NewStats: 3,262,631 , 8,177,731 topics. Date: Tuesday, 03 June 2025 at 05:54 AM 2m6n6m

bigpicture001:
This will expire in tinubu's tenure..? We don die... Tinubu has unquenchable thirst for never ending wealth.. he will allocate more than 10 to himself using proxy then the rest to his Yoruba kinsmen.....

baba....be like you sabi that man too well!!.......More sources of income to be owned,
More money to be cornered...
More people to be bought over as followers.....

Tochi3:


..yes..dealing with stipend grabbers lols..

Thank Tpain for that,longer may your suffering continue

bigpicture001:
This will expire in tinubu's tenure..? We don die... Tinubu has unquenchable thirst for never ending wealth.. he will allocate more than 10 to himself using proxy then the rest to his Yoruba kinsmen.....

This has nothing to do with Tinubu. It is the law


Secondly, the author doesn't seem to know the difference between OPL AND OML


The don subsidised his ignorance, anyways


Opl is not guaranteed investment...you go with borrowed funds to be drilling the earth and praying that you find oil and in commercial quantities...if that doesn't happened.... you are depth


If you find oil, you then apply for oml



The reason the majority of licensed opl dont do anything is funding ..no single bank can under write such risk and international oil companies are not into marginal fields developments


Tinubu , if he wants more oil licenses will go straight for oml and the big ticket ones not marginal fields that the products are carried with trucks to dump sites

tinubu's cash out period is here

GodPunishOsu:



Thank Tpain for that,longer may your suffering continue

..yes..May your worthless stipends continue..insha allah..

Tochi3:


..yes..May your worthless stipends continue..insha allah..

Tpain is dealing with your Osu brain seriously

GodPunishOsu:



Tpain is dealing with your Osu brain seriously

..the dealing pain you..sotey you have to cry about osu..

..your messiah give you stipends..Go snatch it..

Gboom:

Baba to ba se pe eyin le wa n be, se e ni r'oko s'odo ara yin ni fa

Ko da tan ba fun were loko, a roko so odo ara re.

2027 may be won and lost here

Rather than getting scammed here. Let all of us money to acquire one block. The return we will make in two years will make the six hundred hundred or more of us billionaires.

tunapawizzy:
tinubu's cash out period is here

For something that majority of the holders didn't do jack with?

Opl ,in a marginal field ....not oml


And you borrow billions and drill and not find commercially viable quantities..what do you


Some of them have gone there with improved technology, done soil test and come to the conclusion that it is not worth it

Tochi3:


..the dealing pain you..sotey you have to cry about osu..

..your messiah give you stipends..Go snatch it..

E no concern me,wetin concern me nah the suffering wey Tpain dey give una.

GodPunishOsu:



E no concern me,wetin concern me nah the suffering wey Tpain dey give una.

..on your stipend grabber mandate you must stand..

..yes e no concern stipend grabbers..what clownish..

Tochi3:


..on your stipend grabber mandate you must stand..

..yes e no concern stipend grabbers..what clownish..

E give me joy sey Tpain dey give you and your people wotowoto

Nodogragra4me:




For something that majority of the holders didn't do jack with?

Opl ,in a marginal field ....not oml


And you borrow billions and drill and not find commercially viable quantities..what do you


Some of them have gone there with improved technology, done soil test and come to the conclusion that it is not worth it

Alakija got opl in a marginal in 1993, na several years later e turn magic. It was a worse than a marginal field, IOCs did not want it.
In 2025, Business men will drop any kind of kickback or gift to either retain the marginal fields or have it reallocated to them. In 2025 people buying marginal fields are not the alakija's of 1993, they are wealthy billionaires and millionaires in dollars who do not mind taking a chance, even if it is the generation after them or beyond that will benefit it.

iwaeda:


https://punchng.com/40-oil-block-licences-to-expire-in-june-report/

Tinubu’s corrupt prick will be rising and nodding like agama lizard to this news

Dalohad:
Which of the Oil fields were allocated to Odua' Oil.

I wan check something..

Did you read this? Say the truth.

GodPunishOsu:



E give me joy sey Tpain dey give you and your people wotowoto

.ba"ti"fied"..it will favour me & my family..

iwaeda:


https://punchng.com/40-oil-block-licences-to-expire-in-june-report/

The financial commitments required to keep these blocks, under the requirements of the PIA, are too heavy, even with the Consortiums formed.

