₦airaland Forum

Flangelo12:
Have they been investing in E&P operations?

How have they been funding their bills. Usan is just additional field, just like Bonga North.

Flangelo12:
They don't have a stake in Seplat.

They sold their onshore assets to seplat.

This can be construed has pulling out of shallow water operations.

Divest to means they sold off their assets to seplat. Where did I say they are part of Seplat?

I have always said..we don't need a president with strength..just have wisdom!!!..Make good policies and leave the rest to foot soldiers to implement!!..investors will rush in!!..PIA that took more than 12years to pass..but it took tinubu just 1 year to pass!!..now see the result..
BAT till 2031!!!..No vacancy in Asorock!!!

I tire o

iwaeda:
ExxonMobil never left Nigeria. They only divest to Seplat, they still maintain strong offshore presence. Propaganda has limit. They are at Karaa Place, Osborne Foreshore, Ilubirin.

Audio $1b. Governmenti wayo.

Their former Chief Accountant/Treasurer Mr. Bola Ahmed Tinubu brought them back

Pootle:
we dont need them anymore they should go back to where they coming from

Did the country feel their exit?

But hasn’t it even been operating?

Image123:
Thank you Jagaban, best president ever.
Witches and wizards go cry blood, Nigeria 🇳🇬 will continue making progress.

Hold on bros it is still a downgrade frontier market means the market watchers should exercise caution because it is still a high risk market and the parameters are still negative. The ranking is lower than Emerging markets, it is a shame that Nigeria is sharing the same rank with the likes of Sierra Leone

What is in the deal for us? .... let me be the first to shout out jobs! ... what else? What is the revenue agreement? ... do we receive 1% of production?... profit? ... will they be drawing oil for the first ten years to recoup their investment?... then 2% to revenue the next five years? Is this exploitation coming out way?

IamAtAnger:
Na here Tinubu started him journey as Accountant/Auditor in th 80s. Sentiment aside... this guy's a genius

.
AdaObi too started buying and selling fake and expired products some decades ago, he has upgraded to importing of fake products

simpleseyi:
.
AdaObi too started buying and selling fake and expired products some decades ago, he has upgraded to importing of fake products

Until they invite you to clarify where he sold fakeand expired products and you are sued una go learn, a subpoena to Nairaland by the police will bring out all your details plus IP address then una go learn, not everything is cruise.

Frezhkid10:
I have always said..we don't need a president with strength..just have wisdom!!!..Make good policies and leave the rest to foot soldiers to implement!!..investors will rush in!!..PIA that took more than 12years to pass..but it took tinubu just 1 year to pass!!..now see the result..
BAT till 2031!!!..No vacancy in Asorock!!!

You people should slow down with propaganda. The strategy for the IOCs has always been thee to diveat from Land and shallow water onshore fields and move offshore. So in hindsight nothing has changed.

Kingrshd3:
Chase dem Ke when his policies actually brought them back

Which policy brought them back. They never left in the first place, they sold their onshore facilities and shallow water oil fields and move offshore in fact it is a negative to us because they scaled down their operations.

And the country is worse than when they left according to some
End time creatures
What exactly is a whole Exxon Mobil coming to do with such huge investments budget.
Let me listen to the children of perdition, hate and destruction again.
Oya ooooooooooooooo
Where una dey..........
End time creatures

ATEAMS:
a big one ..

great FDI


more blessings

Nothing has changed bros. They sold their onshore asset and scaled down operations to focus on offshore only. It is a downgrade bros.

Johnpat198:
Up up Nigeria, very soon Nigeria will be better in employment development

On the contrary no, it is an offshore project fewer Nigerians will be employed, which has been their strategy to scale down on Nigeria operations.

benardtotti:
Buhari was like a scarecrow nothing progressed under him, everything just went static.

The same sai baba that you supported.

Irony1:
Hold on bros it is still a downgrade frontier market means the market watchers should exercise caution because it is still a high risk market and the parameters are still negative. The ranking is lower than Emerging markets, it is a shame that Nigeria is sharing the same rank with the likes of Sierra Leone

Is it an upgrade or a downgrade?

one day there would buy off their assets and liabilities from seplat because it was sold for peanut.

OlaOfLagos:
I hope the tax master won’t chase them away

They considered that before coming back.

Flangelo12:
Tinubu, you do this one.



xxxxxxxxxxxxxxxx

Even from your laughter you know it is a lie. They scaled down their operations by selling their onshore fields and assets to focus only on offshore.

Irony1:
You people should slow down with propaganda. The strategy for the IOCs has always been thee to diveat from Land and shallow water onshore fields and move offshore. So in hindsight nothing has changed.

It's still a net positive output for Nigeria bro!!..it no as if the asset they sold is left abandoned..seplat bought their onshore assets and is making waves with now..now their offshore exploration will
Increase out crude oil output and earn more revenue for the country..

Irony1:
On the contrary no, it is an offshore project fewer Nigerians will be employed, which has been their strategy to scale down on Nigeria operations.

Doesn't it make sense for fewer Nigerians to be employed than none at all? When FDI is going down, you'd still complain, you would not tell about opportunity for more Nigerians. You're playing politics.

datola:
I pity most negative minded Nigerians!

If you know the numbers of foreign investors trooping into the country especially Asians, you will marvel.

I hope some their Nigerians cases will not be like that of South Africans shouting go berk to ye kentry!

Oga keep quiet there. Nigeria is high risk in investing. The only business that moves is hot money assets(treasury bills and stock). Asians coming over only focus on mining and constructions where the mean risk exposure for them is low and the profits high.

Suicideboy:
Tinubu deal has worked finally. All those years of jetting in and out of france. Some people are already dusting their resumes not knowing it's not for them.


First come first served.

You guys should slow down with propaganda there is no deal that worked. The oil companies had a plan to scale down operations in Nigeria and focus only on offshore assets to reduce risk exposure in Nigeria. So it is a downgrade actually.

Image123:
Doesn't it make sense for fewer Nigerians to be employed than none at all? When FDI is going down, you'd still complain, you would not tell about opportunity for more Nigerians. You're playing politics.

It is either Nigerians are mass employed for the economy to be boosted or nothing at all.
In terms of FDI we have lost to the likes of Senegal and Ghana in West Africa.

Simple. Fuel subsidy went. Investment good.

Tinubu comics @ Work

nairalanda1:
Simple. Fuel subsidy went. Investment good.

Nope it had no impact because this was an upstream investment and in hindsight it is a downgrade because they have scaled down operations to focus only on offshore.

Frezhkid10:
It's still a net positive output for Nigeria bro!!..it no as if the asset they sold is left abandoned..seplat bought their onshore assets and is making waves with now..now their offshore exploration will
Increase out crude oil output and earn more revenue for the country..

Those assets Seplat bought has passed their full productive cycle not like as if they don't have enough reserves, but the massive volumes that will bring huge revenues have dwindled in those reserves.

Irony1:
It is either Nigerians are mass employed for the economy to be boosted or nothing at all.
In terms of FDI we have lost to the likes of Senegal and Ghana in West Africa.

Was there a final match somewhere that we lost? $1billion FDI is coming in and you're actively dismissing it as nothing at all. What is the difference between this and the activity of witchcraft?

Image123:
Is it an upgrade or a downgrade?

It is a downgrade. In 2015 we were ranked as an emerging market which is higher than frontier. It is the likes of Nepal, Sierra Leone and Myanmar that are frontier markets.