Stats: 3,190,497 members, 7,940,889 topics. Date: Thursday, 05 September 2024 at 01:27 PM |
Nairaland Forum / Nairaland / General / Politics / How North Cornered 80% Nigeria's Oil Blocs (6499 Views)
APC Leaders And Blocs In Fierce Battle Over Buhari's Ministerial List / The Real Owners Of Oil Blocs In Nigeria - Southerners & Niger Delta Top . / Kenya Offers Oil Blocs To Nigerian Investors (2) (3) (4)
How North Cornered 80% Nigeria's Oil Blocs by Mekky2010: 8:48pm On Mar 09, 2012 |
How North cornered Nigeria's oil blocs • Revealed: 80% of ownership of the nation's oil reserves is in the hands of some influential northerners • North, South-South in battle royale over oil Written by Donald Ojogo, Regional Editor, South-South/South-East Friday, March 9, 2012 Tension over the allocation of Nigeria's oil wealth among the states of the federation is assuming an interesting dimension with key figures in the South-South taking on the North over its recent call for a fiscal redress. The North, through the Arewa Consultative Forum (ACF) appears set its goal of changing the revenue allocation formular in its favour while the South-South described such calls as idle and insulting.One of the Niger Delta leaders even said the North is ungrateful to the South. advertisement ACF's spokesman, Anthony Sani spoke with The Friday Edition declaring that the South cannot describe the north lasy because there is no diligence involved in having crude oil under ones soil. Beneath the cross fire between the North and the South is the issue of who has juicy oil blocs in his kitty. The Friday Edition serves available details of owners of the multi billion naira oil blocs which insiders described as just a tip of the iceberg. Unknown to many, more than eighty percent of ownership of the nation's oil reserves is in the hands of some influential northerners who acquired marginal fields, Oil Mining Licenses (OML) and Oil Prospecting Licenses (OPL). Curiously, such acquisitions were under the different military regimes of Generals Ibrahim Babangida (rtd), the late Sani Abacha as well as Nigeria's last military leader, Abdusalami Abubakar. This discovery is coming on the heels of the brickbat between the South-South and the North over the propriety or otherwise of the review of the revenue sharing formula which the later alleged was unduly advantageous to the former. Governor Babangida Aliyu of Niger state, had, penultimate week, called for equality in the sharing of oil revenue accruing to the oil-producing states, saying it posed a big disadvantage to those without oil. The position of the Chairman of the Northern Governors' Forum had barely settled when Governors Rotimi Amaechi(Rivers), Emmanuel Uduaghan(Delta), Olusegun Mimiko(Ondo), Theodore Orji(Abia) and federal lawmakers from oil-producing states expressed their dismay at the outburst. The debate had continued to take a new dimension in the last one week. But Nigerian Tribune's investigations showed that most of the oil and gas prospects had long been conceded to a particular section of the country. According to documents exclusively obtained by the Nigerian Tribune, most of those to whom the nation's juicy oil reserves have been conceded are individually richer than some African oil-producers such as Ghana and Sudan. For instance, Cavendish Petroleum, the operators of OML 110 - with good yielding OBE field was awarded to Alhaji Mai Deribe - the Borno patriarch, by General Sani Abacha on the 8th of July, 1996. OML 110 has a proven oil reserve in excess of 500 million barrels (more than the entire 300milliom barrels reserve of Sudan) with capacity to produce about 120,000 barrels of crude oil daily from its OBE 4 and OBE 5 wells. At current production levels, the Mai Deribes net an average of N4billion monthly in crude oil sales (using oil price estimates of $100 p/b). Deribe, even in death is the richest man in the history of Borno state today. Another major partaker in the oil and gas sector is Mallam (Prince) Sanusi Lamido, a cousin of the Central Bank Governor, who is a key shareholder and director in Seplat/Platform Petroleum, operators of the Asuokpu/Umutu Marginal Field with a capacity of 300,000 barrels monthly and 30mmfcsd gas plant capable of feeding 100MT of LPG. But the oldest of all northern-backed oil and gas concerns is South Atlantic Petroleum Limited (SAPETRO). South Atlantic Petroleum (SAPETRO) is a Nigerian Oil Exploration and Production Company that was established in 1995 by General T. Y. Danjuma, who is also the Chairman of ENI Nigeria Limited. General Sani Abacha awarded the Oil Prospecting License (OPL) 246 to SAPETRO in February 1998. The block covers a total area of 2,590km2 (1,000 sq. miles). SAPETRO partnered with Total Upstream Nigeria Ltd (TUPNI) and Brasoil Oil Services Company Nigeria Ltd to start prospecting on OPL246. Akpo, a condensate field was discovered in April 2000 with the drilling of the first exploration well (Akpo 1) on the block. Other discoveries made on OPL 246 include the Egina Main, Egina South, Preowei and Kuro (Kuro was suspended as a dry gas/minor oil discovery). But in June 2006, SAPETRO divested part of its contractor rights and obligations to China National Offshore Oil Corporation (CNOOC) for $1 billion (N160bn). Akpo exports about 230,000 barrels of condensate daily. Condensate export is not regulated by OPEC, so SAPETRO/TOTAL exports as much as possible each day. Egina exports about 75,000 barrels of oil daily. Akpo and Egina therefore, export over 300,000 barrels of oil/condensate daily (three times what Ghana currently exports). Out of this volume, SAPETRO gets 25 per cent which, however, excludes the gas component that is about 2.5 trillion cubic feet. Operators of OML 112 and OML 117, AMNI International Petroleum and Development Company, is owned by Alhaji (Colonel) Sani Bello from Kontagora, Niger State. In the production-sharing contract, AMNI gets 60 per cent for owning the oil block and Total gets 40 per cent for providing technical advice. Although OML 112 was awarded on 12 February, 1998 and OML 117 on 4 August, 1999, all by former Head of State, General Abdulsalami Abubakar whose eldest daughter is married to Bello's son, Abu, operations did not start on both blocks until 26 February, 2006. Both licenses are due to expire on 11 February, 2018 and 5 August, 2019 respectively. AMNI produces twice as much as Cavendish Petroleum. Nonetheless, a Former Petroleum minister, (names withheld), another Fulani multi-millionaire with fronted controlling holdings in Afren, manages AMNI oil blocks and with very key interest in the NNPC/Vitol trading deal. Vitol is a London based oil trading company. Vitol, which lifts 350,000 barrels of crude oil daily from Nigeria is owned by the former minister. The Okoro and Setu fields in OML 112 with about 50 million barrels in reserve, operated by Afren Energy, currently rake in below 20,000 barrels per day in exports. Similarly, there is Oriental Energy Resources Limited, a company owned by Alhaji Mohammed Indimi, a close friend of General Ibrahim Babangida. Both, apart from being from Niger state, are in-laws (IBB's first son, Mohammed is married to Yakolo, Indimi's daughter). Yakolo is a director in Oriental. Oriental Energy Resources Limited runs three oil blocks: OML 115, the Okwok field and the Ebok field. OML 115 and Okwo are OML PSC, while Ebok is an OML JV. All of them are crown offshore oil blocks. OML 115 on its own is 228 sq Km with Oriental Energy Resources Limited controlling 60 per cent while Equity Energy Resources, has 40 per cent. On Okwok, Addax has 40% and on the Ebok field, Oriental Energy Resources has 100%. Alhaji Aminu Dantata's Express Petroleum and Gas Limited floated for the purpose of winning oil block(s) on November 1, 1995, got General Abacha's approval to operate OML 108. CAMAC Houston, a company owned by Kase Lawal bought 2.5% of Express Petroleum's 60% holdings. The other 40% on OML 108 is owned by Sheba E&P Limited. As the operator of OML 108, Shebah Exploration And Production Limited (SEPCOL) has an office in Lagos but the headquarters is in Minna. SEPCOL operates the Ukpokiti offshore field in Shallow water Nigeria, which was acquired from ConocoPhillips in May 2004. The Alhaji Saleh Mohammed Jambo-owned NorthEast Petroleum Limited, registered as NorEast Petroleum, is the holder of OPL215 license, covering an area of 2,564 square kilometres in water depths between 200 to 1600 metres. NorEast, which is the parent company of Rayflosh Petroleum, was awarded the blocks OPLs 276 & 283 closing thereupon, a Joint Venture Agreement with Centrica Resources Nigeria Limited and CCC Oil and Gas. The license was awarded to him by General Ibrahim Badamosi Babangida in 1991 and then renewed in 2004 by former president, Chief Olusegun Obasanjo. It was learnt that, so far $50Million has been spent on the very promising Okpoi-1 and Egere -1 exploratory well. Intels, owned by the three families of Yar'Adua , Ado Bayero and Alhaji Abubakar Atiku is another major northern concern in the oil and gas sector. The Oil and Gas Free Zone and Oil Services Centres, as well as Support Bases operated from government-owned facilities, are leased to Intels under long-term agreements. Intels thus, runs a 'private port', as a counter venture to the Calabar, Warri and Port Harcourt ports. At the Port Harcourt's facility of the company for instance, there are over one hundred major companies. http://odili.net/news/source/2012/mar/9/601.html |
