mrvitalis:
Do this People have sense at all ?
Even if there was oil in the north ...you need the oil to be 3 times the oil in the Niger Delta region for it to make economic sense drilling the oil honestly

From my analysis it would take 15 billion dollars to build pipeline to transport oil from the north east basin to the ocean in calabar ...or at best ebonyi so you can then use the calabar river to move them

So you need at least 1 million barrels per day production for like 20 years to make such investment worth it


People would say build module refinery ? They are hardly profitable

.well let's watch n see

This was what I just discussed with the person close to me before I read your comment.

owobokiri:
Hope it's not slant drillings.
You guys will lay pipes from the East and be claiming oil that you don't have..
Bunch of eternal kiringwos

Avoid speaking about subjects you are ignorant of.

mrvitalis:
Do this People have sense at all ?
Even if there was oil in the north ...you need the oil to be 3 times the oil in the Niger Delta region for it to make economic sense drilling the oil honestly

From my analysis it would take 15 billion dollars to build pipeline to transport oil from the north east basin to the ocean in calabar ...or at best ebonyi so you can then use the calabar river to move them

So you need at least 1 million barrels per day production for like 20 years to make such investment worth it


People would say build module refinery ? They are hardly profitable

.well let's watch n see

ororo dey ur head hope you are already obidient.

These are lies , they wanted to include those states in 13 percent derivation , what is the formation of the oil deposits no body knows

mrvitalis:
Do this People have sense at all ?
Even if there was oil in the north ...you need the oil to be 3 times the oil in the Niger Delta region for it to make economic sense drilling the oil honestly

From my analysis it would take 15 billion dollars to build pipeline to transport oil from the north east basin to the ocean in calabar ...or at best ebonyi so you can then use the calabar river to move them

So you need at least 1 million barrels per day production for like 20 years to make such investment worth it


People would say build module refinery ? They are hardly profitable

.well let's watch n see

What about haulage trucks and trains

If they can find Oil in good Quantity in the North the Southern Oil fields wi rest and all the Pollution and Oil Spills in the Niger Delta will be Cleaned up
While the Northern Oil fields will continue to finance the Govt

Nobody would feel cheated again

This is good news, hope this one will be difficult to steal by the oil thieves.

owobokiri:
Hope it's not slant drillings.
You guys will lay pipes from the East and be claiming oil that you don't have..
Bunch of eternal kiringwos

My taught exactly. Nothing remains a secret forever. Time will tell

immortalcrown:
Na pipe from ND carry oil go there.

Let them keep deceiving Thier fathers there , maybe they where referring to kulikuli oil , kulikuli economy loading. ..........15%....

sanya4good:
This is good news, hope this one will be difficult to steal by the oil thieves.

Don't allow yourself to be deceived comrade.

mrvitalis:

Unless the oil meets the requirements of Kaduna refinery even at that it's still very far from it and would cost 5 billion dollars minimum to link up

So all you are insisting is,it will not work huh.
You now know more than all the FG,nnpc and the sterling guys.
Pessimist of the highest order.

This is pure lies...
FYI I was part of the crew at KOLMANI 3 years ago.
You can't call that commercial quantity, maybe it is political quantity.
Nonesense

North is now NIGER DELTA

SOUTH SOUTH IS GROWING

Good one
We need real.fedral.system of government all state manage his funds

mrvitalis:
Do this People have sense at all ?
Even if there was oil in the north ...you need the oil to be 3 times the oil in the Niger Delta region for it to make economic sense drilling the oil honestly

From my analysis it would take 15 billion dollars to build pipeline to transport oil from the north east basin to the ocean in calabar ...or at best ebonyi so you can then use the calabar river to move them

So you need at least 1 million barrels per day production for like 20 years to make such investment worth it


People would say build module refinery ? They are hardly profitable

.well let's watch n see

You are assuming that the oil will exported via southern ports. I still think its great news for Northern states and the southern states. Fiscal equality is a prerequisite to the ultimate which is regional government

Marpol2021:
ororo dey ur head hope you are already obidient.

How this kind brain no go dey obidient

Munamoqel:
they can build a modular refinery ther

why bother yourself to explain to these ethnic bigot, who parade himself now as obidient maggot.
They hate everything north, yet they cant survive 3days without the North.

Osariemen12:
A progressive Nigeria is good for all of us. Unfortunately, APC led administration can't give it to us.




