₦airaland Forum

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

That has not answered my question

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 is not Tinubu or FGN selling. Rather, ExxonMobil sold most of their fields in Nigeria to Seplat over 2 years ago. The deal was initially approved by the Buhari presidency, but Buhari later reversed himself following pressure from NNPC. To know why ExxonMobil is selling, Google a country called Guyana. That's the new Nigeria for the oil majors. They have used and dumped Nigeria as the era of cheap and free oil is all gone. The sale is good for Nigeria as Seplat being a competent and strong operator will invest in increasing production from Asset.

Eriokanmi:
They're leaving in droves, disposing of their assets. If this isn't backwardness I wonder what it is. Nigeria isn't the largest economy in Africa anymore...a point to ponder

What happened to Wil lBros , Solgas assets sold to indigenous companies today after they left?

The world is moving to Lithium & Nickel batteries
Maybe crude & biofuels would only be used for planes & ships
The risk involved in doing business in onshore Nigeria is now high
They can project/forsee insecurity tripling due to inflation & bad governance
They should sell their offshore assets too
Why haven’t they ?
In 50 years petrol fueled cars will be in developed countries museums as antiques
Nigeria should have diversified like the UAE, Qatar, Saudi
Already late
Nigerian rulers are operating like we are still in the 1990’s
Nigeria can still trade with other African countries though.
Instead of utilising the minerals in Plateau & Kaduna to good use, greed & evil runs the place

Slytiger:
Thank God SEPLAT is indigenous.

In for more propaganda.......
MobilExxon, once the biggest company in the world joining the outgoing order.

yinkeys:
The world is moving to Lithium & Nickel batteries
Maybe crude & biofuels would only be used for planes & ships
The risk involved in doing business in onshore Nigeria is now high
They can project/forsee insecurity tripling due to inflation & bad governance
They should sell their offshore assets too
Why haven’t they ?
In 50 years petrol fueled cars will be in developed countries museums as antiques
Nigeria should have diversified like the UAE, Qatar, Saudi
Already late
Nigerian rulers are operating like we are still in the 1990’s
Nigeria can still trade with other African countries though.
Instead of utilising the minerals in Plateau & Kaduna to good use, greed & evil runs the place

Diversification is very key in the oil and gas sector but our leaders are so myopic. Whole petrol will be out of vogue in near future, crude will remain relevant till the end of time. There are other by-products you could rerive from crude namely:

The aviation fuel which looks like the DPK or what we call kerosene

Diesel

Lubricants

Petroleum jelly

Urea Fertiliser, etc

Polypropylene and Polyesters derived from Petroleum hydrocarbon, etc

The above will sell much more than petrol. Dangote was smart enough to have taken 3 out of these hot sells.

Eriokanmi:
They're leaving in droves, disposing of their assets. If this isn't backwardness I wonder what it is. Nigeria isn't the largest economy in Africa anymore...a point to ponder

What happened to Wil Bros , Solgas assets sold to indigenous companies today after they left?

ExxonMobil and others are NOT leaving Nigeria but going into the more lucrative deep offshore oil production than the lower value onshore or shallow offshore oil fields.