Eruditor:


5. There were 3 solutions to the aforementioned problems. a) PSC b) Concessionaire Arrangement c) joint entity. B and C are beyond what is being discussed, so I would talk about only A.

6. PSC is a variant of the JV and it was introduced from 1991 FOR ALL NEW ACREAGES. The major disparity between it and a JV is that in the latter, FG takes 60% of the risk and expenses but in a PSC FG only comes in after the exploration exercise.

7. This implies that all the risks and expenses are shouldered by the MNC until commercial quantities of crude are discovered then FG signs a PSC with the MNC. Now you can see why that talk of 60:40 in ALL E and P activities is vacuous and false. No sensible company will give FG 60% in a PSC for example knowing that FG shouldered a lesser risk. On the flipside, no responsible FG will demand 60% in such an agreement as it would scare off investors.

8. Crude from a PSC are divided into 3 ways: i) cost oil ii) tax oil iii) profit oil.

i) is the cost the company incurred while prospecting and producing. FG lets them make their investment back.
ii) is the fraction from which the MNCs pay their taxes and royalties.
iii) is now the profit aspect of the crude and this is where FG can get a chunk, say 60% of the value.

Cummulatively, one can see that the OVERALL FGs stake cannot be 60%. Also, take note that not all MNCs or indigenous companies use a JV with NNPC. So it is very fallacious for anyone to claim that FG gets 60% of all crude produced.

hmmm...surely nnpc doesn't deserve U coz U re not only d guy after my heart...u re also special...keep it up...smiles...

Eruditor:
SomBaby, I am the who clicked 'Like' under your post.

gush!...am blushing...lol

This thread is turning into a season film, while some are arguing, some are expectant, some are viewing from the sideline, some are falling in love... Hmmm... I think I am more interested in the romance episode.... I must see the outcome

*silently feasting on information*
ok bye

I like it when people engage in intellectual discuss for the purpose of learning or impacting knowledge. However, I find it disdainful if people see such a platform as an avenue to show an order of superiority in vocabulary. I believe such people should do well to express their vocabulary expertise in literary works rather than on fellow forum members and trust me, it's a lucrative business.
Furthermore, I'm sure it has been made clear by NNPC that they have F joint venture partners and hyson and duke are definitely not amongst the six. However, hyson and duke oil are listed as subsidiaries. Having said that, I would like to state, the fact that they are subsidiaries doesn't mean they are owned by NNPC or that NNPC is their parent company. However, been a subsidiary puts them under the control of NNPC.

I like it when people engage in intellectual discuss for the purpose of learning or impacting knowledge. However, I find it disdainful if people see such a platform as an avenue to show an order of superiority in vocabulary. I believe such people should do well to express their vocabulary expertise in literary works rather than on fellow forum members and trust me, it's a lucrative business.
Furthermore, I'm sure it has been made clear by NNPC that they have 6 joint venture partners and hyson and duke are definitely not amongst the six. However, hyson and duke oil are listed as subsidiaries. Having said that, I would like to state, the fact that they are subsidiaries doesn't mean they are owned by NNPC or that NNPC is their parent company. However, been a subsidiary puts them under the control of NNPC.
Also, NNPC joint venture partnerships doesn't have a written rule that NNPC stake has to be 60%. It varies based on contractual terms with NNPC been the majority stake holder usually in a range above 50%.
Therefore people of God, for the sake of those that will be invited for interviews because anything can change between now and when they decide to continue with the process, let us stick to the information given by NNPC on their website. Doing otherwise won't make you smarter trust me.

dapsy06:
I like it when people engage in intellectual discuss for the purpose of learning or impacting knowledge. However, I find it disdainful if people see such a platform as an avenue to show an order of superiority in vocabulary. I believe such people should do well to express their vocabulary expertise in literary works rather than on fellow forum members and trust me, it's a lucrative business.
Furthermore, I'm sure it has been made clear by NNPC that they have F joint venture partners and hyson and duke are definitely not amongst the six. However, hyson and duke oil are listed as subsidiaries. Having said that, I would like to state, the fact that they are subsidiaries doesn't mean they are owned by NNPC or that NNPC is their parent company. However, been a subsidiary puts them under the control of NNPC.

yeah...well said...it all depends on how one view things...if for instance U let sbd feel superior...it implies U allowed itself to feel inferior...coz me anybody is free to air his or her view and also agree or disagree wit ppl's views.d way d person chooses to do it too I believe is also allowed...his or her diction is also welcome.


nobody can sit on my back unless I bend it.