Death to all Tinubu supporters.

in as much as we don't like apc, wishing death to all Tinubu supporters is not ideal. Nobody lives forever

White Elephant Project

immortalcrown:
Na pipe from ND carry oil go there.

And they will drill to hit it open as discovered crude oil?

owobokiri:
Hope it's not slant drillings.
You guys will lay pipes from the East and be claiming oil that you don't have..
Bunch of eternal kiringwos

jamesversion:
What happened to Lagos state 'oil'.

Aje oil field is up and running of the coast of Badagry... By the way this is OPL not OML nothing to celebrate about this nau... Or is it to score so cheap points?

owobokiri:
Hope it's not slant drillings.
You guys will lay pipes from the East and be claiming oil that you don't have..
Bunch of eternal kiringwos

pipe from which east?

kenchop:
Truth is everyone knows there is nothing commercial there, otherwise the majors would be there before everyone else. APC NA SCAM

They think everyone is fool. Oil exploration can be done on the air. Spdc, Mobil and other oil giant have flown over that air space since by helicopter a d found nothing. This can be done via gravity survey. There is nothing in northern Nigeria as rightly said by Lord Lugard since 1914.
The only thing they can drill there is the blood of innocent Christians like that of Deborah and others.

5starMan:
This is pure lies...
FYI I was part of the crew at KOLMANI 3 years ago.
You can't call that commercial quantity, maybe it is political quantity.
Nonesense

My Jotter don full. Omo see grammar; Political quantity. Lols l need to write that down

mrvitalis:
Do this People have sense at all ?
Even if there was oil in the north ...you need the oil to be 3 times the oil in the Niger Delta region for it to make economic sense drilling the oil honestly

From my analysis it would take 15 billion dollars to build pipeline to transport oil from the north east basin to the ocean in calabar ...or at best ebonyi so you can then use the calabar river to move them

So you need at least 1 million barrels per day production for like 20 years to make such investment worth it


People would say build module refinery ? They are hardly profitable

.well let's watch n see

/

Why do you care? What benefits did the people from ND reap from the oil in their backyard? They are busy fighting to be security guards for others to siphon their natural resources while Zamfara people are banking their gold.

If ND have common sense, every notable person in ND should have an oil field and then pay royalties to the FG. But they are only concerned with immediate gratification.

/

masseratti:
Aje oil field is up and running of the coast of Badagry... By the way this is OPL not OML nothing to celebrate about this nau... Or is it to score so cheap points?

I was asking cos I want to know the figures lagos produces. How many barrels exactly.

I dunno what the northerners are posturing with their pretend oil.

Wonders shall never end

mrvitalis:
Do this People have sense at all ?
Even if there was oil in the north ...you need the oil to be 3 times the oil in the Niger Delta region for it to make economic sense drilling the oil honestly

From my analysis it would take 15 billion dollars to build pipeline to transport oil from the north east basin to the ocean in calabar ...or at best ebonyi so you can then use the calabar river to move them

So you need at least 1 million barrels per day production for like 20 years to make such investment worth it


People would say build module refinery ? They are hardly profitable

.well let's watch n see

I'm sure the engineers, technicians, scientists, financial experts, creditors, insurers and a ton of other seasoned experts don't have a clue what they're doing. If only they can come to nairaland and consult with the armchair "experts" such as your humble self.

Boko and iswap will kee to drill those oil in otherwords another rise in terrorism

mrvitalis:
Do this People have sense at all ?
Even if there was oil in the north ...you need the oil to be 3 times the oil in the Niger Delta region for it to make economic sense drilling the oil honestly

From my analysis it would take 15 billion dollars to build pipeline to transport oil from the north east basin to the ocean in calabar ...or at best ebonyi so you can then use the calabar river to move them

So you need at least 1 million barrels per day production for like 20 years to make such investment worth it


People would say build module refinery ? They are hardly profitable

.well let's watch n see

That's why they're developing cargo
railines along the northeast and south
east corridor, to carry bulk and heavy
cargoes. Remember that the reason the
minister of transport gave for building a
narrow gauge railway in that axis was
to the movement of cargoes.

jamesversion:


I was asking cos I want to know the figures lagos produces. How many barrels exactly.

I dunno what the northerners are posturing with their pretend oil.

i think its not much but quite profitable for the company handling it, Folawiyo oil... I doubt if it's up to 100k barrel a day tho.