₦airaland Forum

Ugosample:
You have the guts to call the ND parasites?
Are you ok at all

The real parasites know themselves - and if the cap fits, wear it.

funny enough, the money no dey enter our pockets. sooooo, just normal News for me.

ItsMeAboki:
The real parasites know themselves - and if the cap fits, wear it.

I see

clogogo:
Finally you Northerners can leave us a long and build ur nations like Dubai rite ... I can't wait for a Life knowing that the northerners are our neighbouring country ..
Thank God for the announcement because I knew there was oil in the River basin before now.

Careful of what you are wishing for; because if it should happen, note that our borders may not necessarily be opened to neighbouring tourists or economic refugees - particularly of the Flatinoid kind.

oyibotat:
Oil discovery in Northern naija is long overdue. So, it's not a surprise to me. As for corruption, Niger Delta political/traditional leaders are most corrupt than any other region in the entire naija. Quote me anyday, anytime and I will show you proofs

Bro, anywhere there is plenty money, there is huge corruption.

nortcentrallord:
Who's money are you using to develop the imaginary oil wells in the north? You should be great full to the south for feeding you all these years. I am grateful to them even though am far away. Nigerians are suffering and such amount is spent on a wild goose chase. I will be happy for the north to find even little oil so we can practice true federalism. sanusi is shouting "oil is irrelevant in this Modern day world" who buhari is drilling al avail lands up north to find a pint of Sam oil. Who is fooling who?

The answer to your question is: Nigerian is money being used to develop the new found wells in the north just like Nigerian money was used to develop those in the south.
No! there is nothing imaginary about the oil find in the north except to those with literacy problems, who apparently cannot read the screaming headlines in front of them.
Yes, oil may now be losing its relevance but it doesn't meant it will completely lose its entire relevance even in the future.
That is why even oil rich countries like Saudi Arabia etc, with huge reserves have never stopped exploring for new finds to add to their strategic reserves and safeguard their energy security.

Praise the Lord!!! Finally, Nigeria can now breathe a sigh of relief.

drss:
good news. let buari dullard use northern oyel money to fund his budget.

Why not invest in Agriculture, imagine whooping #27 billion and $340m. In my opinion this fund should be channelled appropriately.

""The statement from the NNPC also said that the exploration of the oil in the North has, so far, gulped a shocking sum of about N27 billion and $340 million corresponding"

ItsMeAboki:
Its no brainer that oil is waiting to also be found in the Nigerian side of the Chad Basin since the same geology extends into its already oil producing neighbouring borders. Same also applies to the Benue trough and the Sokoto/Niger axis.
Very soon the north will also be swimming in its own oil and the real hateful parasites will be silenced for good - as they are already silenced by their visible absence from this thread.

My friend, it's no brainer that resources meant for prior capital developments and other national strides are used to prospect for oil in a part of the country while existing reserves are abandoned.

If you understand the word "Prospect", the large uncertainty surrounding same are heightened with the oil price glut, the pending confirmation of economical volumes for it to be declared a reserve and the insecurity in the region.

All this has infact confirmed that, it has always been about oil. Shame on you and your like minds. If this news be true, then, good luck to the Arewa Republic.

ItsMeAboki:
The answer to your question is: Nigerian is money being used to develop the new found wells in the north just like Nigerian money was used to develop those in the south.
No! there is nothing imaginary about the oil find in the north except to those with literacy problems, who apparently cannot read the screaming headlines in front of them.
Yes, oil may now be losing its relevance but it doesn't meant it will completely lose its entire relevance even in the future.
That is why even oil rich countries like Saudi Arabia etc, with huge reserves have never stopped exploring for new finds to add to their strategic reserves and safeguard their energy security.

Read again and amuse yourself even more.

What do you understand by the following words; prospecting, uncertainty, economic quantity or volumes, oil price glut?

Do you know there are confirmed prospects in the south waiting development? Do you also know that our onshore and swamp wells are not beyond 13000fts ? Have you ever heard of deep reach wells?

If yes, why not develop a region with such potentials rather than wildcatting to the tune of $340 million and some billions of Naira.

That money can change alot in the power sector as well as boost the diversification agenda in Agriculture.

