₦airaland Forum

[quote author= post=89988040]She owns 60% how much stake the operator Chevron control and NNPC [/quote]Cheveron and the rest share the remaining 40%. Don't cry. Okay.

[quote author= post=89987735]Nobody own oil well, they only have temporal stakes which have expiring date, Agbami field license will expire in next 4 yrs, Chevron is the operator and control the major shares after NNPC[/quote]Do you mean NNPC didn't obey the supreme court judgement?

What is NNPC share? 50%?

NNPC don't have any share after the supreme court judgement.

Is Chevron above the law of the land?

Famfa oil owns the oil field.

[quote author= post=89987514]The dumb skulls even doubted the informations about Agbami field provided by the operator Chevron[/quote]You are only grasping for straw.

Famfa oil owns 60% stake in Agbami oil.

[quote author= post=89987404]Even Famfa confirmed that Chevron is the operator

https://www.famfa.com/explore-agbami/[/quote]Famfa owns it while Cheveron operates it. Deal sealed.

How much is Ajapa field worth?

75 million dollars only. Chaiiiii!

[quote author= post=89986542]Please who is the operator of Agbami field [/quote]Famfa oil owns it.

Oops!

[quote author= post=89984609]It's a Joint venture field[/quote]Famfa owns the field.

[quote author= post=89984298]You lack common sense, Agbami field have two wells OML 128 and 127, Statoil and Chevron operate 128 while OML 127 shared by Chevron, Petrobras, and Famfa Oil, they share 63%, Chevron having the majority shares, NNPC takes the remaining percentage.[/quote]While Famfa oil takes 0%?

What happened to DRP?


NNPC 50%
Cheveron 40%
Famfa oil 10%

Bhuhahahaha!

[quote author= post=89984298]You lack common sense, Agbami field have two wells OML 128 and 127, Statoil and Chevron operate 128 while OML 127 shared by Chevron, Petrobras, and Famfa Oil, they share 63%, Chevron having the majority shares, NNPC takes the remaining percentage.[/quote]Krakrakrakrakahehehe!

Dey deceive yaself dere.

Petrobras sold its stake.

The whole field belongs to Famfa oil.

Sunshineg5:
Bruv, shey you have a problem

I thought I have told you earlier that Working capital is quite different from ownership.

Exactly! What he showed is the working interest and not the production-sharing contract (PSC) between Chevron and Famfa.

I am waiting to finish him with facts on this.

Sunshineg5:
Bro even if it's 10%

That is close to 1million dollars a day

25,000 barrels × $30 before covid 19

That is $60 - $30 cost of production

$750,000 a day and × 30

$22.5 per month in revenue

Imagine making this kind of money for 11 years

Exactly! But it's 60%. E dey pain the guy seriously.

duncun:
Forget their pettiness, it's just a tact way of downplaying facts.

You introduced this topic, gave your facts and figures and have given everyone else who cares to see an insight.

Which fact? Is Supreme court judgement not fact? Abeg go and sleep jare.

[quote author= post=89981667]At the beginning of this thread I told you guys that Chevron operates the Agbami Field, you claimed that it's Famfa, I also told you guys Famfa isn't into oil exploration, she only receive her 10 % from Chevron as partner in OML127, OML 128 is Statoil and Chevron while OML 127 is by Chevron, Petrobras, and Famfa Oil, with Chevron having the majority shares.[/quote]Stop fooling yourself. Famfa oil receives 60% after Supreme court judgement. Before then, it was 10%.

[quote author= post=89981667]At the beginning of this thread I told you guys that Chevron operates the Agbami Field, you claimed that it's Famfa, I also told you guys Famfa isn't into oil exploration, she only receive her 10 % from Chevron as partner in OML127, OML 128 is Statoil and Chevron while OML 127 is by Chevron, Petrobras, and Famfa Oil, with Chevron having the majority shares.[/quote]Do you know the worth of Ajapa field?

Somebody just sold its 40% shares. Guess what it worth?

30 Million dollars.

If Ajapa field 40% is worth 30 Million dollars, 80% worth 60 million while 20% will worth 15 million dollars.

Altogether, Ajapa field worths 75 million dollars.

Uju is truly a billionaire.

[quote author= post=89981233]Today I will know me and you who is a liar

Below is Chevron website kindly view

https://www.chevron.com/worldwide/nigeria[/quote][quote author= post=89973536]I hope you understand the functions of DPR Or you are arguing for argument sake[/quote]What happened to the function of DPR?

Cheveron has 32% according to DPR, na. Abi, you are now agreeing with me that the Supreme court judgement didn't favour 50% NNPC stack?

My friend, answer this question before I burst this one too. You are just grasping for straw.

[quote author= post=89980958]The Agbami oilfield is a joint venture partnership between Statoil, Chevron, Petrobras and Famfa Oil. The facility consists of two oil blocks, one owned by Statoil and Chevron while the other is owned by Chevron, Petrobras, and Famfa Oil; with Chevron having the majority shares.
The oil companies jointly developed the facility with the understanding that the costs and production rights will be allocated based on the estimated percentage of oil in the two oil blocks.

[/quote]Before court judgement. Bloody liar.