Re: How North Cornered 80% Nigeria's Oil Blocs by don33310(m): 10:59am On Mar 10, 2012 |
Injustice! Monkey dey work,bamboo dey chop. |
Re: How North Cornered 80% Nigeria's Oil Blocs by jamace(m): 2:59pm On Mar 10, 2012 |
This is very true. Yet, the north is still backward in progress. Why? |
Re: How North Cornered 80% Nigeria's Oil Blocs by bashr8: 3:54pm On Mar 10, 2012 |
just see how some southerners sold the future of their children for a a plate of rice. it will be difficult or almost impossible to recover those oil wells unless the country breaks up , but why is the north still very poor with all the wealth their elites have accumulated. 1 Like |
Re: How North Cornered 80% Nigeria's Oil Blocs by Dainfamous: 3:57pm On Mar 10, 2012 |
i cry for my SS people oooooh ![]() ![]() ![]() 1 Like |
Re: How North Cornered 80% Nigeria's Oil Blocs by Callotti: 5:04pm On Mar 10, 2012 |
Moo-moo Southerners. ![]() |
Re: How North Cornered 80% Nigeria's Oil Blocs by MeAboki(m): 6:34pm On Mar 10, 2012 |
Wow! What a bombshell and so ironic! ![]() ![]() ![]() ![]() ![]() ![]() ![]() Well, if that's true then one would wonder why Southerners, who were neither responsible for putting the oil under the ground in the first place nor subsequently for bringing it out, should have the audacity to call Northerners (who apparently are by far more responsible for producing this oil wealth) parasites and lazy. Judging from the above, then one would have to agree that the North has a genuine case for more derivation; because after all when it comes to Nigeria's oil, it seems the real owners and producers are the Northerners while the indolent and noisy remain down South - its clearly a case of the pot calling the kettle black; surely Northerners ought to have more. Meanwhile, all you greedy lazy Southern parasites should hang your heads in shame and henceforth STFU. ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() 1 Like |
Re: How North Cornered 80% Nigeria's Oil Blocs by Onlytruth(m): 7:13pm On Mar 10, 2012 |
This is part of why I sometimes get very angry when I see some people chanting "Niger delta" and "SS". See how the North cornered 80% of oil blocks and still complaining about derivation. Would that have happened if we had one eastern block? HELL NO of course. ![]() This bazaar can go on forever, depending on how our brothers to the south use their heads going forward. |
Re: How North Cornered 80% Nigeria's Oil Blocs by PROUDIGBO(m): 7:28pm On Mar 10, 2012 |
There's even one 'Okoro' Oil field controlled by a Northerner ![]() Pray, does anyone have a comprehensive list of the owners (individual/corporate) of ALL oil blocks in Nigeria, or know where to go to get said list? Just want to know if 'Federal Character' was followed in the selling/award of these assets. Or am i barking up the wrong tree here with such an expectation ![]() ![]() 1 Like |
Re: How North Cornered 80% Nigeria's Oil Blocs by NorthSharp(m): 7:29pm On Mar 10, 2012 |
The level of corruption among the Nigerian elite stinks to the high heavens; but when you add this kind of glaringly obscene nepotism and favouritism to the crass corruption, it makes it even more abominable and morally reprehensible. My prayer to the Almighty Allah is for all these oil wells that were so fraudulently acquired by these few corrupt Northern elite, and those cornered by equally corrupt elite from the other regions, to be confiscated DURING THE LIFE-TIME of these thieving, avariciously materialistic idiots; so that they would die with the full knowledge that their spoiled kids would NOT be reaping where their heartlessly corrupt fathers did not sow!. Below is one of my other posts (addressing the SS peoples) on a related thread: NorthSharp: |
Re: How North Cornered 80% Nigeria's Oil Blocs by dustydee: 7:35pm On Mar 10, 2012 |
I will like to know how they arrived at 80%. That means Northerners own 80 out of every 100 wells in Nigeria. That's hard to believe. |
Re: How North Cornered 80% Nigeria's Oil Blocs by Dainfamous: 8:00pm On Mar 10, 2012 |
northerners are drinking the oil money and they are drinking it fast ![]() ![]() |
Re: How North Cornered 80% Nigeria's Oil Blocs by Uche2005: 8:08pm On Mar 10, 2012 |
how this did happen. |
Re: How North Cornered 80% Nigeria's Oil Blocs by Onlytruth(m): 8:20pm On Mar 10, 2012 |
Uche2005: It happened during military rule. Such things can only happen during dictatorships. If I were Jonathan, I would declare martial law, sack the national assembly and rule by decree for the rest of my term until all these thefts are corrected. The North now believe in democracy because they have completed all their schemes during military rule. ![]() 1 Like |
