Eruditor's Posts

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Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 5:46pm On Mar 20, 2015

CaptShinz:
Nepo is about to commence... A friend didn't get the text but was assured by d elites dat he will be in abj for the interview...

Very plausible. But this sort of thing happens every time so it is expected. It still doesn't give credence to the "more-texts" chant.

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 11:40pm On Mar 19, 2015

Barby101:
My question too. NNPC ask them to pause (according to claims), based on some reasons that the INTERVIEW can't be conducted now. Nothing stops PCL from sending successful text to all successful candidates ... So we know that it's the interview date that hasn't been fixed.
Well, if they are yet to send some texts, then they need to learn emotional intelligence too

Exactly. Especially when they sent a second text. Why didn't they use that opportunity to release the first text to those who were billed to receive it but haven't yet?

1 Like

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 10:48pm On Mar 19, 2015

pejuakinab:
I quote a dude in Naijahotjob's
blog..
"I was at NNPC Towers today and
told that PCL started sending sms for
interview in batches before NNPC
asked them to stop. The officer said
PCL has not sent sms to all successful candidates before they stopped them. House, there is still hope for those who have not received sms for interview".
Hope this will help ease the tension in those who are yet to receive sms.

Bro, some of the accounts on NHJ are owned by those who are also registered on NL. It is the same information that is being peddled by all and sundry.

So NNPC told PCL to stop sending texts, knowing fully well that those who were successful and are yet to receive will be traumatized because some of their mates have already received it. If everyone had received the texts by now, what would have changed?

Then the same PCL that were told to stop sending texts, decided of their own volition to send texts again (8 days after) to the same group of people that they had already sent a successful message to, yet they left the other group of 'successful' candidates hanging?

Hmmmmm. Someone (I believe Winston Churchill) described diplomacy as the ability to call someone else a fool without them knowing that you did. (And no this message is not directed at you wink

)

*Back to feigning emotional intelligence* grin

5 Likes 1 Share

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 1:01am On Mar 18, 2015

QED1:
"...beyond your knowledge that HAS been jaundiced." "Have" is the wrong verb for this sentence. There's something you need to understand about English. Like your typical software, it can be updated. We in broadcast don't say "the seven stadia were closed". The seven STADIUMS were closed. Why? Certain things have been dropped and others have been picked. Agendum is dead now. Agenda, agendas. A few more words are like that too. Listen to BBC. You can't be more British than they are. If you hear STADIA, ignore everything I've said. Chosed exists colloquially but no one uses it sir. Don't try to prove right or wrong. Let it go, and don't embarrass yourself out there by using it. Cheers!

Another great head.

European Football (EPL, UEFA, La Liga) › Re: Official Manchester United Fan Thread:''20 Times EPL Champion by Eruditor: 6:05pm On Mar 16, 2015

coogar:
no need to put so far.....
the table does not lie - a game in hand does not necessarily translates to 3 points. if chelsea were to draw or lose their next home game, they would stay below united after 15 games.
the team that has played his 15th home game gets to the top first - we will have to see what chelsea do in their next home game. a game in hand is worth fück-all!

But how else would we compare the two teams if one has played more games than the other? We can either take both back to 14 Games or calculate the amount of points garnered of the maximum available. Chelsea trumps in that, especially when we consider that they haven't lost a game yet and you have lost 2!

European Football (EPL, UEFA, La Liga) › Re: Official Manchester United Fan Thread:''20 Times EPL Champion by Eruditor: 3:01pm On Mar 16, 2015

coogar:
until chelsea play their home game - they remain below united. a game in hand is not worth 3 points. you have to play it first & foremost. united have taken the most points on home games!
QED!

I would put a 'So far' at the end of the emboldened and also place a caveat that United have picked the most points because they have played more games while Chelsea has the better home record going by the points garnered within the number of games played.

QED!!

European Football (EPL, UEFA, La Liga) › Re: Official Manchester United Fan Thread:''20 Times EPL Champion by Eruditor: 2:40pm On Mar 16, 2015

coogar:
home record
37 points - man utd
36 points - chelsea
33 points - arsenal
30 points - man city.
what are you barking for?

You fell for it...