SomBaby:
yeah...well said...it all depends on how one view things...if for instance U let sbd feel superior...it implies U allowed itself to feel inferior...coz me anybody is free to air his or her view and also agree or disagree wit ppl's views.d way d person chooses to do it too I believe is also allowed...his or her diction is also welcome.


nobody can sit on my back unless I bend it.

Point seen.... However, knowing that astute diction expression doesn't make anyone exceptional at least not to me but a very high level of accuracy based on facts and figures does. Maybe because of my background.... well that's my opinion.

*watchin dis thread in HD* Nd pls dis is nt d time for romance or fallin in luv...cos i wonda weda all dis grammer wud put food on ur table,i cnt even find most words in my ordinary oxford dictionary...*hisses in dobly digital*

I guess even if NNPC sees itself as having 'Hyson' as a subsidiary, on the other hand, Hyson sees NNPC as a partner.

I believe we should move on to other topics that would be more beneficial rather than being argumentative.

Let's try to discuss functionalities, organograms, present-day scenarios that may likely come up in an interview, group discussions or even presentations.

Eruditor, Sombaby I put u guys on d lead here!

Why the emphasis on grammar and diction. Isn't it obvious that it is his style of writing? Do you think he writes to impress you? Hell no, that guy writes that way, perhaps you should investigate his posts on other threads to confirm for yourselves.

A lot of you feel intimidated already. Believe it or not he is damn intelligent, his quality of posts and analysis is second to none. If I were you, I would tap into his wealth of knowledge and do further research.

Enough of this you speak big grammar and sound that to appear intelligent bullshit.

SomBaby:
hmmm...surely nnpc doesn't deserve U coz U re not only d guy after my heart...u re also special...keep it up...smiles...

@dapsy06, you could've simply modified the first thing you wrote instead of writing it twice and adding more words.
@uglys, I'm wondering why the ladies are the ones defending him. Inferior much?

UGLYS:
Why the emphasis on grammar and diction. Isn't it obvious that it is his style of writing? Do you think he writes to impress you? Hell no, that guy writes that way, perhaps you should investigate his posts on other threads to confirm for yourselves.

A lot of you feel intimidated already. Believe it or not he is damn intelligent, his quality of posts and analysis is second to none. If I were you, I would tap into his wealth of knowledge and do further research.

Enough of this you speak big grammar and sound that to appear intelligent bullshit.

I think a more direct critique will give room for a better correspondence.

UGLYS:
Why the emphasis on grammar and diction.

The emphasis kept the thread alive

A lot of you feel intimidated already.
.

Ehmm... who are they, I beg I need their monicker, let me lecture them

Enough of this you speak big grammar and sound that to appear intelligent bullshit.

Let them speak their mind o... Else the thread turns to grave yard

dapsy06:



I think a more direct critique will give room for a better correspondence.

My audience will get the message. If you are one of them, you already got the message.

prelinctus:
@dapsy06, you could've simply modified the first thing you wrote instead of writing it twice and adding more words.
@uglys, I'm wondering why the ladies are the ones defending him. Inferior much?

Ladies? Sombaby aint no ladies or you think uglys is a lady?

Eruditor:

I foresee a happy ending. It always does

UGLYS:


My audience will get the message. If you are one of them, you already got the message.

Now that you sounded a bit more direct, I think you either don't understand the meaning of communication in language or you simply like jabbering. If the former happens to be your case then you had better gone back to school 'cos the labour force is looking for people with good communication skills which I believe you should have learnt in school; uni, poly or whatever you attended.

