₦airaland Forum

I smell ........... .

donchuky:
you got it wrong. all joint ventures operation are shared 45 and 55. Now out of the 45% for the Exxon, Esso has 56.25 and shell has 43.75 while the Fed gov 55% is intact.

Thanks

EbolaParasite:
Olodo. There is a difference between working interest and net revenue interest. Also the production sharing agreement in Nigeria ensures that the government will get carried.
If NNPC is a working interest owner, then they essentially will have to pay their own share of all the drilling and production costs.

Oloorun ebola. Your head is correct

davide470:
The contract existing is a PSA (Petroleum Sharing Agreement). Read up on it.

I know of PSC (production sharing contract) and PSA ( production sharing agreement), which one is petroleum sharing agreement again?

Production sharing agreements are a common type of contract signed between a government and a resource extraction company (or group of companies) concerning how much of the resource (usually oil) extracted from the country each will receive.

The oil company bears the mineral and financial risk of the initiative and explores, develops and ultimately produces the field as required. When successful, the company is permitted to use the money from produced oil to recover capital and operational expenditures, known as "cost oil". The remaining money is known as "profit oil", and is split between the government and the company, typically at a rate of about 80% for the government, 20% for the company.

From the article Esso has 56.75 while she'll owns the remaining 43.75. Government(NNPC) owns what percentage?

Would like to know more about this petroleum sharing agreement you're talking about. I Googled, could not find anything on it.

Esso Exploration and Production Nigeria Limited holds a 56.25 percent interest in Erha North Phase 2, while Shell Nigeria Exploration and Production Company holds the remaining 43.75


Anyway, since kachichuwkwu became GMD of NNPC, I noticed mobil has been in the news of late.

Alright

Overpriced lekki - ikoyi link bridge(1.3km) - 29billion naira.

2nd Niger bridge (1.7km) - 117 billion naira.

Using the over priced lekki - ikoyi link bridge as reference, the 2nd Niger bridge should be overpriced at 37.9 billion naira.

And federal government is to pay 30billlion naira,meaning the contractor will just support with 7.9billion naira for the project and they will still collect toll for 25years.

117 - 37.9 = 79.1 billion naira to be stolen by the corrupt elements in jonathan's government.

May Almighty Allah forgive those who lost their lives and grant them Aljanna firdaus. Amin.

That's approximately 50 million naira each .

See gobe

Femi na scammer

Last week, he accused some marketers of selling DPK ( dual purpose kerosene) to aviation companies because they were encroaching on his share of the market. claiming saint.

This week he's selling HHK (household kerosene)@50naira and calling it buhari's kerosene.

Baba will still probe you.

North dragging itself backwards not nigeria

Na this kain guy women dey like

With the mind of the virgina

Gerrarahere mehn

Not for the faint hearted

Nigerdock has gone to the dogs.

Sai Baba

El rufai = junior PMB

thormywa:
Ehehn, so u team leads can now look for work. The gullible staffs of gbenga adebayo

Cc: nenergy
Shenney

God created Adam and EVE
Abraham and his wives
Solomon and his wives + concubines etc

My personal belief is that polygamy is a selfish act carried out by insecure men who don't know what they want and wish to have their cake too.

Which means Her great grand father that practiced polygamy is selfish, insecure and didn't know what he wanted

Wait for 30days. If the bank does not contact you. The money should be used judiciously by you .

POLICY:
Anything below 200k contact the bank and return it.

Anything above 1million don't even bother

I have no regrets, because these young girls will ask for airtime and on sending it, they will not even call you, all they do is to beep. All they do is beg!" he said


The suppose addd visa as one the reasons.


LadyF

[quote

Fayose also reiterated his decision to make all private nursery, primary and secondary schools in the state pay newly-imposed taxes before resumption by middle of September.

Each of the private schools is expected to pay N150,000 into government coffers before reopening for the new academic session.[/quote]I like this

See fash, my man.

Ooh boy . Can't touch this

Good 1

Most laides would not say anything good about polygamy.

Watch them skip adultery a grievous sin.

Ambo ti de