You actually sound learned but I urge you to remain so throughout this convo

ABEngine:
Read again and amuse yourself even more.

What do you understand by the following words; prospecting, uncertainty, economic quantity or volumes, oil price glut?

Do you know there are confirmed prospects in the south waiting development? Do you also know that our onshore and swamp wells are not beyond 13000fts ? Have you ever heard of deep reach wells?

If yes, why not develop a region with such potentials rather than wildcatting to the tune of $340 million and some billions of Naira.

That money can change alot in the power sector as well as boost the diversification agenda in Agriculture.

You actually sound learned but I urge you to remain so throughout this convo

Wait hold on Bro. If this is true why waste time in northern region. Secondly if you know all this can you please tell me where in southern region these well are so we can invest. I don't get why more private oil exploration companies don't try.

I don't mind giving it a shot in future. You should aswell.

ABEngine:
Read again and amuse yourself even more.

What do you understand by the following words; prospecting, uncertainty, economic quantity or volumes, oil price glut?

Do you know there are confirmed prospects in the south waiting development? Do you also know that our onshore and swamp wells are not beyond 13000fts ? Have you ever heard of deep reach wells?

If yes, why not develop a region with such potentials rather than wildcatting to the tune of $340 million and some billions of Naira.

That money can change alot in the power sector as well as boost the diversification agenda in Agriculture.

You actually sound learned but I urge you to remain so throughout this convo

If you had any comprehension you wouldn't raise any of the issues you mentioned; since my post had already addressed them.
Evidently, since you are hard of understanding of the following key words used in my post: exploring, strategic reserves, energy security; then let me make it very simple for you: Ever heard of the saying 'putting all ones eggs in the same basket'? - hope you get it.

Blue3k:
Its a joint venture project for exploration.

Also it might be more expensive to drill might require some special technical expertise like facking and horizontal drilling.

But there's no need to deceive people about wells full of potential, there is nothing like that. A oil well is either productive and economically viable or it is not. Saying it has potential is meaningless rubbish and an attempt to siphon money while giving childish hopes.

Blue3k:
Well I can't argue with those facts. Do you mind sending me your research I'd like to read it please. PM me or email me.

Ok bro... Wikk do that ASAP

Blue3k:
Wait hold on Bro. If this is true why waste time in northern region. Secondly if you know all this can you please tell me where in southern region these well are so we can invest. I don't get why more private oil exploration companies don't try.

I don't mind giving it a shot in future. You should aswell.

The major problem here is the uncertainties sorrounding such investments, the process of conversion from resources to reserve which is only favoured by improved oil prices and the huge capital investment that isnt favoured by policy bias at the moment.

A group of indigenous companies are doing same at the moment, most cannot attract foriegn investors due to the said reasons above.

But would have been a nice choice if only we chose to have the mining technologies with well funded research and development capacities in exchange for the black gold rather than depend on some industry experts.

ABEngine:
Read again and amuse yourself even more.

What do you understand by the following words; prospecting, uncertainty, economic quantity or volumes, oil price glut?

Do you know there are confirmed prospects in the south waiting development? Do you also know that our onshore and swamp wells are not beyond 13000fts ? Have you ever heard of deep reach wells?

If yes, why not develop a region with such potentials rather than wildcatting to the tune of $340 million and some billions of Naira.

That money can change alot in the power sector as well as boost the diversification agenda in Agriculture.

You actually sound learned but I urge you to remain so throughout this convo

Bros talk true. If you were Buhari would you be spending more money developing prospects in the South? Right now the South is holding the whole country to ransom. The northerners have no choice. If they discover oil it's a win for everyone.
1. Either the North will be more amenable to resource control or splitting up as the case may be or

2. Even if we remain together we will rest from the economic terrorists in the Niger Delta.

princejayboss:
Bro i put it to you that you are not aware of the northern cospiracy, i gave my life to physics, this part of chad basin was one of my case study when i was in Japan for my higher education.

I put it to you that the northern elite uses this exploration scam to loot fund.


The problem in naija is that we give a lawyer the job to handle power sector... You can imagine the outcome

The minister of power is an administrative position, he is not the one joining cables, changing plugs or buying bolts. Fashola is a good administrator and is doing fine so far.