Oil business is denominated in US dollars but most of these companies are only liquid in naira.

tunapawizzy:

Alakija got opl in a marginal in 1993, na several years later e turn magic. It was a worse than a marginal field, IOCs did not want it.
In 2025, Business men will drop any kind of kickback or gift to either retain the marginal fields or have it reallocated to them. In 2025 people buying marginal fields are not the alakija's of 1993, they are wealthy billionaires and millionaires in dollars who do not mind taking a chance, even if it is the generation after them or beyond that will benefit it.

Since the g into law of the PIA in 2021 Marginal fields no longer exist. They are converted to PMLs.

Sai Tinubu
2027 so saai

Tochi3:


.ba"ti"fied"..it will favour me & my family..

As e dey pain you e dey sweet us

Tinubu is a master strategist,Perfect timing to be the president,everything in life is all about calculation,if you guy really think deep,you will know the meaning of emilokan.allocations must change hands

It is time for me to acquire one ..how much is one?

GodPunishOsu:



As e dey pain you e dey sweet us

..bati"f"ied pain for stipends grabbers..

Tochi3:


..bati"f"ied pain for stipends grabbers..

E pain Ohu sey Tpain dey deal with them

GodPunishOsu:


E pain Ohu sey Tpain dey deal with them

..u know get talk..

..yout messiah Thief'nubu..don use u stipends grabbers..

.."it will favour you & your family..?

tunapawizzy:

Alakija got opl in a marginal in 1993, na several years later e turn magic. It was a worse than a marginal field, IOCs did not want it.
In 2025, Business men will drop any kind of kickback or gift to either retain the marginal fields or have it reallocated to them. In 2025 people buying marginal fields are not the alakija's of 1993, they are wealthy billionaires and millionaires in dollars who do not mind taking a chance, even if it is the generation after them or beyond that will benefit it.

Oga, IBB started the local award of oil licenses in 1991 and the price tag was deliberately set low for 1.5 million dollars. Before then only Dubri oil was the Nigerian controlled firm in Exploration and Production

That Mrs Alakija struck gold was entirely heaven being on her side. There was no data that proved the reserves and even the government had called IOCs to go into the Agbami field for nothing but they turned it down

Texaco that patnered her has visited DPR looking for opl right owners to partner and were direct to her and the rest is history. The discovery became the second largest deep water field after Bonga in Nigeria


Off all the persons that got this license in the first round in 1991 how many are still holding on to it? To renew a supposed asset that you have not made a penny from cost over 100m dollar
today



In the article,it is stated that only about five firms have begun anything on their field










There are not too many IOCs that wants OPL. They all pay half a billion dollars to be part of OML

Nodogragra4me:



Oga, IBB started the local award of oil licenses in 1991 and the price tag was deliberately set low for 1.5 million dollars. Before then only Dubri oil was the Nigerian controlled firm in Exploration and Production

That Mrs Alakija struck gold was entirely heaven being on her side. There was no data that proved the reserves and even the government had called IOCs to go into the Agbami field for nothing but they turned it down

Texaco that patnered her has visited DPR looking for opl right owners to partner and were direct to her and the rest is history. The discovery became the second largest deep water field after Bonga in Nigeria


Off all the persons that got this license in the first round in 1991 how many are still holding on to it? To renew a supposed asset that you have not made a penny from cost over 100m dollar
today



In the article,it is stated that only about five firms have begun anything on their field


There are not too many IOCs that wants OPL. They all pay half a billion dollars to be part of OML

You are the ONLY one on this thread aside from myself who made sense and CLEARLY know the history of the involvement of Nigerian investors in the very risky deep offshore oil blocks right from 1991 (with the Dr. Mike Adenuga, High Chief Lulu Briggs of Moni Pulo, Mrs. Alakija and her Famfa Oil, Arthur Eze, and more, being major beneficiaries).

The other posters here are just largely derailing the thread and cursing. The level of intellectual thinking is very low among these younger posters here and I totally agree with the 'Nola, the very brilliant Epe-born founder of Veritasi Homes (who himself is a young man in his early to mid-30s) that the younger generation are far WORSE in character and intellect than the older generation who they always condemn... He bluntly told 'Tayo Aina that damning truth about the youths in Tayo's YouTube video interview with him on the real estate sector in 2023.