Any engineer(s) in the house? let's have some more meaningful chat. I'd appreciate that. Thanks peeps.

If only big grammar or unnecessary rants can qualify one 4 NNPC job.......

Some are already basking in the adulation of their numerous fans, instead of focusing all their energy on getting d job.

SMH

dapsy06:


Now that you sounded a bit more direct, I think you either don't understand the meaning of communication in language or you simply like jabbering. If the former happens to be your case then you had better gone back to school 'cos the labour force is looking for people with good communication skills which I believe you should have learnt in school; uni, poly or whatever you attended.

Good communication skill requires good listening skill. You listened to my earlier post but not good enough. You wanted me to come direct and mention you, I don't do such except you deserve it.
So I was never direct when I said "if you are one of them, you already got the message". Pay attention to the conditional word "if". With you unwarranted rebuttal, you are definitely one of them.
Dude, I will take ya advice and go back to school, buh am going to get what will make you marvel each time I get promoted but you dont get it.

Talking about communication skills, you should be awed by how I was able to communicate with you without mentioning you. It goes to say I have excellent communication skill.
I will advise you quit your attack on me or regret ever doing so. Don't unleash the other me.

UGLYS:


Good communication skill requires good listening skill. You listened to my earlier post but not good enough. You wanted me to come direct and mention you, I don't do such except you deserve it.
So I was never direct when I said "if you are one of them, you already got the message". Pay attention to the conditional word "if". With you unwarranted rebuttal, you are definitely one of them.
Dude, I will take ya advice and go back to school, buh am going to get what will make you marvel each time I get promoted but you dont get it.

Talking about communication skills, you should be awed by how I was able to communicate with you without mentioning you. It goes to say I have excellent communication skill.
I will advise you quit your attack on me or regret ever doing so. Don't unleash the other me.

An attribute of smart people is being able to read between the lines and if after reading the first line of my msg to you in my previous post, you still think you have a good communication skill then you probably are suffering from acute dementia. Never you ever direct your unscrupulous statement at me 'cos I don't take prisoners. I will give it back to you in equal measure or even more.

dapsy06:
Any engineer(s) in the house? let's have some more meaningful chat. I'd appreciate that. Thanks peeps.

yeah, there are engineers in the house. Lets begin the chat, take ur position.

dapsy06:


An attribute of smart people is being able to read between the lines and if after reading the first line of my msg to you in my previous post, you still think you have a good communication skill then you probably are suffering from acute dementia. Never you ever direct your unscrupulous statement at me 'cos I don't take prisoners. I will give it back to you in equal measure or even more.

You are a PHILISTINE. Look it up boy, don't settle for the biblical one.

UGLYS:


You are a PHILISTINE. Look it up boy, don't settle for the biblical one.

I really don't have interest in throwing tantrums with a dogmatic-cum-pathetic ignoramus in the nature of you. Of what benefit will it be for me to engage in such with someone with a appallingly low level of intelligence quotient.
@ softrise, let's go there jor.

UGLYS:


You are a PHILISTINE. Look it up boy, don't settle for the biblical one.

I really don't have interest in throwing tantrums with a dogmatic-cum-pathetic ignoramus in the nature of you. Of what benefit will it be for me to engage in such with someone with an appallingly low level of intelligence quotient.
@ softrise, let's go there jor.

softrise:
yeah, there are engineers in the house. Lets begin the chat, take ur position.

What's your engineering discipline?

Eruditor:

@Eruditor, please in which of the NNPC subsidiaries do you think that someone who studied mechanical engineering can fit in??

dapsy06:


What's your engineering discipline?

mechanical engineering, so in which if the NNPC Subsidiaries do you think i can fit in?

softrise:
@Eruditor, please in which of the NNPC subsidiaries do you think that someone who studied mechanical engineering can fit in??

NPDC. But you'd still fit into virtually every other subsidiary.

@Softrise.....You can fit in NETCO, any of the refineries or NPDC, NGC. Are you applying as OP or ET