ItsMeAboki:
If you had any comprehension you wouldn't raise any of the issues you mentioned; since my post had already addressed them.
Evidently, since you are hard of understanding of the following key words used in my post: exploring, strategic reserves, energy security; then let me make it very simple for you: Ever heard of the saying 'putting all ones eggs in the same basket'? - hope you get it.

Thank you for the nice words, but having read through as advised i still maintain you are totally out of contest as regards to my response.

However i will gladly react to any meaningful and postive inputs you will make in the near future to either butress your points or dispute mine.

princejayboss ABEngine two intelligent guys. Wow gives me hope for our country some day will we will live up to our potential. Thank you guys for information.

ItsMeAboki:
Careful of what you are wishing for; because if it should happen, note that our borders may not necessarily be opened to neighbouring tourists or economic refugees - particularly of the Flatinoid kind.

Lol... The advantage are far more than the disAdvantages ... We can travel to other countries .. Without ur country if we divided, so it no big deal

ABEngine:
My friend, it's no brainer that resources meant for prior capital developments and other national strides are used to prospect for oil in a part of the country while existing reserves are abandoned.

If you understand the word "Prospect", the large uncertainty surrounding same are heightened with the oil price glut, the pending confirmation of economical volumes for it to be declared a reserve and the insecurity in the region.

All this has infact confirmed that, it has always been about oil. Shame on you and your like minds. If this news be true, then, good luck to the Arewa Republic.

Nothing wrong with exploration, every normal country does that. It is not a Buhari idea, it's been on for decades and the money mentioned was spent over 30years. What is wrong is childish illiterate deception about meaningless prospects of oil. You either find oil or you don't. It's not a hope that it would later appear, that's rubbish. Existing reserves are not abandoned. Deal with facts and mention them.

honeychild:
Bros talk true. If you were Buhari would you be spending more money developing prospects in the South? Right now the South is holding the whole country to ransom. The northerners have no choice. If they discover oil it's a win for everyone.
1. Either the North will be more amenable to resource control or splitting up as the case may be or

2. Even if we remain together we will rest from the economic terrorists in the Niger Delta.

My dear, your concerns have been duly deliberated and the outcomes were thus:

1. Nigeria is divided on tribal, religious and socio-political lines, we should not try to pretend about this and as such we are vulnerable.

2. The problems of the common men have little or nothing to do with the natural endowments of a geo-region. Oil wars are for the elites. We the commoners need electricty and some basic health facilties inclusive of a comprehensive health insurance scheme as privilieges of our so called "common wealth."

3. If Oil must be explored in the North, the question would be? At whose expense? The people are yet to benefit from that in the South and as such do not directly feel the impact of these resources.

4. A nation threatened by war, hunger and economic instabilities should have found an/some alternative(s) to quel these looming crisis. The answer is in Agriculture

Now to your question, if I were buhari, I will shift focus from Oil to Agriculture, develop the capacities of the large farming belts of the Nation while developing logistics to ensure assess to food is unrestricted.

We all know how desperate a hungry man can be. Thereby gaining on effectively cutting down societal vices and the rate of crime

ABEngine:
Thank you for the nice words, but having read through as advised i still maintain you are totally out of contest as regards to my response.

However i will gladly react to any meaningful and postive inputs you will make in the near future to either butress your points or dispute mine.

Point has already been made: Nigeria cannot achieve energy security if its supply lines remain vulnerable to attack and sabotage by concentrating its source in one area (i.e. the ND) - which is akin to putting all its eggs in one basket.
Anyone with common sense would understand why it is therefore strategic to also diversify the source of such resource, so that the country may not be held to ransom like in the current situation that we have with the NDA or in event of war or disaster that may impact on our supply infrastructure.
Hope that is now simple enough for you.

clogogo:
Lol... The advantage are far more than the disAdvantages ... We can travel to other countries .. Without ur country if we divided, so it no big deal

Yes indeed, other countries like Southern Sudan - shey you understand.

Image123:
Nothing wrong with exploration, every normal country does that. It is not a Buhari idea, it's been on for decades and the money mentioned was spent over 30years. What is wrong is childish illiterate deception about meaningless prospects of oil. You either find oil or you don't. It's not a hope that it would later appear, that's rubbish. Existing reserves are not abandoned. Deal with facts and mention them.

