shot yourself in the foot. Oya, list all the different wells that make up Agbami oil field, and list the name of the owners, too. No one is arguing about the percentage that Statoil & Petrobras owns in their OML 128/OPL 217 located within Agbami. We were talking about Famfa Oil, remember, and its ownership of OML 127? But you are here trying to make it look as if Chevron is the owner of all the different oil wells and OML leases within Agbami, when what it only has is an operating interest, in it.

Calculate all these percentages and tell us what the final sum would be: Statoil (20.21% interest), Chevron has (67.30%), and Petrobras (12.49% interest).

Please go back and read this part again from the same online publication that you cited up here:


Do you even understand what is meant by unitising the development of an oil field between 2 blocks??

Read your first post on Agbami oil field, and tell who is doing the shooting, from Chevron site it clearly stated that Agbami field produces 150 BPD all the wells, I know you were shocked to see the partners and their stakes as usual trying to cover up, you claimed famfa produces 200 BPD, and you referred me to fool.com.uk

laudate:

Did you read this article at all before you posted it? Do you realise that it corroborates what Deomelo and I have been saying all along? It is clearly stated in there that "Aiteo’s landmark achievements since its foray into the upstream sector is the production of 90,000bpd." Now, compare this figure to the 200,000 bpd being produced by Famfa since 2009! It is clear that Famfa's output outstrips Aiteo's output, by a huge margin! shocked

FKO81:
Read your first post on Agbami oil field, and tell who is doing the shooting, from Chevron site it clearly stated that Agbami field produces 150 BPD all the wells, I know you were shocked to see the partners and their stakes as usual trying to cover up, you claimed famfa produces 200 BPD, and you referred me to fool.com.uk

I have read my first post. And my comments in that post still stands. Aiteo's production is still far less than what Famfa is producing, in Agbami oil field. You were the first person to make reference to fools.co.uk, because you saw it in the screenshot that I attached to one of my posts. You were trying to make fun of that post thinking the source was a prank or a false one, until I made it clear to you that it belongs to a firm of financial advisors & investors.

Thank God everyone on this board can read, and draw their conclusions. And they can all see that the only person who has been shooting himself in the foot, all through this discussion is just you!

raker300:
Ibe Omeni: chemiron

Are you sure? Chemiron appears to be an Indian company, o!

Laudate you claimed farmfa produces 200,000 BPD more than Aiteo which produces 90,000 and also indigenous leading oil firm in Nigeria, current Agbami field production is 70,000bpd all wells and many partners are involved, which you never mention, the hair dresser is not the owner of oml 127, all wells are owned by FG, it was allocated to her by IBB, you can't compare Alakija or Danjuma to people like Brittania-u, AITEO, NECONDE, EROTON, who spent their money and acquired the wells and have been active exploration.

Agbami Field
Agbami Field is an oil field in Nigeria. Discovered in late 1998, it was the second major deepwater oil field discovered off the Niger Delta, the first being Bonga Field by Shell.
Agbami field
Country
Nigeria
Offshore/onshore
Offshore
Operators Star Deep Water

Partners
Chevron, Famfa Oil, Petrobras, Statoil, NNPC

Field history
Discovery
1998

Start of production
2008

Production
Current production of oil
70,000 barrels per day (~3.5×106 t/a)

Peak of production (oil)
250,000 barrels per day (~1.2×107 t/a)

Estimated oil in place
123 million tonnes
(~ 100×106 m3 or 900 MMbbl)
Producing formations
Lower and middle Miocene deepwater turbiditic sandstones
The field is located in nearly 1,500 meters (4,900 ft) of water off the central Niger Delta. The operator of the field is Star Deep Water Limited, an affiliate of Chevron. Also involved in the field are Famfa Oil, an indigenous oil company owned by the Alakija Family of Lagos, Petrobras (Brazil), Statoil, and NNPC (the national oil company of Nigeria).