United 15 Games 12 W 1D 2L = 37/45 (0.822)
Chelsea 14 Games 11W 3D = 36/42 (0.857)

Chelsea has the better home record. QED

European Football (EPL, UEFA, La Liga) › Re: Official Manchester United Fan Thread:''20 Times EPL Champion by Eruditor: 2:00pm On Mar 16, 2015

coogar:
goodness gracious....
we have the best home record in the league. 12 games won, 1 draw & 2 defeats in 15 home games so far. ladies & gents - old trafford has become a fortress again.

Prevarications. Please put Chelsea's home record here for all to see. I am aware they have not lost a single game and they have only 3 draws; City, Burnley and Southampton.

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 10:18pm On Mar 15, 2015

Badema:
Prelinctus! I believe as an intellectual you should know that just because you saw an example on the web doesn't in anyway makes it a reference point, people have all over, and they could upload anything, but why can't you just assist by verifying urself if there is anything like 'chosed' in contemporary english?

I am happy we have some language gurus here who could help us panel-beat in whichever direction to justify or rather rectify such a claim that 'chosed' is an indicative, subjunctive or conditional perfect tense.

These where the examples given by Dapsy06.

Again, this is not about levels. Both you n Dapsy06 perhaps are onto a higher level, but dat doesn't in anyway mean you guys are over/above correspondence or corrections.

Please lets discuss as one united Kingdom here! It shall all be well in the end.

I am 100% sure Prelinctus was being sarcastic.

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 10:16pm On Mar 15, 2015

scarletdp:
the top part says the word does not exist in verbix verb n as such may not be correct. Of which verbix is like The verb conjugation dictionary . relax bro we all dey learn

Have some Emotional intelligence bro, thought we were letting ignorant dogs lie?

grin

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 10:05pm On Mar 15, 2015

Bench players talking like starters, I hate it!- Drake

Take a look at yourself the mirror's revealing/
If you ain't got it, you ain't got it. The theory's brilliant/- Drake.

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 1:00pm On Mar 15, 2015

scarletdp:
You are definitely Ramsay Snow... Oh! Forget that. You've proven yourself, you're a Bolton now. Ramsay Bolton

" If you think this has a happy ending, you haven't been paying attention"

^^ my favourite quote of his. wink

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 12:57pm On Mar 15, 2015

justkaycee1:
That was a near - flawless write - up. However, you chose to pick on the only error, inconsequential albeit. Na ur type dem dey call PhD (Pull Him Down ).

So it is not 'chosed' and it was an error? I thought...Never mind cry

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 10:08am On Mar 15, 2015

babacha:
Proving nothing upon nothing. Fed govt is to contribute a certain % and also share profit according to the % which the contribut, den of wat benefit is it to federal govt dat own the crude oil? A case study I will give u to read about is the otakikpo maginal oil field, find out if federal govt is contributing to that project and the % which lekoil who financing the project has in dat Field. U don't need to speak grammer to proof point

All I do is cast pearls. I don't expect the Pigs to like it.

When someone else with some modicum of decorum asks me this question, I will gleefully oblige. Till then, stay ignorant.

4 Likes

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 10:01am On Mar 15, 2015

Coldplay007:
Lol! Nothing like Chosed....
Type it in your phone and see Whether autoeditor Will not correct it..
Check all online dictionaries...

You didn't get him. He was being sarcastic.

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 10:00am On Mar 15, 2015

prelinctus:
The way all of you are attacking dapsy06, I think I might have to take sides. He has actually given examples to buttress his point yet you're all proving to be stubborn. Dapsy06, ride on. They are nowhere near your level.

This is epic! You speak fluent sarcasm. grin

1 Like

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 4:30pm On Mar 14, 2015

softrise:
@Eruditor, please in which of the NNPC subsidiaries do you think that someone who studied mechanical engineering can fit in??

NPDC. But you'd still fit into virtually every other subsidiary.

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 1:16pm On Mar 14, 2015

SomBaby:
hmmm...surely nnpc doesn't deserve U coz U re not only d guy after my heart...u re also special...keep it up...smiles...

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 11:01am On Mar 14, 2015*

SomBaby, I am the one who clicked 'Like' under your post.

1 Like

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 11:00am On Mar 14, 2015

CaptShinz:
After observation.... Eruditor u got this one wrong... Dont know much about PSCs buh I can tell u d present JVs suchs MPN,Chevron and Total E&P runs on 60/40 wich means NNPC owns 60% stake i.e dey drop 60% of capital for a project and also get 60% of the profit.... Like I told u I work in one of these MNC and also u are free to read from the website of either Mobil or chevron to get 1st hand info... Wish I could give a document to prove ds but MPI is against such.... We live we learn bro

In conclusion, the real question we can ask ourselves is if ALL the IOCs and indigenous companies have JV agreements with the FG? The answer is a resounding no. That doesn't go without saying that I know some JVs still exist but it is specific for the location and most times companies in question. So ExxonMobil could be using JV for a particular location and yet PSC for another. The PIB will address such.

