₦airaland Forum

OkpaNsukkaisBae:
almost all the foreign investors are leaving the country. The great Tinubulation is here.

No, they are not. ExxonMobil is selling off those assets because of security concerns. I hope Seplat is making the right call though. You want to operate an offshore rig that ExxonMobil is running away from. I don't know how they intend to pull the stunt.

Kelvinofficial:
Nigerians complaining about these IOCs leaving are really myopic. At least now indigenous companies are taking over, which means retained revenue. The most important question we should be asking is if these indigenous companies have the technical expertise and financial chest to take over these oil wells!

You have a point, but ExxonMobil is selling off those assets because of security concerns.
They are not leaving Nigeria.

However, a Nigerian company that can acquire oil and gas assets worth billions of dollars should be able to afford some of the best drilling engineers in America and Europe to man the upstream operations.

What Nigerian government hasn't been doing right is enforcing the local content laws to compel foreign oil workers to teach Nigerian petrolatum engineers what they do.

This will add close to 500,000 barrels per day if it works and start. Nigeria currently produces barely 1.5 million barrels per day.

The significance of this deal succeeding is quite underrated. Nigeria's economy will immediately feel the impact once 100% production resumes.

.

Why bother to respond to morons like this one?

Tjra:
Which school did you attend?

OkpaNsukkaisBae:
almost all the foreign investors are leaving the country. The great Tinubulation is here.

Beer for Obi

Coastal road for Jagaban.

Have you taken one hero beer today?

A lot of people just comment out of ignorance and based on ethnic, tribal and political bias. They look for the tribal or political points they can make as comments out of every post....

Mobil out, Seplat in means good for the country.
Most of the mobile staff will be absorbed by Seplat anyway. So it's still a continuity...
This means less foreign repatriation of funds away from Nigeria.... I know Seplat has the capacity to do and run the takeover

SoNature:
Long overdue! Congratulations to Seplat!

Nigerians should allow Nigerian companies to grow. We should be happy that SEPLAT, a Nigerian company is buying these assets. Look at what Air peace went through. If not for the mans doggedness, Nigerians will still be paying through their noses to travel to UK today.

Slytiger:
Thank God SEPLAT is indigenous.

Trust me, stories will start once that indigenous company takes over.

It has been proven over the years that our black brothers are not good managers of such assets.

They will so much bastardize the management of human resources that you will pity the staff.

I am privy to one of such.
The company is French owned with different nationals holding different key positions, recently the MD gave a directive to all Executive Directors to cascade same to all General Managers to submit their budget for the next financial year starting April, he specifically told them to review workers remuneration by btw 60-100%. Would you believe that your black brothers sent in a review with salary increment of a paltry 20%, when the instruction was clear (60-100%).
Note, this actually affected the contract staff in the company.

Over the years, these our brothers have been sitting on benefits that ought to have been approved for the contract staff.


Abeg na black man be black man problem.

Teenaira:
Nigerians should allow Nigerian companies to grow. We should be happy that SEPLAT, a Nigerian company is buying these assets. Look at what Air peace went through. If not for the mans doggedness, Nigerians will still be paying through their noses to travel to UK today.

Imagine that it was after Buhari had already approved this acquisition that NNPC remembered that it has the right of first refusal.

In short, the biggest problem of this country is that those who benefit from the country not working are some of the most powerful people we know and have planted their foot soldiers all over the place.

I need to be informed more on this deal please. From what I heard, Exxon is stepping into deep water while Seplat will partner with Mobil to run thier onshore facilities together

Please who can throw more light on this.

OkpaNsukkaisBae:
almost all the foreign investors are leaving the country. The great Tinubulation is here.

When u are misinformed that's the way u will keep thinking archaic way of thought smh for u

Same owners new name

Even mobil

adeolamighty:
The guy mumu I swear @ChristeJames. Is it the government that's selling the property?

Please let's forgive the guy and educate him. 😂

Niger delta one day una go get sense by force. Oil spillages have already destroyed the region, while all the money is channeled to Abuja and other northern states

Great100000:
https://nairametrics.com/2024/05/02/fg-may-approve-exxonmobils-1-28-billion-asset-sale-to-seplat-in-two-weeks-report/

Portharcourt Refinery may start operation in 2 weeks
Nigerians may have 24 hrs light in 2 weeks
Nigerians may have pipe borne water in 2 weeks.
Bobrisky may be released in 2 weeks

That familiar 2 weeks

No fvckin firm or individual has the right to suck the common wealth of the Niger Delta people.

They are buying the business for a song. It should easily be worth 3 times as much if fully operational. A Nigerian company may fair better in dealing with the militants, oil thieves, communities and other stakeholders, whether they contribute to the lawlessness or not that bedevils the Niger Delta.

This is a money printing opportunity they've just gotten for peanuts.

If you disagree, let me have your informed opinions. One learns everyday

OkpaNsukkaisBae:
almost all the foreign investors are leaving the country. The great Tinubulation is here.

To read and comprehend is problem. I hope the Tinubulation is not affecting you? Awon olodo!

Alliswell248:
Beer for Obi

Coastal road for Jagaban.

Have you taken one hero beer today?

Lmao 😂🤣 😂🤣 Hoebidiot is holding my own..😅😅😅😅

christejames:
They are now selling everything sellable just to push up the falling naira?







Tinubu go soon sell Eko Atlantic if he is not
restrained.

This one na stark illiterate!

🤔

OkpaNsukkaisBae:
almost all the foreign investors are leaving the country. The great Tinubulation is here.

You are so dumb, Seplat is an indigenous company, ExxonMobil has ripped off Nigeria and finally it’s leaving and you are complaining,

Kelvinofficial:
Nigerians complaining about these IOCs leaving are really myopic. At least now indigenous companies are taking over, which means retained revenue. The most important question we should be asking is if these indigenous companies have the technical expertise and financial chest to take over these oil wells!

If IOCs leaving is the best policy, why is the government courting investment from Qatar, India, S Arabia and UAE? Nigeria needs both foreign investment and indigenous investment

Money dey where he dey! People get money o! Choi

Kelvinofficial:
Nigerians complaining about these IOCs leaving are really myopic. At least now indigenous companies are taking over, which means retained revenue. The most important question we should be asking is if these indigenous companies have the technical expertise and financial chest to take over these oil wells!

/
Some of you are funny!

You really believe that IOCs are selling off assets to indigenous companies. They are restructuring. Hands of Essau, voice of Jacob. The profits flow upstream to the bosses whose names do not appear in any official documents. Your indigenous companies are just faces of the operation. It is a tax haven for the IOCs.

/

OkpaNsukkaisBae:
almost all the foreign investors are leaving the country. The great Tinubulation is here.

This should be a good thing for the local investors. For over 70years the guys have dominated us and stole us blind

EdiskyHarry:
Niger delta one day una go get sense by force. Oil spillages have already destroyed the region, while all the money is channeled to Abuja and other northern states

What has the States in Niger Delta done with the 13% derivation?

harvenghor:
Hope this not translate to them leaving Nigeria?

Yes mobil has left Nigeria

Lifestone:
What has the States in Niger Delta done with the 13% derivation?

You collected something from someone and gave the person 13%, does that make sense to you?