{"id":22140,"date":"2019-05-07T07:39:05","date_gmt":"2019-05-07T07:39:05","guid":{"rendered":"http:\/\/newsroom247.com.ng\/?p=22140"},"modified":"2019-05-07T07:41:14","modified_gmt":"2019-05-07T07:41:14","slug":"fg-announces-sales-of-niger-delta-oil-resources-to-the-highest-bidder","status":"publish","type":"post","link":"http:\/\/newsroom247.com.ng\/?p=22140","title":{"rendered":"FG announces Sales of Niger Delta Oil Resources to the Highest Bidder"},"content":{"rendered":"<p><code><iframe loading=\"lazy\" src=\"https:\/\/www.alternativeadvert.com\/show.php?z=30&amp;pl=18683&amp;ad_type=81&amp;rl=1800\" width=\"336\" height=\"280\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/code><\/p>\n<div dir=\"auto\">\n<p>The federal government has announced the outright sale of 14 out of the 42 oil block held by some international and indigenous operators which will expire this year. The outright sale instead of licences renewal is expected to boost government revenue.Thirty-five Oil Mining Leases and seven Oil Prospecting Licenses will expire at different times this year, with most of them falling due for renewal in June.<\/p>\n<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">LIST OF OIL BLOCK (OML &amp; OPL) AVAILABLE FOR OUTRIGHT SALE *<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">*OML FOR SALE WITH PRICES:*<\/div>\n<div dir=\"auto\">\u25aaOML 104 @\u00a0<span class=\"m_8123121889993518995money\">$3.5<\/span>\u00a0bn.<\/div>\n<div dir=\"auto\">\u25aaOML 115 @\u00a0<span class=\"m_8123121889993518995money\">$5.5<\/span>\u00a0bn.<\/div>\n<div dir=\"auto\">\u25aaOML 122 @ $4bn.<\/div>\n<div dir=\"auto\">\u25aaOML 62 @ $5.5bn<\/div>\n<div dir=\"auto\">\u25aaOML 135 @ $4bn.<\/div>\n<div dir=\"auto\">\u25aaOML 44 @ $5.5bn.<\/div>\n<div dir=\"auto\">\u25aaOML 59 @ $4bn.<\/div>\n<div dir=\"auto\">\u25aaOML 18 @ $4bn.<\/div>\n<div dir=\"auto\">\u25aaONL 88 @ $5bn.<\/div>\n<div dir=\"auto\">\u25aaOML 4 @\u00a0<span class=\"m_8123121889993518995money\">$6<\/span>\u00a0bn.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">*OPL FOR SALE WITH PRICES *<\/div>\n<div dir=\"auto\">\u25aaOPL 320 @ $10bn.<\/div>\n<div dir=\"auto\">\u25aaOPL 325 @\u00a0<span class=\"m_8123121889993518995money\">$5<\/span>\u00a0bn.<\/div>\n<div dir=\"auto\">\u25aaOPL 233 40% stake $3bn.<\/div>\n<div dir=\"auto\">\u25aaOPL 326 @\u00a0<span class=\"m_8123121889993518995money\">$6<\/span>\u00a0bn.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\"><\/div>\n<p><code><iframe loading=\"lazy\" src=\"https:\/\/www.alternativeadvert.com\/show.php?z=30&amp;pl=18683&amp;ad_type=81&amp;rl=1800\" width=\"336\" height=\"280\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/code><\/p>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">*FEDERAL GOVERNMENT PROCEDURE FOR ACQUIRING OIL BLOCK IN NIGERIA \ud83c\uddf3\ud83c\uddec*<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u2714STEP 1<\/div>\n<div dir=\"auto\">*Investors issue LOI\/EOL, company profile and POF (proof of funds) to company of owners of oil block. Company of the owners of the oil block issues soft executive summary for buyer to do his verification of oil block at Nnpc*<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u2714STEP 2<\/div>\n<div dir=\"auto\">*After verification is done and buyer is satisfied then buyer\/investor makes a payment of $60m royalty to federal government through the oil and gas company authorised to sell the oil block to obtain an invitation to Nnpc headquarters in Abuja together with the seller to start the government approved take over which will be authorised by minister of petroleum and also the president of Nigeria*<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u2714STEP 3<\/div>\n<div dir=\"auto\">*owners of oil block sends in return full executive summary, corporate offer, evaluation report and official invitation letter plus all other relevant documents so that investor can conduct search, do their feasibility findings, process Visa at the Embassy*<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u2714STEP 4<\/div>\n<div dir=\"auto\">*Oil block owner scheduled meeting for Abuja with the investors and their technical crew including all facilitators once investor is\u00a0 satisfied, Evaluation report, 3D, physical sighting etc is deliberated upon comprehensively,&#8230;&#8230;note : $ 5million all expenses will be bone by the investors for security, flight to and pro, accommodation , feeding and other miscellaneous expenses*<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u2714STEP 5<\/div>\n<div dir=\"auto\">*Investor\u00a0 is free to bring in their independent foreign valuers etc.*<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">\u2714STEP 6<\/div>\n<div dir=\"auto\">*After all the necessary legal, technical frame work has been taken care of , negotiation and contract documentation singing commences, facilitators fees etc then terms of Payment is executed in tranches therein till fully paid for*<\/div>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.alternativeadvert.com\/show.php?z=30&amp;pl=18683&amp;ad_type=81&amp;rl=1800\" width=\"336\" height=\"280\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The federal government has announced the outright sale of 14 out of the 42 oil block held by some international and indigenous operators which will expire this year. The outright sale instead of licences renewal is expected to boost government revenue.Thirty-five Oil Mining Leases and seven Oil Prospecting Licenses will expire at different times this [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":22142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"ngg_post_thumbnail":0,"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[1,4],"tags":[],"class_list":["post-22140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-national"],"jetpack_featured_media_url":"http:\/\/newsroom247.com.ng\/wp-content\/uploads\/2019\/05\/oil.jpg","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4oswh-5L6","_links":{"self":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/22140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22140"}],"version-history":[{"count":3,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/22140\/revisions"}],"predecessor-version":[{"id":22145,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/posts\/22140\/revisions\/22145"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=\/wp\/v2\/media\/22142"}],"wp:attachment":[{"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22140"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/newsroom247.com.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}