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FG Awards Oil Block License To Ondo For Bitumen Exploration - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG Awards Oil Block License To Ondo For Bitumen Exploration (20044 Views)

Ondo State Set To Begin Bitumen Exploration / FG Earned N1.662trn From Oil Block License Renewals, Royalties In One Year / FG Awards N206bn Contract For Main Work Of Second Niger Bridge (2) (3) (4)

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Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by xnsandrxns: 7:31pm On Jul 18, 2017
freshvine:
Let's be clear... It should be bitumen licence not oil licence. Any attempt or attempted attempt to increase Ondo derivative through any ficticious ponzi scheme will be met with resistance.
Dumbo
Ondo state produces more than one-tenth of Nigeria's oil
Stop hating

9 Likes

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by brownhawk: 7:34pm On Jul 18, 2017
nnokwa042:
no be only 12% ole onye oshi
oil in other regions dey pain u eastern bastardds why?

4 Likes

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by IHEJIRIKAisBOKO: 7:36pm On Jul 18, 2017
brownhawk:
oil in other regions dey pain u eastern bastardds why?
Because the south east is unproductive, gulley eroded, landlocked, red muded, and erosion ravaged. Why he no go pain dem?

5 Likes

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by mike4real2(m): 7:57pm On Jul 18, 2017
Chai so Nigeria spends biliions to import its alsphalt i cant believe this, when we have bitumen deposites if you travell to some parts of ondo state you will see bitumen coming and driping out of the ground. In the aboundance of water the fool is always thirsty -- Bob marley.

3 Likes

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by BiafraIShere(m): 7:57pm On Jul 18, 2017
Nigerians like cheap rhetorics that ends on paper. Hear him, ondo has one of the longest coastlines in Africa! Why do supposed educated people keep making this ridiculous & stvpid statement? Does it even make sense, is ondo now a country on its own? If it is, does it now have longer coastline than Senegal, Ghana, Ivory Coast, Libya, Egypt, S.Africa, Angola etc? Did they just discover the bitumen? What about several other licences granted in the past? Ondo generates 12% of crude oil? What is the business of NDDC in constructing roads that traverses Ogun & Lagos, are they oil producing states? I know the long suffering & gullible people of his state will be dancing when the governor was busy reeling out all those beautiful nonsense thinking their state was about to become Dubai. Mr governor, talk is cheap so wake us up when you've done just 25% of all those propaganda rhetorics. Next please!

1 Like 1 Share

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by Justiceleague1: 7:59pm On Jul 18, 2017
Jetleeee:
The number of times they've granted this bitumen exploration license ehn. grin

Anyway, we dey watch

chattaap dia! Ur masters,Gambari,must give the go-ahea b4 coHD structures can do anything grin
4now keep watching.
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by ipodstinks: 8:03pm On Jul 18, 2017
freshvine:
Let's be clear... It should be bitumen licence not oil licence. Any attempt or attempted attempt to increase Ondo derivative through any ficticious ponzi scheme will be met with resistance.
No be only resistance, you go use capacitance or inductance.

3 Likes

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by zephry(m): 8:07pm On Jul 18, 2017
anoda potential site for grave pollution of farmlands
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by Godfullsam(m): 8:17pm On Jul 18, 2017
Proudly omo Ondo

2 Likes 1 Share

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by salford1: 8:17pm On Jul 18, 2017
soflygerian:
Oil yes, but heavy oil, that means probably 70-85% bitumen constituent...

Yes..bitumen(a form of heavy crude oil) can be further refined to conventional crude oil....


freshvine:



If it's ain't crude oil it ain't it. Bitumen is bitumen, crude is crude.

Oh now I know that Coal in enugu is also oil

Olodo...Bitume is crude.
Canada is regarded as one of the largest producers of crude oil in the world because of its large deposit of bitumen.

6 Likes 1 Share

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by tit(f): 8:20pm On Jul 18, 2017
Jetleeee:
The number of times they've granted this bitumen exploration license ehn. grin

Anyway, we dey watch

THEM THINK SAY NA MOI-MOI
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by Basic123: 8:50pm On Jul 18, 2017
Ondo bitumen to kick off with 10,000 barrel per day ON April 21, 2016 12:11 AM / IN News / BY Femi Ajasa / Comments

By Dayo Johnson Akure —THE exploration of Bitumen in Ondo state will kick off with 10,000 barrel per day as the state government has signed a joint Operating Agreement (JOA) with an American firm, Liquefied Resources on the exploration and extraction of the commodity.

www.vanguardngr.com/2016/04/ondo-bitumen-kick-off-10000-barrel-per-day/

THAT WAS THE SAME NEWS IN 2016,NOTHING HAS BEEN DONE SINCE!

