By Toyin Akinosho
UK Major Deals with the Nigerian Risk
Shell, the European major, was in discussion in London, UK, in the first week of December 2021 with the five companies remaining on the queue to purchase its equity in 18 Oil Mining Leases (OMLs) in Nigeria’s onshore and shallow water terrains.
The price tag to purchase this bulk is…
I hope Shell will reconcile all unpaid statutory allocation incurred during d production period from 2000 to present date.
1) unpaid NDDC 3% STATUTORY allocation of the total annual budget (0pex+capex) of producing oil and gas companies producing in d Niger Delta Nigeria. Innerted 2000.
Just as we expected NAPIMS on behalf of the NNPC to clear up all debts and pay all unremitted cash call payments to the Operator. Not to worry sir, it will all be part of the negotiations. This is normal. The Purchaser acquires all assets and liabilities.
Report is passworded, how do I get the password?
The pace of progress on this audacious venture by Shell and her stakeholders is interesting. If all good hands are on deck with a sincere heart, success will be assured for all stakeholders and inter-parties indebtedness and balancing should be the least of the worries.
We are watching and looking for how to participate!!!!!