post=89957939:


Famfa isn't into oil exploration, Chevron, petrobros and Statoil are the companies exploring Agbami field, she is just receiving percentages of loyalty from Chevron

The name of their joint venture called is Star oil fields and it produces one of the largest on your list.

The Agbami oil field actually belongs to her and she brought other companies to help her tap it.

The royalties she receives a day is enough for every of the two million members on Nairaland to get a share of 100k each.

Sunshineg5:
So why is Yinka Folawuyo from Lagos on the list?

Or Anambla oil na Audio

Check Aiteo, Seplat and Neconde these are leading indigenous oil exploration companies

Sunshineg5:
the name of their alliance is Star oil fields and it produces one of the largest on your list.

The Agbami oil field actually belongs to her and she brought other companies to help her tap it.

The royalties she receives a day is enough for every of the two million members on Nairaland to get a share of 100k each.

Just wait for me

post=89958068:

Check Aiteo, Seplat and Neconde these are leading indigenous oil exploration companies

Bruv, oil exploitation in Anambra don't loose focus of our conversation.

Why aren't companies expoiting in Anambra on the list

post=89958122:
Just wait for me

To start palm oil business or what?

post=89956254:
Check out states leading in oil lubricant production

After Lagos, Abia, Kwara, Anambra state

Lagos has the highest number followed by Anambra, then Kaduna, Ogun, Imo, and Abia states.

Igbos are gradually transforming their dominance of the trade and commerce into industry. Many of the industries being built by Igbos were of products they formerly used to import.

post=89957125:

Alakija is chashing fame while Uju is chasing money

Only in Nigeria will people be making noise so shamelessly about a former hairdresser who fraudulently obtained an oil well.

That woman symbolizes everything that is wrong with Nigeria and should never be celebrated. I mean what are we teaching the younger generation if we continue to mention her when there are lots of actual role models like that Uju of Brittania U.

Sunshineg5:
The name of their joint venture called is Star oil fields and it produces one of the largest on your list.

The Agbami oil field actually belongs to her and she brought other companies to help her tap it.

The royalties she receives a day is enough for every of the two million members on Nairaland to get a share of 100k each.

The Agbami FPSO was built by South Korea's Daewoo Shipbuilding & Marine Engineering.

The $3.5bn Agbami oilfield project is one of Nigeria’s largest deepwater developments.

The field spans across oil mining lease (OML) 127 and OML 128, approximately 354km south-east of Lagos and 112km offshore Nigeria, in the central Niger Delta.

Texaco and Nigerian independent oil company Famfa were granted exploration rights to the 617,000-acre block 216 in late-1996.

Agbami was proven in this block by Texaco in 1998 and two years later Statoil’s Ekoli-1 well confirmed that the discovery extended into block 217.

The average net daily production from the field in 2019 was 90,000 barrels of crude oil and 14 million cubic feet of natural gas.

Chevron has a 67.3% interest and operates the field via its Nigerian affiliate, Star Deep Water Petroleum. The remaining working interests are held by Equinor (20.21%) and Petrobras (12.49%).

The field is owned by the terms of a deepwater production-sharing contract (PSC) between Chevron and Famfa. The production licenses for the field will expire in 2024.

post=89958122:

Just wait for me

What are you doing, someone cloned your handle, won't you complain to the mods?

1. Create a thread and report/expose him.

2. Tag the mods on his posts.

3. Email the super mods.

Sunshineg5:
Oh thank God you have finally accepted that you exploit the Niger Delta more than anyone else.

They have come again. Did you even read the table on gas producers? Imo state alone produces 600 million cubic feet of gas which is higher than most others in the list!

post=89958474:


The Agbami FPSO was built by South Korea's Daewoo Shipbuilding & Marine Engineering.

The $3.5bn Agbami oilfield project is one of Nigeria’s largest deepwater developments.

The field spans across oil mining lease (OML) 127 and OML 128, approximately 354km south-east of Lagos and 112km offshore Nigeria, in the central Niger Delta.

Texaco and Nigerian independent oil company Famfa were granted exploration rights to the 617,000-acre block 216 in late-1996.

Agbami was proven in this block by Texaco in 1998 and two years later Statoil’s Ekoli-1 well confirmed that the discovery extended into block 217.

The average net daily production from the field in 2019 was 90,000 barrels of crude oil and 14 million cubic feet of natural gas.

Chevron has a 67.3% interest and operates the field via its Nigerian affiliate, Star Deep Water Petroleum. The remaining working interests are held by Equinor (20.21%) and Petrobras (12.49%).

The field is owned by the terms of a deepwater production-sharing contract (PSC) between Chevron and Famfa. The production licenses for the field will expire in 2024.

So what is your point ?

The working capital was brought by Foreign company who could drill and manage the company.

Working capital is not same as Ownership or share of a company

Working capital is the capital of a business which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities

proeast:
They have come again. Did you even read the table on gas producers? Imo state alone produces 600 million cubic feet of gas which is higher than most others in the list!

How can imo alone produce 600 million cubic feet?

Bro try relax small and go through the list again!

Sunshineg5:
How can imo alone produce 600 million cubic feet?

Bro try relax small go through the list again

You can check it again yourself. 300 mcf in two locations.

proeast:


You can check it again yourself. 300 mcf in two locations.

