nobone:
feasibility study

TripleH911:
I Love you Mr President. `haters we`ll soon comprehend you sir. God bless Nigeria.

GavelSlam:


Which oil licence hasn't been renewed?

What OML?

Enough of beer parlour gist.

Follow facts of the matter.

GavelSlam:
You are all daft.

Oil is at its end.

Alternative energy and shale oil makes this whole enterprise less rewarding.

The rainy days we spoke about yet you wouldn't listen.

danjumakolo:


And u hypermyomic?

contigiency:


Thanks for the that, I appreciate.

Modarun:
Thats good, Buhari is doing a great job and laying strong foundation. All this looting comoanies are chased out so that clean and serious Tinubu, Elrufai and Abba kyari oil companies can take over from them. Buhari is laying a solid foundation for Nigeria future.

SarkinYarki:

But they are increasing their investments in Qatar . Is GSKs exit also about shale ? is Nestle leaving because of shale and renewable energy ? Accept Buhari has failed and now apart from being an economic failure he is also known as a shameless electoral thief who has been conducting election for not than 2 months all in a bid to rig and steal the vote of the people . Even Jonathan we called clueless delivered a far better electoral experience

sogodihno:


u are a fool, u wish bad things happen to Nigeria, just to convince some set of people? bad things will befall u all. u will b ibo like that o, useless people.

PerfectlyPerfect:

There are more than 40 components that can be refined from crude oil and more are undiscovered. Even if we stop using petrol and diesel fo vehicles, there are lots of other uses that'll make crude valuable for years to come.
And don't say people are daft while obviously, you're also ignorant

tempest01:


Hmm does Exxon have onshore assets? Not much I think ( if they do)

Except they are discarding their processing and custody transfer assets.

Cletus77:
We need more of these to convince BMC that APC and Buhari is a total failure

Optimist88:
As much as I will accept some of your points here, you still lack online courtesy based on your first comment! Believing any company will find oil business less attractive in Nigeria is still out of right thinking!

PerfectlyPerfect:

There are more than 40 components that can be refined from crude oil and more are undiscovered. Even if we stop using petrol and diesel fo vehicles, there are lots of other uses that'll make crude valuable for years to come.
And don't say people are daft while obviously, you're also ignorant

fairfora:
just OML? I laaaaaf. You no dey this country. Just 11 oilfields? Na Ghana you dey

chloride6:


Most of Exxon's assets are shallow water and onshore..

Deep Offshore is the future...

Expect more FPSO soon...

Besides I have my suspicions...

Exxon want to be ready to enter the Refinering Business before Dangote grabs too much of a foot hold..

and they are going to need a bucket load of cash for it...

tempest01:


Are you postulating or you are saying facts? As someone that's from Exxon community and has worked in their facilities onshore and offshore, I put it to you, that most if not all of Exxon's production activity in Nigeria is offshore.

Except they are selling production rights to assets that have not been developed onshore

ednut1:
Before you blame Buhari kindly note that the future is not oil

Jiang:


The way Nigerians quickly adapt to situation eh...even if the whole world is nuked, I assure you 80% of Nigerian will survive & pretend it never happened

chloride6:



Not deep offshore...

Usan and Erha are their major deep offshore platforms for now...

nextstep:
Not sure what the hysteria is about. One one hand, yes ExxonMobil might be planning to leave, which is indicative of its loss of confidence in our economy.

However, there a several things to mind:

1. it plans to sell its assets, meaning others are willing to buy those assets. In other words, the sum total of business and employment may not change much, just ownership. Ideally these will be Nigerian owned, which I can only welcome.

2. there is a HUGE refinery coming online (i.e. Dangote) which will seriously hamper their profits. Better for them to redeploy their business to other places where they have competitive advantage.

3. businesses enter and exit countries for their own interests, and are the true beneficiaries from the economy, so I don't mourn their loss, especially since the majority of profit is exported back to their home country

GavelSlam:


Obviuously, you are an ignoramus.

My last response to you.

GavelSlam:


You guys live in the past I swear.

My courtesy is thrown out of the window when I see ignorance being shared like facts by a host of blockheads.

ikorodureporta:


According to Reuters, quoting industry and banking sources, the company has held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in U.S. shale and Guyana.