Recent months have seen major changes in oil asset ownership in Nigeria, especially in the upstream sector. In Nigeria’s oil industry, Shell, Exxon Mobil, Chevron, Agip, Texaco and Total brand names were synonymous with the industry for over 60 years.   However, as of Friday, 25 February, there are now three.

Exxon Mobil Corporation (ExxonMobil) has been the most recent major oil company to leave Nigeria. The company sold its stake in Mobil Producing Nigeria Unlimited to Seplat, a Nigerian oil corporation, for $1.3 billion.
The UK-based company Royal Dutch Shell left Nigeria in 2021, after completion of  sale of its assets to TNOG Oil and Gas Limited, while Texaco sold off its assets to Chevron in 2000.

Businessman Tony Elumelu, owner of TNOG Oil and Gas Ltd, purchased shell assets in 2021.

The other is Sayyu I. Dantata the half-brother of Africa’s richest person, Aliko Dangote through his company MRS Holdings bought Chevron’s upstream business, OMLs 83 and 85 in 2015.

ABC Orjiako is the Chairman and co-founder of Seplat, the company that took over the assets of ExxonMobil. Conoil Plc.

Mike Adenuga’s oil firm, is also mentioned as leading the bid process for OMLs 86 and 88 of Chevron.

Oil companies are investing in Libya following the end of the long-running conflict in the country. As a result of Libya’s recent stability, oil companies have expressed their interest in investing in the country. It was also noted that the international oil companies leaving Nigeria is due to an increase in bunkering and vandalism of oil facilities

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https://www.google.com/url?sa=t&source=web&rct=j&url=https://economicconfidential.com/2022/02/shell-oil-giants/%23:~:text%3DThe%2520UK%252Dbased%2520company%2520Royal,assets%2520to%2520Chevron%2520in%25202000.%26text%3DBusinessman%2520Tony%2520Elumelu%252C%2520owner%2520of,purchased%2520shell%2520assets%2520in%25202021.&ved=2ahUKEwibmo_mgOr4AhWUQvEDHb9sDDEQFnoECA8QBQ&usg=AOvVaw01palRiJZ2SBpD2EVFcJq9

please leave ooooo

Let's everybody rest..

Make we see who go develop first..

hahahahahahaha

Hahaha

Let them leave.


We Ijaws take pipeline Security jobs so that we can do bunkering 24/7
And nothing will happen.
We add bunkering to Amnesty salaries.
We add pipelines security salaries and still add bunkering large salaries.


We the security of pipelines naim still dey incharge of bunkering and nothing Nigeria can do over it.
They take their Gold and claim our Oil too.
Have we ever called them Gold thief before?
Nonsense!!!
We continue bunkering till we finally go for Ijaw Republic.

Don't you think with this, the poor will be getting poorer and the rich will be getting richer, then the cycle continues...

OyeofIkoTuN:
please leave ooooo

Let's everybody rest..

Make we see who go develop first..

hahahahahahaha

YoobaNesan:
Don't you think with this, the poor will be getting poorer and the rich will be getting richer, then the cycle continues...

Northerners will rest

This is one of the reasons for their departure.

Ebi2233:
Hahaha

Let them leave.


We Ijaws take pipeline Security jobs so that we can do bunkering 24/7
And nothing will happen.
We add bunkering to Amnesty salaries.
We add pipelines security salaries and still add bunkering large salaries.


We the security of pipelines naim still dey incharge of bunkering and nothing Nigeria can do over it.
They take their Gold and claim our Oil too.
Have we ever called them Gold thief before?
Nonsense!!!
We continue bunkering till we finally go for Ijaw Republic.

YoobaNesan:
This is one of the reasons for their departure.

Then it's beautiful.

after stealing enough... they now want to leave...

They're part of the problems of this country...

The fear of Obis accountability is what is chasing them

YoobaNesan:
This is one of the reasons for their departure.

Evening Boss
Have uninstalled my WhatsApp

I don't know if you've paid the money to my account

Ebi2233:
Hahaha

Let them leave.


We Ijaws take pipeline Security jobs so that we can do bunkering 24/7
And nothing will happen.
We add bunkering to Amnesty salaries.
We add pipelines security salaries and still add bunkering large salaries.


We the security of pipelines naim still dey incharge of bunkering and nothing Nigeria can do over it.
They take their Gold and claim our Oil too.
Have we ever called them Gold thief before?
Nonsense!!!
We continue bunkering till we finally go for Ijaw Republic.

I don't understand why a true ijaw person will be celebrating benefits from oil leakage, look at the names of the people who bought these oil companies there is no single ijaw man there a true ijaw person should be crying not celebrating, your last Statment its a pitiful one, even though I'm igbo I feel sorry for the ijaws

YoobaNesan:
Don't you think with this, the poor will be getting poorer and the rich will be getting richer, then the cycle continues...

If this is true, then, Nigeria under Buhari is a mess ....