Re: How North Cornered 80% Nigeria's Oil Blocs by PointB: 1:37pm On Mar 11, 2012 |
Wow 80%! Aboki is a sharp guy! Just tell them Igbos are trying to steal your oil and land and everyone surrenders such to the 'honest' Aboki. Wonderful! 1 Like |
Re: How North Cornered 80% Nigeria's Oil Blocs by PointB: 3:54pm On Mar 11, 2012 |
Wow 80%! Aboki is a sharp guy! Just tell them Igbos are trying to steal your oil and land and everyone surrenders such to the 'honest' Aboki. Wonderful! 1 Like |
Re: How North Cornered 80% Nigeria's Oil Blocs by PointB: 3:56pm On Mar 11, 2012 |
Wow 80%! Aboki is a sharp guy! Just tell them Igbos are trying to steal your oil and land and everyone surrenders such to the 'honest' Aboki. Wonderful! |
Re: How North Cornered 80% Nigeria's Oil Blocs by Gayigaskia(m): 4:34pm On Mar 11, 2012 |
Lets be honest here, does this articles describing 90% of Nigeria's oil blocks or 90% of oil blocks owned by northerners. |
Re: How North Cornered 80% Nigeria's Oil Blocs by cashmentor(m): 4:37pm On Mar 11, 2012 |
And yet, most folks out here still think that Northerners are Blockheaded, Dumb, Illitrates, Foolish and Undiplomatic! This just got me Madder and Angrier.... North Sucks Big Time! And South; hmmm! Greedy Old Elders sold Us over long long ago with Bottles of Hot and Cow Boy Hats! |
Re: How North Cornered 80% Nigeria's Oil Blocs by leon25aug: 5:36pm On Apr 04, 2012 |
the SS ppl.sold out dureing the civil war. Ntoooh to dem. Foools |
Re: How North Cornered 80% Nigeria's Oil Blocs by PROUDIGBO(m): 9:04pm On Apr 04, 2012 |
cashmentor: And yet, most folks out here still think that Northerners are Blockheaded, Dumb, Illitrates, Foolish and Undiplomatic! This just got me Madder and Angrier.... North Sucks Big Time! And South; hmmm! Greedy Old Elders sold Us over long long ago with Bottles of Hot and Cow Boy Hats! ^^^The old farts got what they wanted, so i don't think they'll be complaining. Their oyel is now in safe hands, away from those 'greedy' Igbos, and their lot is better than it ever was in the 60's ![]() Poetic justice!!! |
Re: How North Cornered 80% Nigeria's Oil Blocs by Nobody: 10:39pm On Apr 04, 2012 |
you see what "SS" has done -basically open the backdoor to the enemy to come in and corner the wealth of the east if they don't recover those oil blocks, after jonathan, it will never be recovered again |
Re: How North Cornered 80% Nigeria's Oil Blocs by vedaxcool(m): 11:12pm On Apr 04, 2012 |
a lot of informations contained in the article are false, first lets assumes that indeed 80% of the oil blocks were in fact connered by the north, how does some few individuals doing their own business now represent the north? do the money they get go to northern accounts? I believe the mere fact that we all were in school should be enough reason to make sensible deductions take again teh claims that intel runs it own port again that is another fattened lie, as the port was actually concessioned to intel, read more refutation to the lies here
http://dailytrust.com.ng/index.php?option=com_content&view=article&id=157412:alabo-georges-violence-against-facts&catid=6:daily-columns&Itemid=6 |
Re: How North Cornered 80% Nigeria's Oil Blocs by vedaxcool(m): 11:17pm On Apr 04, 2012 |
[b]In the first part of this write-up, I pointed out Alabo-George’s fantastic false claims central to which is that the North-East geopolitical zone of this country (which in his ignorance includes Kano, Niger, Katsina, and Plateau states!) “rake in more oil money (from the Niger Delta) individually than any Niger Delta state, and collectively more than twice the entire Niger Delta put together. Also, that 80% of crude oil and gas produced by indigenous companies is controlled by the North-East.” I base my scepticism on this simple fact; Nigeria’s total production per day averaged 2,454,913 barrels in 2010, with NNPC Joint Ventures, Production Sharing and others arrangements accounting for over 94%. How could the 10 or so companies with some “northern” ownership, who together with several others, operating within the balance of six per cent ran by Independent (Sole Risk) and Marginal Fields operators manage to achieve the feat claimed by him? http://dailytrust.com.ng/index.php?option=com_content&view=article&id=158003:alabo-georges-violence-against-facts-ii&catid=6:daily-columns&Itemid=6 |
(1) (Reply)
Nigerians Can't Have Free Potable Water- Minister / Insurgents Not In Control Of Any Nigerian Territory, Buratai Insists / HEDA Asks ICPC To Probe Bashir Ahmad For ‘Receiving Salaries’ After Resigning
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 83 |