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Buhari Cancels Shells Operating Licence For OML 11 - Politics (3) - Nairaland

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Re: Buhari Cancels Shells Operating Licence For OML 11 by efilefun(m): 9:12am On Mar 15
Cue4rm:
Baba Buhari is just using this country to test run is empty skull.
Such a dull old man, I pity him shaa.
You are senseless if this all u can think of after reading the article.

1 Like

Re: Buhari Cancels Shells Operating Licence For OML 11 by bigpicture001: 9:21am On Mar 15
The grand plan is to cancel some oil licences and re award so that is hisaster TInubu can have some...

Tinubu has been so bitter that he wasnt among those who boight the DISCo's...hence he is bent on benting his servants hand ...bubu..to cancel the deals and reawrd them so that he gets one or two
Re: Buhari Cancels Shells Operating Licence For OML 11 by CofOLandOfPeace(m): 9:28am On Mar 15
I hope this is best decision for Nigeria as a nation at this point in time.

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Re: Buhari Cancels Shells Operating Licence For OML 11 by Jlow2: 9:33am On Mar 15
Prepare for d worst dollar fit reach 500naira
Re: Buhari Cancels Shells Operating Licence For OML 11 by AllenSpencer: 9:39am On Mar 15
Cue4rm:
Baba Buhari is just using this country to test run is empty skull.
Such a dull old man, I pity him shaa.
Re: Buhari Cancels Shells Operating Licence For OML 11 by AllenSpencer: 9:39am On Mar 15
bigpicture001:
The grand plan is to cancel some oil licences and re award so that is hisaster TInubu can have some...

Tinubu has been so bitter that he wasnt among those who boight the DISCo's...hence he is bent on benting his servants hand ...bubu..to cancel the deals and reawrd them so that he gets one or two
Re: Buhari Cancels Shells Operating Licence For OML 11 by AllenSpencer: 9:40am On Mar 15
Guide777:
Even the dullard ( PTF Chair) was an important member of Abacha regime that executed Ken Saro Wiwa that lead to sacking of Shell from Ogoni land. Now he has gone ahead to revoke their licence. What has Shell done to him?
Re: Buhari Cancels Shells Operating Licence For OML 11 by AllenSpencer: 9:40am On Mar 15
namiji2598:
so because south east did not vote for u,u ar doing these to punish them?
were u expecting all the zones to vote for a single candidate
mumu president
ashamed of my president
Re: Buhari Cancels Shells Operating Licence For OML 11 by riches4me: 9:44am On Mar 15
From most of the comments I have read so far. Some set of people will not have rest for the next 4 years.
Re: Buhari Cancels Shells Operating Licence For OML 11 by Yomboy4ever(m): 9:53am On Mar 15
agabusta:


Ogoni Land is SE geopolitical zone abi ?

Don't mind them, Mumu everywhere
...
Re: Buhari Cancels Shells Operating Licence For OML 11 by shomutuski(m): 9:55am On Mar 15
agabusta:


Ogoni Land is SE geopolitical zone abi ?

YOU THINK HE HAS SENSE ABIII
Re: Buhari Cancels Shells Operating Licence For OML 11 by GuntersChain(m): 10:00am On Mar 15
this is the hand of esau and the voice of jacob.
Re: Buhari Cancels Shells Operating Licence For OML 11 by holysaint1(m): 10:14am On Mar 15
I guess this is one of the reason nnpc opened up their employment portal.
Re: Buhari Cancels Shells Operating Licence For OML 11 by quentin06: 10:29am On Mar 15
BlacSmit:
Cancelling or denying shell an operating license won't help clean up Niger delta.

The people of Niger delta needs to be oriented about pipeline vandalism and it effect on the ecosystem.

it will be interesting to see how npdc deals with the matching ground crew.
Re: Buhari Cancels Shells Operating Licence For OML 11 by NnaMEN1(m): 11:31am On Mar 15
Smart move... More Pls

Re: Buhari Cancels Shells Operating Licence For OML 11 by alphaNomega: 11:41am On Mar 15
coolestchris:
and to be given to a northerner

This is why you fail exams




BrandSpurNG:
Exactly 26 years after the people of Ogoniland in Rivers State sacked Shell Petroleum Development Company (SPDC) following the killing of Dr. Ken Saro-Wiwa, President Muhammadu Buhari has revoked the operating licence granted the oil giant for Oil Mining Lease (OML) 11, located in the area, THISDAY’s investigation has revealed.

OML 11, one of the most important oil blocks in Nigeria, in terms of oil and gas production, lies in the south eastern Niger Delta and contains 33 oil and gas fields, including Bodo, Bodo West and Yorla fields.

THISDAY gathered that the operatorship of the plum asset has been transferred to the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC).

According to a reliable presidency source, a letter dated, March 1, 2019, with Reference Number: SH/COS/A/8540, signed by Chief of Staff to President Muhammadu Buhari, Malam Abba Kyari, to the Group Managing Director of the NNPC, said the president had directed the corporation and its upstream subsidiary, the NPDC, to take over the operatorship of the entire asset.

THISDAY gathered that SPDC had operated the block until 1995 when Ken Saro-Wiwa was hanged by the military regime of the late Gen. Sani Abacha.

Following the execution of the environmental activist, the Ogoni people, who had sacked Shell from Ogoni since 1993, also denied the oil giant access to the oil blocks.

A top official of SPDC told THISDAY last night that the company’s subsisting lease over OML 11, would expire in June 2019.

According to him, Shell had in 2018 applied for the renewal of the licence for another 20 years but the Department of Petroleum Resources (DPR) proposed to split the acreage into three because of its large size.

He also stated that Shell was also discussing with potential investors to sell its stake in the oil block as part of its divestment programme.