This is an excerpt of the link posted below this comment

"Further, the acquisition of 3D seismic is helping to delineate oil prospects previously not identified. Gbaran field, for example, is estimated to hold approximately 500 million bbl of oil. The structure was previously thought to be a predominantly gas accumulation when discovered in 1967 and is probably an example of reinterpretation with better seismic data".

NIGER DELTA OIL PRODUCTION, RESERVES, FIELD SIZES ASSESSED - Oil & Gas Journal

http://www.ogj.com/articles/print/volume-93/issue-46/in-this-issue/exploration/niger-delta-oil-production-reserves-field-sizes-assessed.html


I will be willing to answer whatever questions you have afterwards.

ABEngine:
This is an excerpt of the link posted below this comment

"Further, the acquisition of 3D seismic is helping to delineate oil prospects previously not identified. Gbaran field, for example, is estimated to hold approximately 500 million bbl of oil. The structure was previously thought to be a predominantly gas accumulation when discovered in 1967 and is probably an example of reinterpretation with better seismic data".

NIGER DELTA OIL PRODUCTION, RESERVES, FIELD SIZES ASSESSED - Oil & Gas Journal

http://www.ogj.com/articles/print/volume-93/issue-46/in-this-issue/exploration/niger-delta-oil-production-reserves-field-sizes-assessed.html


I will be willing to answer whatever questions you have afterwards.

You are cementing my point, the wells aren't being abandoned. Gbaran field is in the Niger Delta. It is the northern exploration that they need to come clean and straight with. There's nothing wrong with the exploration but they should not give false hopes and make meaningless statement about wells full of prospect.

ItsMeAboki:
Point has already been made: Nigeria cannot achieve energy security if its supply lines remain vulnerable to attack and sabotage by concentrating its source in one area (i.e. the ND) - which is akin to putting all its eggs in one basket.
Anyone with common sense would understand why it is therefore strategic to also diversify the source of such resource, so that the country may not be held to ransom like in the current situation that we have with the NDA or in event of war or disaster that may impact on our supply infrastructure.
Hope that is now simple enough for you.

1. Diversification you say, Agriculture is a more profitable investment if you ask any honest being with common sense. With bio extracts we can also support power generation and reduce our carbon footprint.

2. In lieu of the recent spate of attacks that have rendered the country vulnerable as you rightly noted, should we come to an accord on the fact that no region has exclusive rights or franchise to madness and as such, if prompted, such gory instances could equally repeat itself in the North East & Chad basin regions.

Let's not give ourselves justification for folly and cloaked bigotry. You and I know where these monies are best employed.

ABEngine:
3. If Oil must be explored in the North, the question would be? At whose expense? The people are yet to benefit from that in the South and as such do not directly feel the impact of these resources.

4. A nation threatened by war, hunger and economic instabilities should have found an/some alternative(s) to quel these looming crisis. The answer is in Agriculture

Now to your question, if I were buhari, I will shift focus from Oil to Agriculture, develop the capacities of the large farming belts of the Nation while developing logistics to ensure assess to food is unrestricted.

We all know how desperate a hungry man can be. Thereby gaining on effectively cutting down societal vices and the rate of crime

Oil exploration doesn't stop farming, other nations do the two together, one doesn't have to go for the other.

ItsMeAboki:
The answer to your question is: Nigerian is money being used to develop the new found wells in the north just like Nigerian money was used to develop those in the south.
No! there is nothing imaginary about the oil find in the north except to those with literacy problems, who apparently cannot read the screaming headlines in front of them.
Yes, oil may now be losing its relevance but [b]it doesn't meant it will [/b]completely lose its entire relevance even in the future.
That is why even oil rich countries like Saudi Arabia etc, with huge reserves have never stopped exploring for new finds to add to their strategic reserves and safeguard their energy security.

Sanusi must be very wrong then. Your construction though...

menix:
What u saw is not a human reflection but a descending pipe from a ship we re about to load with crude...

How can u fire me knowing the crude well Will ignite

ok you're now on paid suspension! Come to my office so we discuss how to share the money!