FKO81:
Laudate you claimed farmfa produces 200,000 BPD more than Aiteo which produces 90,000 and also indigenous leading oil firm in Nigeria, current Agbami field production is 70,000bpd all wells and many partners are involved, which you never mention, the hair dresser is not the owner of oml 127, all wells are owned by FG, it was allocated to her by IBB, you can't compare Alakija or Danjuma to people like Brittania-u, AITEO, NECONDE, EROTON, who spent their money and have been active exploration.

Agbami Field
Agbami Field is an oil field in Nigeria. Discovered in late 1998, it was the second major deepwater oil field discovered off the Niger Delta, the first being Bonga Field by Shell.
Agbami field
Country
Nigeria
Offshore/onshore
Offshore
Operators Star Deep Water

Partners
Chevron, Famfa Oil, Petrobras, Statoil, NNPC

Field history
Discovery
1998

Start of production
2008

Production
Current production of oil
70,000 barrels per day (~3.5×106 t/a)

Peak of production (oil)
250,000 barrels per day (~1.2×107 t/a)

Estimated oil in place
123 million tonnes
(~ 100×106 m3 or 900 MMbbl)
Producing formations
Lower and middle Miocene deepwater turbiditic sandstones
The field is located in nearly 1,500 meters (4,900 ft) of water off the central Niger Delta. The operator of the field is Star Deep Water Limited, an affiliate of Chevron. Also involved in the field are Famfa Oil, an indigenous oil company owned by the Alakija Family of Lagos, Petrobras (Brazil), Statoil, and NNPC (the national oil company of Nigeria).

You are just going back & forth, trying to ramble your way out of your silly lies. Everyone has gone past this stage. Stop your copy-and-paste exercise which is only confusing you , and nobody else. This is an outdated document you are pasting here.

Agbami currently produces 250,000 barrels of oil per day. Agbami oil field consist of OML 127, owned by Famfa, and OML 128 owned by Statoil & Petrobrass. You know this quite well. You even quoted the percentage shareholding of Statoil, Petrobrass and Chevron. So why are you still going round in circles?? NNPC has stakes in every oil well, because they hold federal govt. stakes in those wells. Tell me, does NNPC not have a stake in Aiteo's oil well too?

laudate:


You are just going back & forth, trying to ramble your way out of your silly lies. Everyone has gone past this stage. Stop your copy-and-paste exercise which is only confusing you , and nobody else. This is an outdated document you are pasting here.

Agbami currently produces 250,000 barrels of oil per day. Agbami oil field consist of OML 127, owned by Famfa, and OML 128 owned by Statioil & Petrobrass. You know this quite well. You even quoted the percentage shareholding of Statoil, Petrobrass and Chevron. So why are you still going round in circles?? Tell me, does NNPC not have a stake in Aiteo's oil well too?

Current Agbami field production is 70,000pbd which star deep water is the operator both oml 127 and 128 and partners are Chevron, famfa, statoil, Petrobrass and NNPC, NNPC hold more than 30% in all wells in Nigeria

FKO81:
Current Agbami field production is 70,000pbd which star deep water is the operator both oml 127 and 128 and partners are Chevron, famfa, statoil, Petrobrass and NNPC, NNPC hold more than 30% in all wells in Nigeria

You are just rambling. Does NNPC not have a stake in your Aiteo's oil wells? Anyway, this is a 2015 report on Agbami oil field.

April 2017
Aiteo Group and Seplat lead indigenous Nigerian groundswell

A great change is occurring in at the grassroots of the oil and gas sector in Nigeria. For most of our country's history as a petro-state, the International Oil Companies have called the shots, dominating the exploration and production of oil products. But now, indigenous companies are beginning to develop the capacity to compete with the IOCs, seizing back control and fortifying a groundswell of local content.

Let's start with the history: when we think of the Nigerian oil sector, much in the same way that when we think of the oil sector anywhere, the names that come to mind are ExxonMobil, Chevron, Total, and Shell. In Nigeria, as across the world, these are some of the IOCs that routinely partner with, and benefit from, the Nigerian National Petroleum Corporation (NNPC). These are the companies that are given the opportunity to dive into the exploration and production of oil from some of the largest fields in the Niger Delta, some of which have the capacity to produce several hundred thousand barrels of oil daily.