NIGERIAN LEADERS GET SWEET MOUTH.
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by deebsman1(m): 9:13pm On Jul 18, 2017
Keneking:
But where is lalasticlala sef undecided

"Ondo State as one of the nine oil and gas producing states has abundant oil and gas reserves that remain undeveloped, even though we produce about 12 % of the daily oil production in the country."

Only 12% - ?All That Is

Base on over statics that the country produces over 2m barrels daily, over 12% means over 200k daily output from Ondo. Now looking at the revenue side, that's at average of $50 per barrel that's more than $10m daily revenue and yet extraction from that alone is still at it's very minimal, less than 20% of what they are capable of doing. And even if you have 11 states producing oil and 1 state is doing more than 10% of collective output, my Broda its something.

There's big hope with Ondo, Yoruba nation won't suffer cum what may.

1 Like

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by deebsman1(m): 9:14pm On Jul 18, 2017
Keneking:
But where is lalasticlala sef undecided

"Ondo State as one of the nine oil and gas producing states has abundant oil and gas reserves that remain undeveloped, even though we produce about 12 % of the daily oil production in the country."

Only 12% - ?All That Is

Base on stated statics that the country produces over 2m barrels daily, over 12% means over 200k daily output from Ondo. Now looking at the revenue side, that's at average of $50 per barrel that's more than $10m daily revenue and yet extraction from that alone is still at it's still at its very minimal, less than 20% of what ondo is capable of producing. And even if you have 11 states producing oil and 1 state is doing more than 10% of collective output, my Broda its something.

There's big hope on Ondo for the Yoruba nation.Yoruba won't suffer cum what may.

And this bitumen is another icing ooo

3 Likes 1 Share

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by DeLaRue: 9:26pm On Jul 18, 2017
It will be several years yet, may be decades, before the bitumen in Ondo state will be mined. The cost of mining it is so high, it's simply not viable presently.

As for the coastal road to Lagos, and all the so-called free trade zone by the coast... it's all pie in the sky. These projects are unlikely to take off.

Instead of unattainable big-ticket projects like these, the government should focus on smaller, more realistic & achievable projects.
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by owenseddies: 9:42pm On Jul 18, 2017
Me I need that license too o grin shocked grin shocked
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by Guestlander: 10:17pm On Jul 18, 2017
freshvine:
Let's be clear... It should be bitumen licence not oil licence. Any attempt or attempted attempt to increase Ondo derivative through any ficticious ponzi scheme will be met with resistance.

Oil sands, also known as tar sands, or more technically bituminous sands, are a type of unconventional petroleum deposit. Oil sands are either loose sands or partially consolidated sandstone containing a naturally occurring mixture of sand, clay, and water, saturated with a dense and extremely viscous form of petroleum technically referred to as bitumen (or colloquially as tar due to its superficially similar appearance)

3 Likes 1 Share

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by nnokwa042(m): 10:21pm On Jul 18, 2017
brownhawk:
oil in other regions dey pain u eastern bastardds why?
brown roof or brown hawk I will only reply u again if u get ur self nice ogbomosho tribal marks
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by soflygerian(m): 10:38pm On Jul 18, 2017
salford1:


Yes..bitumen(a form of heavy crude oil) can be further refined to conventional crude oil....




Olodo...Bitume is crude.
Canada is regarded as one of the largest producers of crude oil in the world because of its large deposit of bitumen.
conventional crude oil?? From bitumen based crude, it'll probably produce lesser percentage of the lighter HCs, hope am right?
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by Mapzone(m): 10:42pm On Jul 18, 2017
BiafraIShere:
Nigerians like cheap rhetorics that ends on paper. Hear him, ondo has one of the longest coastlines in Africa! Why do supposed educated people keep making this ridiculous & stvpid statement? Does it even make sense, is ondo now a country on its own? If it is, does it now have longer coastline than Senegal, Ghana, Ivory Coast, Libya, Egypt, S.Africa, Angola etc? Did they just discover the bitumen? What about several other licences granted in the past? Ondo generates 12% of crude oil? What is the business of NDDC in constructing roads that traverses Ogun & Lagos, are they oil producing states? I know the long suffering & gullible people of his state will be dancing when the governor was busy reeling out all those beautiful nonsense thinking their state was about to become Dubai. Mr governor, talk is cheap so wake us up when you've done just 25% of all those propaganda rhetorics. Next please!

