One of the major oil companies in Nigeria, Chevron, has concluded plans to sell its stake in two Nigerian shallow water oil blocks, Nigerian Tribune has reliably gathered.
The company becomes the latest International Oil Company (IOC) to dispose of its assets in the country.
The affected blocks that are up for grabs are Oil Mining Licence (OML) 83 and OML 85 which hold a combined estimated barrels of over 200 million barrels of oil and an undisclosed amount of natural gas.
According to a source within the company, “as part of a continuous process of portfolio evaluation and business prioritisation, Chevron Nigeria Limited has put forward its interests in two oil mining leases for auction. The assets are located in the shallow waters.”
The source did not give details of reserves. The combined assets is worth over $40 billion. Chevron owns a 40 per cent stake in 13 shallow water blocks in partnership with the Nigerian National Petroleum Corporation (NNPC) and it has several deep offshore assets.
Now she is shipping out, and has been doing so for the last couple of years, after eroding the Niger Delta, she is set to leave the land barren and empty. Some foolish dude will buy this almost empty block and think they buying gold. This is the rape of the Niger Delta. Must we allow this guys go like that after all the mess they are yet to clean up?
The company becomes the latest International Oil Company (IOC) to dispose of its assets in the country.
The affected blocks that are up for grabs are Oil Mining Licence (OML) 83 and OML 85 which hold a combined estimated barrels of over 200 million barrels of oil and an undisclosed amount of natural gas.
According to a source within the company, “as part of a continuous process of portfolio evaluation and business prioritisation, Chevron Nigeria Limited has put forward its interests in two oil mining leases for auction. The assets are located in the shallow waters.”
The source did not give details of reserves. The combined assets is worth over $40 billion. Chevron owns a 40 per cent stake in 13 shallow water blocks in partnership with the Nigerian National Petroleum Corporation (NNPC) and it has several deep offshore assets.
Now she is shipping out, and has been doing so for the last couple of years, after eroding the Niger Delta, she is set to leave the land barren and empty. Some foolish dude will buy this almost empty block and think they buying gold. This is the rape of the Niger Delta. Must we allow this guys go like that after all the mess they are yet to clean up?
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