Nigeria's Richest Oil Blocks Owners Exposed: Names & Details
The oil block business is so lucrative that Danjuma's Sapetro divested
of its investment in Akpo condensate for $1billion dollars. The
business is second to none in Nigeria. That is why any attempt to
investigate the activities in this sector will always be futile. The
money is so much that they give bribes in millions of dollars. A
birthday gift or child naming gift from an oil block owner to a
government official could be as paltry as $2million dollars, and if
the official's father died, the condolence gift could reach mere $3
million dollars.
When they want to bribe legislators, it is in millions of dollars and
any ongoing investigation ends within weeks. They are so confident
that with excess money they can buy up Nigeria and they are succeeding
OML 110 with high yield OBE oil fields was given Cavendish Petroleum
owned by Alhaji Mai Daribe, the Borno Patriarch in 1996 by Sanni
Abacha. OBE oil field has estimated over 500 million barrels of oil.
In layman's language and using average benchmark of $100 dollars per
barrel, translates to $50 billion dollars worth of oil reserve. When
you remove the taxes, royalties and sundry duties worth about 60% of
the reserve payable over time you get about $20billion dollars worth
of oil in the hands of a family.
OPL 246 was awarded to SAPETRO, a company owned by General Theophilus
Danjuma, by Sanni Abacha in 1998. Akpo condensate exports about
300,000 barrels of crude daily.
NOML 112 and OML 117 were awarded to AMNI International Petroleum
Development Company owned by Colonel Sanni Bello in 1999. Sanni Bello
is an inlaw to Abdulsalami Abubakar, former Head of State of Nigeria.
OML 115, OLDWOK Field and EBOK field was awarded to Alhaji Mohammed
Indimi from Niger State. Indimi is an inlaw to former Military
President Ibrahim Babangida.
OML 215 is operated by Nor East Petroleum Limited owned by Alhaji
Saleh Mohammed Gambo.
OML 108 is operated by Express Petroleum Company Limited is owned by
Alhaji Aminu Dantata.
OML II3 allocated to Yinka Folawiyo Pet Ltd is owned by Alhaji W.I. folawiyo
ASUOKPU/ UMUTU marginal oil fields is operated by Seplat Petroleum.
Seplat is owned by Prince Nasiru Ado Bayero, cousin to the Central
Bank Governor Lamido Sanusi. This oil field has the capacity of
300,000 barrels of oil daily. This translates to $30million dollars
daily at average benchmark of $100 dollars per barrel. Deducting all
sundry taxes, royalties etc , this field can yield $12billion dollars
daily for the owners .
Intel owned by Atiku, Yarádua and Ado Bayero has substantial stakes in
Nigeria's oil exploration industry both in Nigeria and Principe and
Sao Tome.
AMNI owns two oil blocks OML 112 and OML 117 which it runs Afren plc
and Vitol has substantial stakes in oil blocks. Afren plc is operating
EBOK oil fields in OML 67. Vitol lifts 300,000 barrels of Nigerian oil
daily. Rilwanu Lukman, former OPEC Chairman has stakes in all these
named three companies.
OPL 245 was awarded to Malabu Oil& Gas Company by Sanni Abacha. Dan
Etete, Abacha's oil minister owns Malabu Oil. In 2000, Vice President
Atiku Abubakar convinced Obasanjo to revoke OPL 245 given to Malabu
Oil. Etete had earlier rejected Atiku's demand for substantial stakes
in the high yield OPL 245 and it attracted the venom of Ota Majesty
who revoked the licence. However, in 2006, Obasanjo had mercy on Dan
Etete and gave him back his oil block worth over $20 billion dollars.
OPL 289 and OPL 233 was awarded during Obasanjo era to Peter Odili
fronts, Cleanwater Consortium, consisting of Clenwater Refinery and
RivGas Petroleum and Gas Company. Odili's brother in law, Okey Ezenwa
manages the consortium as Vice Chairman.
OPL 286 is managed by Focus Energy in partnership with BG Group, a
British oil concern. Andy Uba has stakes in Focus Energy and his modus
operandi is such that you can never see his name in any listings yet
he controls OPL and OML through proxies
OPL