Gracchus:
They have started claiming Lagos igr too. Lmao. Look at what one of those deluded people posted and compare it with what nbs reported as the source of Lagos igr... Bulk of Lagos igr comes from PAYE which are taxes from wages and salaries of workers in the [/b]formal[b] sector, that's civil servants, bankers, etc. The taxes from markets are under other taxes as listed below. Cc forgiveness, Grayoso, oyatz, akin physicist, legendhero, kayfra, sunshineg5

Na wa ooooo.

[quote author= post=89976058]2009 [/quote]Has the Supreme judgement changed? Use your brain.

[quote author= post=89975161]I gave 2018 report from DPR you are quoting irrelevant sites, show me where she is receiving 60% from DPR[/quote]You are an ignoramus. Read the judgement of supreme court. If you are not satisfied, check the case file.

Famfa oil receives 60%.

[quote author= post=89974616]Dumbo[/quote]You have been disgraced. Now, move on Next.

gomojam:
That guy is a shameless liar.

A pathetic one for that matter.

[quote author= post=89973536]I hope you understand the functions of DPR Or you are arguing for argument sake[/quote]Are you an illiterate? Is DPR above the law of the land?

Supreme court judgement is supreme and final. Case closed.

You are only grasping for straw.

[quote author= post=89973051]Brittania U is exploring Ajapa[/quote]Which year did Brittania buy Ajapa field?

[quote author= post=89972771]You guys are really ignorant, I'm show you DPR list you are quoting blog site[/quote]You must be an ignoramus.

See case file of case between NNPC and Famfa oil.

Famfa oil owns 60% stake in Agbami oil field. Gbam.

Read the judgment. That's if you can understand.

Stop posting outdated stuffs.

Ajapa field remains a disappointment in business.

Anambra1sttson are you speechless?

I know you will abandon this thread and open another since you have been debunked with proven facts.

Shame on you.

[quote author= post=89972093]Ajapa field was acquired by Brittania from Cheveron[/quote]Bloody liar. Ajapa field is a joint venture between Brittania group and Cheveron/NNPC. This is from Brittania group website. You bloody liar.

Anambra1sttson, you are peeping.

How far with Uju?

Alakija no be mate of 1,000 bpb per day Ajapa oil field joint venture of Uju.

[quote author= post=89971515]Dumbo this DPR site[/quote]Anambra1sttson, boy.....how far?


Agbami Field: Supreme Court Ruling Hands 150,000BOPD To Famfa

SECTION: IN THE NEWS · DECEMBER 12, 2012 · 1 COMMENT | TAGS: AGBAMI, FAMFA, FEATURED, NNPC


The Nigerian Supreme Court ruling on Famfa Petroleum’s stake in the Oil Mining Lease (OML 127) simply affirms the pronouncement of the lower courts with which industry watchers are familiar, if not in respect of the implications for the parties and the country but in terms of defining the “winner” and the “loser”.

With the judgement, Famfa’s entitlement to lift 150,000BOPD, or 60% of the 250,000BOPD production from Agbami is now a done deal. This is huge. To put it in context, the volume is around 6% of Nigeria’s 2.5MMBOPD, and clearly a higher volume than (the French Major) TOTAL’s entire equity production in shallow water Nigeria. Yet TOTAL operates four Nigerian offshore acreages and is the fourth largest producer of Nigerian crude.

Famfa, a local independent, went to court to contest the Nigerian government’s “back –in rule” (BIR), which stipulate a takeover, by Government, of 50% equity in indigenous deepwater blocks upon declaration of commerciality and OML 127 happens to be one. As provided in BIR, all of the 50% is to come from Famfa’s 60%, leaving the company with 10%. The company immediately headed for the court and won, before production commenced in 2008. The NNPC, (the government’s representative and concessionaire on the asset) contested the ruling in both Appeal and the Supreme Court and the judgement has been the same: That the acquisition of a proportion of Famfa’s interest by the Federal Government of Nigeria in OML 127 was in “breach of the proper procedure laid down by statue, and was thus illegal, null and void”. Agbami has produced around 250,000BOPD for four years. Famfa has thus been entitled to lift 150,000BOPD all these years, but had never been allowed to lift more than the 10% that the back in rights stipulated.

The NNPC’s tooth and nail battle to keep Famfa’s equity at 10% is widely perceived as being as altruistic as the principle which informed the “back in rights” rule, enunciated in 2007. The state hydrocarbon company was hoping to claw back, by regulation, what the soldiers who ruled the country until 1999 gave away by Fiat. The NNPC is more or less saying: “how could a single company (read INDIVIDUAL), without any significant investment, just be entitled to six percent of the entire national daily production

http://africaoilgasreport.com/2012/12/in-the-news/agbami-field-supreme-court-ruling-hands-150000bopd-to-famfa/

[quote author= post=89971433]Otondo go and check operator of Ajapa field[/quote]Joint venture Ajapa field remains. Do you understand that English?

Bloody liar.

[quote author= post=89971515]Dumbo this DPR site[/quote]Which year? You bloody liar.

[quote author= post=89971383]Famfa stake is 10%[/quote]That was before she won the case against federal government. You bloody liar.

Stop posting outdated stuffs here. Are you not the one that posted 2018 passenger traffic of airports in Nigeria showing Ibadan airport with just 300 passengers?

After my research, I discovered you are a pathological liar when I saw 2019 data of ibadan with 13,000 passengers in the first Q1. You bloody liar.