₦airaland Forum

SalamRushdie:
I am the one with experience in upstream oil industry, you have never worked there so shut up ...which oil asset has the Nigerian govt ever funded ? Even in it's JV arrangements the Nigerian govt has always failed to make their own counterpart funding ....you are empty headed ..see who wants to teach me about oil industry 😅😅😅😅😅😅😅

SalamRushdie:
...just look at how most of the companies that won have Yoruba background

forgiveness:
Adebutu

zero8zero:
Give instances of the failed counterpart funding till date, Mr armchair experience

stonemasonn:
Which ones are of Yoruba background in the list? Just curious.
Maybe I'll dust my CV to go apply for job.

SalamRushdie:
Sifax

Ocean gate

Homeland

Hakilat

fashrola:
It’s cool seeing Homeland Integrated offshore company coming on stream to drilling….

I hope they increase their ship crew salaries though…. Cos this is a big win for them

SalamRushdie:
Well I had years of real time experience at Escravos , Agbami FPSO , Bonga FPSO for Samsung Heavy ..Not everyone is armchair like you .

Okay back to the matter , see attached

Odotech:
Alot of Yoruba oil block owners have emerged from this process. These unknown companies given oil blocks are fronts for tinubu and Yoruba politicians. They didn't give them undeveloped fields but the developed ones

zero8zero:
Lol, 2016 Which of the JVs has NNPCL failed the counterpart funding as at 2024?. Delay of funding is not unusual but which funding has NNPCL failed to deliver as at today?. Remember, I said "till date". Oya keep digging, Mr armchair expert.

SalamRushdie:
They faill in all , most times the IOC partner ends up bearing the entire cost and they deduct it when production starts , there is no JV that the NNPC has held its own end completely before except may be LNG project and even that I have to find out but I think they did well there ...Oga this a field was a commercial advisor in for years so I know these things because I was privy at the time to know

Odotech:
Alot of Yoruba oil block owners have emerged from this process. These unknown companies given oil blocks are fronts for tinubu and Yoruba politicians. They didn't give them undeveloped fields but the developed ones

swaggerjack:
Who are the fronts and true owners of all these unknown companies cornering Niger Delta oil blocks.

Niger Delta residents in oil producing communities live in abject poverty. And have Northerners, South Easterners and Southwest government officials through their various fronts and briefcase companies corner all their onshore and offshore oil blocks.

forgiveness:
Fantastic. If you are not ready for exploration be ready to lose your license. Nigeria don wise up.

TimeManager:
The Nigerian National Petroleum Company Exploration and Production Limited, a subsidiary of the Nigerian National Petroleum Company Limited, lost out in the just-concluded oil licensing bid round as winners emerged on Wednesday.

The winners were formally announced by the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, at the licensing round commercial bid conference held in Lagos.

During the electronic bidding process, it was unveiled that the NNPC E&P bid for three deep offshore assets – PPL 303, PPL 305, and PPL 306 – which it lost to other companies.

However, Komolafe said NNPCL is a reserved bidder for the three assets.

Our correspondent reports that TotalEnergies won a block out of the two it contested for.

In the final result, SIFAX & RoyalGate Consortium won PPL 300-DO; OceanGate Engineering Oil and Gas Ltd won PPL 302-DO and PPL 3007; Homeland Integrated won PPL 304-DO; Hakilat Oil & Gas Consortium Ltd defeated NNPC E&P to clinch PPL 305-DO; BISWAL Oil & Gas Ltd also defeated NNPC E&P to win PPL 306-DO.

After having a tie, MRS Oil & Gas later defeated NNPC E&P to win PPL 303-DO.

Similarly, Petroli Energy Marketing and Supply Ltd got PPL 269; Sahara Deepwater Resources Ltd won both PPL 270 and PPL 271; Panout Oil & Gas beat TotalEnergies and three other bidders to secure PPL 300/301 CS. Panout also claimed PPL 3015.

In the same vein, TotalEnergies E&P won PPL 2000/2001.

As sole bidders, BISWAL won PPL 2002; First E&P has PPL 2003 and PPL 2006; Deywayles International Limited secured PPL 2004; Applefield Oil & Gas got PPL 2005; R28 Holdings Ltd won PPL 2007 and PPL 3011; Tulcan Energy E&P won PPL 2008 and 3012; Broron Energy secured PPL 2009; Hakilat Oil & Gas claimed PPL 3016; and Applefield Oil & Gas won PPL 3017.
https://punchng.com/bid-round-nnpcl-loses-as-totalenergies-others-win-oil-blocks/

Odotech:
Alot of Yoruba oil block owners have emerged from this process. These unknown companies given oil blocks are fronts for tinubu and Yoruba politicians. They didn't give them undeveloped fields but the developed ones

TimeManager:
https://punchng.com/bid-round-nnpcl-loses-as-totalenergies-others-win-oil-blocks/

Bluntguy:
Taa fly away. Come win bid naa make we see.