300 Mcf means 300,000 cubic feet of gas

Even if imo is generating 300 mcf in two locations

It means 600,000 cubic feet.

Sunshineg5:
So what is your point ?

The working capital was brought by Foreign company who could drill and manage the company.

Alakija receive only 10% from Agbami oilfield, the remaining are shared betweem NNPC, Chevron, Petrobros. operator of Agbami field is Star Deep, kindly view the table

post=89959288:

Alakija receive only 10% from Agbami oilfield, the remaining are shared betweem NNPC, Chevron, Petrobros. operator of Agbami field is Star Deep, kindly view the table

You are honestly silly

What is the table got to prove

Government have shares in all the joint ventures exploitation you saw on the list you provided on the front page ranging from 40% to 60% while the rest is shared by the private joint venture partners.

How do you think government makes money?

I believe it's only the lone risk ventures that enjoy greater degree of control.

Working capital is quite different from Ownership and sharing of revenue

proeast:


Only in Nigeria will people be making noise so shamelessly about a former hairdresser who fraudulently obtained an oil well.

That woman symbolizes everything that is wrong with Nigeria and should never be celebrated. I mean what are we teaching the younger generation if we continue to mention her when there are lots of actual role models like that Uju of Brittania U.

bad belle things, if Alakija was ibo you won't say this

Sunshineg5:
300 Mcf means 300,000 cubic feet of gas.

I believe I have cured your ignorance, Uju Ifejika control and operate her well, she is the only woman in downstream sector

Sunshineg5:
You are honestly silly

What is the table got to prove

Government have shares in all the joint venture exploitation you see there ranging from 40% to 60% while the rest is shared by the joint venture

I believe it's only the lone risk ventures that enjoy greater degree of control.

Working capital is quite different from Ownership of revenue

You claimed she's the owner of the well, I only corrected you

post=89959479:


I believe I have cured your ignorance, Uju Ifejika control and operate her well, she is the only woman in downstream sector

I believe you have further exposed your ignorance

post=89959533:

You claimed she's the owner of the well, I only corrected you

She is the owner of the well and she brought partners to develop it for her.

Shey English is your problem.

She was awarded an already existing well with proven reserve and government are stakeholders in such a venture.

Abi they would just give her 10% for nothing despite contributing nothing to develop the well.

Sunshineg5:
She is the owner of the well and she brought partners to develop it for her.

Shey English is your problem.

She was awarded an already existing well with proven reserve and government are stakeholders in such venture.

The developer of the field and operators with Nigeria government take large chunk, she only receive 10%

AnambraIstSon:



Yes o, if it is not Ibo, then it is nobody else. After God, Ibo is next & we even have the highest property ownership & population in heaven & hell. After the indigenes of haven & hell, the Ibo is next in population. In fact there are quiet billionaires in Ebonyi who are way richer than Bill Gates & Jeff Bezos.

Potor Amaka!

Nwanne sopulu

Sunshineg5:
She is the owner of the well and she brought partners to develop it for her.

Shey English is your problem.

She was awarded an already existing well with proven reserve and government are stakeholders in such venture.

Abi they would just give her 10% for nothing despite contributing nothing to develop the well.

That means she is not into oil exploration. Just like someone that is too lazy to farm who leases his land to other serious persons for a token. Is the person also classified as a farmer?

Because I can see from the data provided by the op, that those who are into exploration has as high as 45% share. Could it be said that the madam is been paid rent on the oil field?

We learn everyday. Make una help me understand

post=89960070:

The developer of the field and operators with Nigeria government take large chunk, she only receive 10%

Will they give her 10% if she is not the owner?

She contributed nothing for the development of the oil rig oh

Think !

Sunshineg5:
She is the owner of the well and she brought partners to develop it for her.

Shey English is your problem.

She was awarded an already existing well with proven reserve and government are stakeholders in such venture.

Abi they would just give her 10% for nothing despite contributing nothing to develop the well.

Can you compare the hairdresser with Uju

gwafaeziokwu:



That means she is not into oil exploration. Just like someone that is too lazy to farm who leases his land to other serious persons for a token. Is the person also classified as a farmer?

Because I can see from the data provided by the op, that those who are into exploration has as high as 45% share. Could it be said that the madam is been paid rent on the oil field?

We learn everyday. Make una help me understand

Where will she get the money and expertise to develop the large field herself?

post=89960394:

Can you compare the hairdresser with Uju

Alakija was never a hair dresser

She was a bank executive before retiring to focus on fashion designing.

Uju Ifejika is just playing cool



https://www.youtube.com/watch?v=OUsMXFK-aRg

Igbos choose to play low and chasing money , not those noisemakers chasing fame

Sunshineg5:
Where will she get the money and expertise to develop the large field herself?

That means those with 45% share has the money and expertise for exploration.

Goes to show that she just has an oil well but do not explore the oil by herself. Abi?

post=89960649:


Uju Ifejika is just playing cool



https://www.youtube.com/watch?v=OUsMXFK-aRg

I hate to rain on your parade but Britania or whatever produce only 1000 barrels per day

Agbami oil fields produce 250,000 barrels per day and Alakija gets 10% of the revenue

10% of 250,000 is 25,000 barrels just so you know

That is 25× Uju revenue.

I just want to let you know