The size of the IOCs production infrastructure and the reach of their distribution networks has long seen them favoured in the allocation of oil mining licences (OMLs). They are preferred over smaller firms for the sake of ease, as much as anything, and in the hope of a job well done.

But the status-quo has shifted and with it, the dynamics of Nigeria's oil and gas sector are fast changing. Indigenous players are gearing up to grapple for control of Nigeria's upstream oil and gas industry from the majors that have dominated it for so long.

But why the change of heart? Why are the indigenous players even being considered in the same breath as the IOCs? The proof, as they say in the UK, is in the pudding. Over the past 5 years or so, the local content providers have proved their ability by ramping up production capacity on the oil blocks to which they were given licence. Rather than being greedy and failing, they have consolidated the areas gently and slowly and, in doing so, have made serious gains on their IOCs counterparts in terms of technical expertise and finance capability.



Per industry analysts, the indigenous companies breaking new ground include Seplat, Oando Plc, Nestoil, Newcross Petroleum Limited, but it is the integrated company Aiteo Group, run by the reclusive businessman Benedict Peters, that experts say is truly leading the charge. Industry pundits in Nigeria and wider international commentary platforms are keeping a close eye on Aiteo Group. After a strong run of results in 2017 YTD, the plucky local firm is even being tipped as one of the major players in the industry going by its antecedents.

Aiteo Group discovers, produces, stores and delivers energy resources to marketplaces worldwide, and is currently working on developing energy resources in some of the world's most significant basins. In 2015, Aiteo was awarded the majority share in OML 29 after Shell put it up for tender and, in the last 12 months, has tripled production at the onshore site, reaching the heady heights of 90,000 barrels per day by March.

Elsewhere in the indigenous sector, Seplat Petroleum Development Company Plc isn't far behind Aiteo, with production topping out at 50,000 bpd of crude oil YTD. Seplat are also currently supporting government on completion of the Amukpe to the Escravos pipeline which could spell favourable treatment in years to come.

So what's the secret? It looks as though indigenous operators have been able to raise capital in a very effective fashion, allowing the acquisition of apparently marginal assets from IOCs. Once secured, the effective deployment of human and infrastructure capital has seen the indigenous firms either maintain, or exceed, inherited production levels. An even greater feat when once considers the grim picture that usually comes with a downturn in the oil markets.

With indigenous firms accounting for approximately 12 per cent of Nigeria's 1.8million bpd total oil production, there is still a long way to go before the IOCs will be forced to address anything in-country. But it is encouraging to see the progress being made and the rewards being delivered to Nigeria. Further confirmation of our inherent entrepreneurial spirit, as if any more was needed!

https://googleweblight.com/i?u=https://oilvoice.com/Opinion/3952/Aiteo-Group-and-Seplat-lead-indigenous-Nigerian-groundswell&grqid=Pt2tQmTU&hl=en-NG

laudate:


You are just rambling. Does NNPC not have a stake in your Aiteo's oil wells? Anyway, this is a 2015 report on Agbami oil field.

I don't need screenshot I need source of your information

Everybody, please which one is greater? 250,000 bpd or 90,000bpd? Simple mathematics.

laudate:


You are just rambling. Does NNPC not have a stake in your Aiteo's oil wells? Anyway, this is a 2015 report on Agbami oil field.

Agbami field
Country
Nigeria
Offshore/onshore
Offshore
Operators
Star Deep Water
Partners
Chevron, Famfa Oil, Petrobras, Statoil, NNPC
Field history
Discovery
1998
Start of production
2008
Production

Current production of oil
70,000 barrels per day (~3.5×106 t/a)
Peak of production (oil)
250,000 barrels per day (~1.2×107 t/a)
Estimated oil in place
123 million tonnes
(~ 100×106 m3 or 900 MMbbl)
Producing formations
Lower and middle Miocene deepwater turbiditic sandstones
The field is located in nearly 1,500 meters (4,900 ft) of water off the central Niger Delta. The operator of the field is Star Deep Water Limited, an affiliate of Chevron. Also involved in the field are Famfa Oil, an indigenous oil company owned by the Alakija Family of Lagos, Petrobras (Brazil), Statoil, and NNPC (the national oil company of Nigeria).