1 Like

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by tundexijim(m): 10:43pm On Jul 18, 2017
BiafraIShere:
Nigerians like cheap rhetorics that ends on paper. Hear him, ondo has one of the longest coastlines in Africa! Why do supposed educated people keep making this ridiculous & stvpid statement? Does it even make sense, is ondo now a country on its own? If it is, does it now have longer coastline than Senegal, Ghana, Ivory Coast, Libya, Egypt, S.Africa, Angola etc? Did they just discover the bitumen? What about several other licences granted in the past? Ondo generates 12% of crude oil? What is the business of NDDC in constructing roads that traverses Ogun & Lagos, are they oil producing states? I know the long suffering & gullible people of his state will be dancing when the governor was busy reeling out all those beautiful nonsense thinking their state was about to become Dubai. Mr governor, talk is cheap so wake us up when you've done just 25% of all those propaganda rhetorics. Next please!

guy why e dey pain u na. no be one place the longest coastline in a country go dey? tallest building in the world fit dey ur backyard, does that mean ur backyard is a country....lol

6 Likes

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by brownhawk: 10:56pm On Jul 18, 2017
IHEJIRIKAisBOKO:
Because the south east is unproductive, gulley eroded, landlocked, red muded, and erosion ravaged. Why he no go pain dem?
with all that they should be behaving less like animals
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by brownhawk: 10:58pm On Jul 18, 2017
nnokwa042:
brown roof or brown hawk I will only reply u again if u get ur self nice ogbomosho tribal marks
too bad for u cos some Yorubas are bred in African and western styles. so sorry but u cant find any mark on me.

nice to meet u
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by nnokwa042(m): 11:13pm On Jul 18, 2017
brownhawk:
too bad for u cos some Yorubas are bred in African and western styles. so sorry but u cant find any mark on me.

nice to meet u
peace
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by salford1: 1:26am On Jul 19, 2017
soflygerian:
conventional crude oil?? From bitumen based crude, it'll probably produce lesser percentage of the lighter HCs, hope am right?

Lesser percentage of light HC or sweetening doesnt matter anymore. In Alberta....60% of extracted bitumen is sold directly to market, without an intermediary upgrading step (i.e 60% would be sold to refineries that do not need upgrading it to conventional crude before refining it straight to petrol, kerosine e.t.c. This is because many North American refineries are now designed to refine bitumen straight from extraction.
This is also due to the rising production of heavy crude oil from Venezuela(lots of bitumen) and Mexico.

Most Gulf Coast refineries have been modified to better handle heavier crude streams, which are generally less expensive than light/sweet crude.

Canada is currently the largest exporter of oil to the US and most of these oil are extracted from bitumen since Canada's reserve is around 95% bitumen.

3 Likes 1 Share

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by 989900: 4:33am On Jul 19, 2017
Shame on Mimiko, I hope Aketi follows up on this drive -- Ondo state should be the richest state in Nigeria after Lagos.
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by Ademoore07(m): 6:50am On Jul 19, 2017
sarrki:
Good one

Its our oyel

Shutup angry
U this ordinary vegetable lipsrsealed
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by 400billionman: 8:17am On Jul 19, 2017
If Ondo people will stop Skull mining.
They better mine Bitumen..
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by reuben79: 8:28am On Jul 19, 2017
childrens of hatrad we not like dis.......cos of there landlock
Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by expressglory: 9:23am On Jul 19, 2017
Meanwhile I saw this on facebook
"Ondo State Government signed a memorandum of understanding with an agricultural company for the planting of rice in over 5,000 hectares of land

Meanwhile our OGA for EKITI dey waka up and down for nothing. Please mention just one investor way this Government of Oga FAYOSE don bring come EKITI State since 2014 till date even if na packaging of Palm Wine"

Re: FG Awards Oil Block License To Ondo For Bitumen Exploration by BiafraIShere(m): 9:56am On Jul 19, 2017
tundexijim:


guy why e dey pain u na. no be one place the longest coastline in a country go dey? tallest building in the world fit dey ur backyard, does that mean ur backyard is a country....lol
pain me? lol, I was only disgusted by the display of ignorance in high places! What do you understand by coastline? Did the ignorant and mischievous governor say longest coastline in Nigeria or among the coastal states in Nigeria? He said longest coastline in Africa! Now does that make sense? Is ondo coastline longer than that of Togo or Benin republic talk more of bigger countries like Ghana, Ivory coast, Senegal, Cameroun, South Africa, Congo, Angola, Egypt, Morocco, Algeria, Cape Verde, Libya, Kenya, Tanzania and several other African countries? You guys can continue showing the world how stvpid and ignorant you are. SMH.

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