You can take everything I have just said to a superior at your workplace or you can do your own private research.

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 10:49am On Mar 14, 2015

CaptShinz:
After observation.... Eruditor u got this one wrong... Dont know much about PSCs buh I can tell u d present JVs suchs MPN,Chevron and Total E&P runs on 60/40 wich means NNPC owns 60% stake i.e dey drop 60% of capital for a project and also get 60% of the profit.... Like I told u I work in one of these MNC and also u are free to read from the website of either Mobil or chevron to get 1st hand info... Wish I could give a document to prove ds but MPI is against such.... We live we learn bro

5. There were 3 solutions to the aforementioned problems. a) PSC b) Concessionaire Arrangement c) joint entity. B and C are beyond what is being discussed, so I would talk about only A.

6. PSC is a variant of the JV and it was introduced from 1991 FOR ALL NEW ACREAGES. The major disparity between it and a JV is that in the latter, FG takes 60% of the risk and expenses but in a PSC FG only comes in after the exploration exercise.

7. This implies that all the risks and expenses are shouldered by the MNC until commercial quantities of crude are discovered then FG signs a PSC with the MNC. Now you can see why that talk of 60:40 in ALL E and P activities is vacuous and false. No sensible company will give FG 60% in a PSC for example knowing that FG shouldered a lesser risk. On the flipside, no responsible FG will demand 60% in such an agreement as it would scare off investors.

8. Crude from a PSC are divided into 3 ways: i) cost oil ii) tax oil iii) profit oil.

i) is the cost the company incurred while prospecting and producing. FG lets them make their investment back.
ii) is the fraction from which the MNCs pay their taxes and royalties.
iii) is now the profit aspect of the crude and this is where FG can get a chunk, say 60% of the value.

Cummulatively, one can see that the OVERALL FGs stake cannot be 60%. Also, take note that not all MNCs or indigenous companies use a JV with NNPC. So it is very fallacious for anyone to claim that FG gets 60% of all crude produced.

4 Likes

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 10:23am On Mar 14, 2015

CaptShinz:
After observation.... Eruditor u got this one wrong... Dont know much about PSCs buh I can tell u d present JVs suchs MPN,Chevron and Total E&P runs on 60/40 wich means NNPC owns 60% stake i.e dey drop 60% of capital for a project and also get 60% of the profit.... Like I told u I work in one of these MNC and also u are free to read from the website of either Mobil or chevron to get 1st hand info... Wish I could give a document to prove ds but MPI is against such.... We live we learn bro

1. Your explanation of JVs is correct but FG doesn't just take 60% of the profit, they own 60% of the whole revenue (Total oil produced). The MNC disburses it to the CBN on behalf of the FG while NNPC keeps a fraction for Cash calls, priority projects and domestic refining.

2. With that in mind, FG is mandated to provide 60% of the capital needed at each time T for any project starting from the exploratory or prospecting stage to the production stage. Recall, we are talking about multibillion dollar investments here. So FG is expected to cough out such billions (in totality) dealing with "all the IOCs and indigenous companies" as some have erroneously asserted.

3. This is the same FG that has recurrent expenditures, capital expenditures, Federal allocations to disburse to states, service loans and debts etc. While funding all such multibillion dollar E and P projects (which could fail, if after the exploration exercise, commercial quantities of the oil isn't discovered).

4. The challenge arose that FG wasn't meeting up to the JV agreements as and when due, consequently stalling alot of deals and causing the overall cost of the projects to increase (interest rates etc.)

I will continue in a separate post as I don't want to make this one lengthy.

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 9:51am On Mar 14, 2015

babacha:
Is only a fool dat drag words with Eruditor, just to tell u, my company is a servicing company to Agip and I spend 14 days at Agip production facility and 14 days in my house. I don't need to know what is JV and PSC before I can tell u dat NNPC own 60% watever any E&P produce. Any way u are just a young graduate who has no field experience so wat is the point of draging words with u

If I am to reply you with the same tone and in the same manner the Dalai Lama of this thread will start preaching a sermon on Emotional intelligence. Anyways, experience has shown me that when people are bereft of points, they resort to adhominem or verecundiam.