“OML 11 was actually under a divestment programme. Shell was talking with a Nigerian company to acquire its stake since the Ogoni people have vowed that they would not allow the company into their land. Shell has been refused access to the oil block by the communities for upwards of 26 years,” the official said.

THISDAY gathered that the revocation of the operating licence of Shell by the president was in line with the Joint Operating Agreement (JOA) signed by the joint venture partners, which empowers the NNPC to assume operatorship of the JV assets in the event that Shell relinquishes the operatorship.

Also, the most important petroleum legislation in Nigeria, the Petroleum Act of 1969 (as amended), empowers the Minister of Petroleum to grant or revoke the exploration, prospecting and production rights of the operating companies.

Buhari is the substantive Minister of Petroleum Resources.

SOURCE: https://brandspurng.com/2019/03/14/buhari-cancels-shells-operating-licence-for-oml-11/

Did you notice the bold section?
Re: Buhari Cancels Shells Operating Licence For OML 11 by sylve11: 12:15pm On Mar 15
agabusta:
Good. Nigeria needs all the money it can lay its hands on, even now that we have honest leaders on board.

There is no room for leaving an oil field idle because Shell cannot humble itself and settle with the community.

Let Shell quit the stage and NPDC try its hands.

Kudos to PMB. But the proceeds from a restart of oil exploitation must first be directed at the clean up of Ogoniland.

I know the PMB administration has been on this but has been hampered by funds. Therefore, let the initial funds gotten be directed at the cleanup and uplifting the standards of living of the ogoni people.


NPDC? grin cool
Re: Buhari Cancels Shells Operating Licence For OML 11 by careytommy37(m): 1:27pm On Mar 15
agabusta:
Good. Nigeria needs all the money it can lay its hands on, even now that we have honest leaders on board.

There is no room for leaving an oil field idle because Shell cannot humble itself and settle with the community.

Let Shell quit the stage and NPDC try its hands.

Kudos to PMB. But the proceeds from a restart of oil exploitation must first be directed at the clean up of Ogoniland.

I know the PMB administration has been on this but has been hampered by funds. Therefore, let the initial funds gotten be directed at the cleanup and uplifting the standards of living of the ogoni people.

cheesy grin cheesy grin

Hey zone-b, I'm very sure you don't believe the crap you wrote up there.
Re: Buhari Cancels Shells Operating Licence For OML 11 by CoolAmbience(m): 3:42pm On Mar 15
Cue4rm:
Baba Buhari is just using this country to test run is empty skull.
Such a dull old man, I pity him shaa.


You be wetin Igbo people dey call....eti mpataka.
Re: Buhari Cancels Shells Operating Licence For OML 11 by CoolAmbience(m): 3:46pm On Mar 15
BlacSmit:
Cancelling or denying shell an operating license won't help clean up Niger delta.

The people of Niger delta needs to be oriented about pipeline vandalism and it effect on the ecosystem.


Who should give the Niger Delta people that orientation on effects of pipeline vandalism and crooked crude refining methods on the environment?
Re: Buhari Cancels Shells Operating Licence For OML 11 by CoolAmbience(m): 3:48pm On Mar 15
namiji2598:
so because south east did not vote for u,u ar doing these to punish them?
were u expecting all the zones to vote for a single candidate
mumu president
ashamed of my president



Wetin this go drink or smoke?

God please help am o......
Re: Buhari Cancels Shells Operating Licence For OML 11 by okito: 3:56pm On Mar 15
Speakdatruth:
Well shell has been unproductive and they probably left the oil sector even before they admitted
Are you sure about this? Shell is not going anywhere? They ve been divesting their onshore assets due to community disturbances over the past 10 years. They are instead investing more in deep offshore.
Re: Buhari Cancels Shells Operating Licence For OML 11 by okito: 3:57pm On Mar 15
Speakdatruth:
Well shell has been unproductive and they probably left the oil sector even before they admitted
Are you sure about this? Shell is not going anywhere. They ve been divesting their onshore assets due to community disturbances over the past 10 years. They are instead investing more in deep offshore.
Re: Buhari Cancels Shells Operating Licence For OML 11 by Cue4rm: 4:04pm On Mar 15
CoolAmbience:



You be wetin Igbo people dey call....eti mpataka.



No be eti, na iti mpataka na wetting u be shaa.

Sense like Buhari fall you and your children
Re: Buhari Cancels Shells Operating Licence For OML 11 by rexwalters: 4:55pm On Mar 15
Cue4rm:
Baba Buhari is just using this country to test run is empty skull.
Such a dull old man, I pity him shaa.
Jehovah should punish your whole family with poverty till you reach 6 ft under. Demon.
Re: Buhari Cancels Shells Operating Licence For OML 11 by mikolo80: 9:32pm On Mar 15
Skepticus:
cool

It's always about the oil.

Northern Nigerian Petroleum Corporation.

Hopefully, the oil dries up and alternative sources of energy catches up in due time, so this evil british contraption can crash quietly.
30 yrs then we start with Gas
Better come up with Plan b
Re: Buhari Cancels Shells Operating Licence For OML 11 by mikolo80: 9:35pm On Mar 15
agabusta:
Good. Nigeria needs all the money it can lay its hands on, even now that we have honest leaders on board.

There is no room for leaving an oil field idle because Shell cannot humble itself and settle with the community.
Settle which community
Did they not Pay for the land
Did they not Pay their taxes?
Entitlement and laziness cannot epp you o


Let Shell quit the stage and NPDC try its hands.

Kudos to PMB. But the proceeds from a restart of oil exploitation must first be directed at the clean up of Ogoniland.

I know the PMB administration has been on this but has been hampered by funds. Therefore, let the initial funds gotten be directed at the cleanup and uplifting the standards of living of the ogoni people.

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