https://googleweblight.com/i?u=https://en.m.wikipedia.org/wiki/Agba

FKO81:

Agbami field
Country
Nigeria
Offshore/onshore
Offshore
Operators
Star Deep Water
Partners
Chevron, Famfa Oil, Petrobras, Statoil, NNPC
Field history
Discovery
1998
Start of production
2008
Production

Current production of oil
70,000 barrels per day (~3.5×106 t/a)
Peak of production (oil)
250,000 barrels per day (~1.2×107 t/a)
Estimated oil in place
123 million tonnes
(~ 100×106 m3 or 900 MMbbl)
Producing formations
Lower and middle Miocene deepwater turbiditic sandstones
The field is located in nearly 1,500 meters (4,900 ft) of water off the central Niger Delta. The operator of the field is Star Deep Water Limited, an affiliate of Chevron. Also involved in the field are Famfa Oil, an indigenous oil company owned by the Alakija Family of Lagos, Petrobras (Brazil), Statoil, and NNPC (the national oil company of Nigeria).

https://googleweblight.com/i?u=https://en.m.wikipedia.org/wiki/Agba

You keep citing an outdated Wikipedia entry.

laudate:


You are just rambling. Does NNPC not have a stake in your Aiteo's oil wells? Anyway, this is a 2015 report on Agbami oil field.

Laudate, please stop replying that flatron he is way below your intelligence level. It is only a fool that will think that a project that cost over $5b and an FPSO designed to hold capacity of 2.1m barrels will be producing at the same capacity as at when it started. I don't need an uninformed dude quoting wikipedia to know what is really on ground. I have a cousin that worked on Agbami project for 3 years, from first-hand account, Agbami reached its 250,000 bpd production capacity some months after starting production in 2008.

laudate:
Everybody, please which one is greater? 250,000 bpd or 90,000bpd? Simple mathematics.

http://googleweblight.com/i?u=http://www.vanguardngr.com/2017/03/aiteo-emerges-nigerias-leading-oil-gas-company-with-record-90kpod-output-in-1yr/&grqid=qe9LZu0m&hl=en-NG


Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in 1yr
Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in 1yr
/ON MARCH 6, 201711:27 PM/

By Adekunle Aliyu
Integrated energy group Aiteo has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29.
Aiteo acquired OML 29 in September, 2015 when oil major Shell Petroleum Development Company (SPDC) fully exited the facility. At the time of the divestment, average production was 23Kbpod. But Aiteo, one of the frontline sponsors of the just-concluded 16th Oil and Gas (NOG) Conference held in the country’s capital Abuja, says it has tripled this figure leveraging the diversity and skills of its work force and bona fides as a dynamic international energy conglomerate.

hilroy:
Laudate, please stop replying that flatron he is way below your intelligence level. It is only a fool that will think that a project that cost over $5b and an FPSO designed to hold capacity of 2.1m barrels will be producing at the same capacity as at when it started. I don't need an uninformed dude quoting wikipedia to know what is really on ground. I have a cousin that worked on Agbami project for 3 years, from first-hand account, Agbami reached its 250,000 bpd production capacity some months after starting production in 2008.

God bless you! I thought he was ignorant so I was trying to educate him, but it is now obvious that he knows the truth, but has refused to accept it. He is just pushing a deceitful agenda. I mean, how can someone still be waving around the 90,000 bpd produced by Aiteo, over the 250,000 bpd produced at Agbami?

laudate:

God bless you! I thought he was ignorant so I was trying to educate him, but it is now obvious that he knows the truth, but has refused to accept it. He is just pushing a deceitful agenda. I mean, how can someone still be waving around the 90,000 bpd produced by Aiteo, over the 250,000 bpd produced at Agbami?

Even the Aiteo group he is masturbating over, is it not owned by Benedict Peters, how is Benedict peters an Igbo man?

hilroy:
Even the Aiteo group he is masturbating over, is it not owned by Benedict Peters, how is Benedict peters an Igbo man?

Oh, Benedict Peters is definitely Igbo. It is just that he does not use his Igbo name. He has hidden it.