Also, that you stay 2 weeks off and on a facility doesn't afford you the knowledge you so forcefully want to push on others. I know roustabouts and roughnecks who stay longer and they still don't know anything. FYI you need to know about JVs and PSCs before you can know what is being discussed, let alone tell me anything.

1 Like

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 10:28pm On Mar 13, 2015

babacha:
Lol, chairman I loyal, no vex, why I go know watin be JV, I no go school oooo, na u go school, abeg teacher eruditor teach us some tin

Find out what it means and see if it applies to your "NNPC-owns-60%-of-whatever-any-E-and-P-company- produces-in-Nigeria" theory. It is not even feasible.

European Football (EPL, UEFA, La Liga) › Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by Eruditor: 10:25pm On Mar 13, 2015

This is the same Mourinho that was getting praised when his RM team, on the verge of losing to United, got Nani red-carded and immediately Mourinho capitalised and won that game 2-1. I don't know who is trying to defend the indefensible. The fact remains that Mourinho is getting more paranoid as he ages. He didn't capitalise on PSGs handicap and Chelsea were roundly outplayed by the away team on the day (I would put a period here)

2 Likes

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 7:19pm On Mar 13, 2015

babacha:
Educate urself with dis information I copy from nnpc websit "As with many other developing countries, the multinationals in Nigeria had been operating under what is called a concession system, with NNPC being the concessionaire, while the companies are the operators". I don't even know dat is eruditor am trying to educate, why wasting my time. Sorry Mr eruditor the nnpc dictionary

You are hyperventilating. What is a JV? How does it differ from a PSC?

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 7:17pm On Mar 13, 2015

babacha:
I don't need to drag words with u cos if u know wat u are saying, u will not be missing up words and u would have kown dat NLNG is not E&P. Is not only in nigeria it happen, u cannot enter any country and exploit their oil without the govt of dat country having the larger share of wat u produce, it is an agreement. Dat u must sign before u start producing not a JV, ask those who work in the rig. Wat DPR and NNPC staff come there to do

What is a JV?

Who said anything about NLNG?

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 12:22pm On Mar 13, 2015

babacha:
Federal govt (NNPC) own 60% of wat ever any E and P company produce in this contry under the production sharing contract(PSC) agreement. Go and find out before u start saying patently false

I have found out, that is why I can make bold to say your assertion was patently false. For example, a PSC is a variant of a JV and it allows for less Government stake in the agreement than what obtained during the JV days. FGs stake in some of those agreements are now between 51-40% as against 60% some 20 years ago. I know some JVs still exist but most of the agreements in the E and P sector are now PSCs. This therefore invalidates your claim that "FG owns 60% of whatever any E and P company produces in Nigeria".

I can explain more but I am a bit engaged. Can you ask yourself why FG seem to be phasing out the JVs for PSCs these days? What is the significant difference between these 2 agreements?

2 Likes

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 12:13pm On Mar 13, 2015

SomBaby, what would this thread have been like without you?

1 Like

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 1:48am On Mar 13, 2015

babacha:
Again bros I say nnpc own 60% in the E and P company, is NLNG E&P? try to unsterstand someone post before u comment

The emboldened is patently false.

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 3:28pm On Mar 12, 2015

SomBaby:
Lol...@eruditor...dat was mean...he got it coming anyway...he asked for it...pls wats d full meaning of spdc...got me wracking my brain....

Rugggedest responded correctly.

kiss

2 Likes

Jobs/Vacancies › Re: NNPC Aptitude Test On December 6, 2014 by Eruditor: 3:21pm On Mar 12, 2015

Boygeorge97,

Eruditor:
Ok. Just saw that he combines the 2 positions. Good looking out.

This is the post you are referring to ^^. As you can see, I was admitting that I didn't know he combined the 2 positions but that is not what your friend was seeking to correct (and thereby exposing his own folly and rank ignorance).

Also, your feelings are very wrong (I will stress the 'very'). I have been giving reactionary responses to ONLY those who want to supplant facts with fiction and are hiding behind conjectures, bible verses and shallow quotes while at it.

BTW, I didn't know about Bernard Otti via the invitation letters (for the exams) as I didn't even get it. I am very close to one of his Nephews plus that name became a household one following the Nuhu Ribadu-Led committee probe of the NNPC.

I wish you well too.

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