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OML29
OML 29 is also known as Oil Mining Licence 29. Oil Mining Licence OML is one of the two types of licences issued to oil producers in Nigeria "with validity periods ranging from 5 to 20 years respectively." OML29 is a large block located in the southeastern Niger Delta containing 11 oil and gas fields. OML29 stretches over an area of 983 square kilometres. It includes the Nembe Oil Field, Santa Barbara Oil Field and Okoroba Oil Fields. It also include related facilities like the Nembe Creek Trunk Line NCTL. A 100 kilometres long pipeline with a capacity of 600 thousand barrels per day. Historical overview The initial lease was granted by the Federal Government of Nigeria to Shell Petroleum Development Company in 1964 and renewed after twenty-five (25) years in July 1989, for a term of thirty (30) years expiring in June 2019. OML29 licence was formally held by Shell Petroleum Development Company of Nigeria Ltd Joint Venture (SPDC), comprising Total E&P Nigeria Limited and Nigeri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aiteo
Aiteo Group is an integrated, global-focused Nigerian energy conglomerate founded in February 2008. The company is the successor entity to Sigmund Communnecci Limited. The company focuses in oil and gas exploration and production; bulk petroleum storage; refining of petroleum products; trading, marketing and supply as well as power generation and distribution. History Sigmund Communecci, founded in 1999, was a petroleum products supply and trading company. It owned and operated a petroleum storage terminal in Abonemma Wharf. To fully explore growing business opportunities in the petroleum upstream sector in Nigeria, In February 2008, Sigmund Communecci was restructured, re-positioned and re-branded to ensure it sustainably builds the capacity to diversify globally, attract and nurture top talent, leveraging on strategic alliances and technology. Operations Downstream Aiteo owns and operates petroleum storage facilities in Lagos and Port Harcourt. including the Abonnema S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nembe Creek Trunk Line
Nembe Creek Trunk Line (NCTL) is a 97 kilometre, 150,000 barrels of oil per day pipeline constructed by Royal Dutch Shell plc and situated in the Niger Delta region of Nigeria. "The Trunk Line is one of Nigeria's major oil transportation arteries that evacuate crude from the Niger Delta to the Atlantic coast for export." It is owned by Aiteo Group, which recently purchased it as part of the related facilities of the prolific oil bloc OML29 from Shell Petroleum Development Company Shell Nigeria is the common name for Shell plc's Nigerian operations carried out through four subsidiaries—primarily Shell Petroleum Development Company of Nigeria Limited (SPDC). Royal Dutch Shell's joint ventures account for more than 21% of ..., SPDC. By March 2015, the Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), completed the assignment of its interest in OML29 and the Nembe Creek Trunk Line to Aiteo Eastern E&P Company Limited, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oloibiri Oilfield
Oloibiri Oilfield is an onshore oilfield located in Oloibiri in Ogbia LGA of Bayelsa State, Nigeria, about east of Port Harcourt in the Niger Delta. Oloibiri field is about and lies in a swamp within OML 29 Oloibiri Oilfield is named after Oloibiri, ano small, remote creek community, where it is located. In Nigeria, oilfields are usually named after the host community where it is located or a local landmark. Sometimes, oilfields are also given names taken from indigenous languages. The field is currently operated by Shell Petroleum Development Company of Nigeria Limited (SPDC).The field was originally operated by Shell Darcy. On 30 April 1956, Shell Darcy changed its name to Shell-BP Petroleum Development Company of Nigeria Limited to reflect BP's interest. In 1979, it changed its name again to Shell Petroleum Development Company of Nigeria Limited(SPDC) following the nationalisation of BP's interest by the government. Exploration history Oloibiri Oilfield was discover ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benedict Peters
Benedict Peters is a Nigerian billionaire who founded the Aiteo Group, Nigeria's largest indigenous oil producing firm. As of November 2014, he had an estimated net worth of US$2.7 billion. He is ranked by Ventures Africa as the 17th richest person in Africa and the 7th richest in Nigeria. Early life and development Peters hails from Onicha Oloma in Delta state and was born in Abakaliki, Ebonyi State to a banker and a homemaker. He attended Ekulu Primary School, Enugu and Federal Government College Enugu, after which he proceeded to University of Benin, where he obtained a Bachelor of Science (B.Sc) Hons degree in Geography and Town Planning. Career Peters began his career in the oil and gas industry in the early 1990s, working with the founders of Ocean and Oil, the entity now known as Oando Nigeria Plc, Adewale Tinubu, Mofe Boyo and Onajite Okoloko. He moved to MRS Oil Nigeria PLC as Group Executive Director, ending as its Managing Director, before leaving in 1999 to est ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigeria
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. It covers an area of , and with a population of over 225 million, it is the most populous country in Africa, and the world's sixth-most populous country. Nigeria borders Niger in the north, Chad in the northeast, Cameroon in the east, and Benin in the west. Nigeria is a federal republic comprising of 36 states and the Federal Capital Territory, where the capital, Abuja, is located. The largest city in Nigeria is Lagos, one of the largest metropolitan areas in the world and the second-largest in Africa. Nigeria has been home to several indigenous pre-colonial states and kingdoms since the second millennium BC, with the Nok civilization in the 15th century BC, marking the first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigerian National Petroleum Corporation
NNPC Limited is a for profit oil company in Nigeria. Formerly a government-owned corporation, it was transformed from a corporation to a limited liability company in July 2022. NNPC Limited is the only entity licensed to operate in the country's petroleum industry. It partners with foreign oil companies to exploit Nigeria's fossil fuel resources. History NNPC was established on 1 April 1977 as a merger of the Nigerian National Oil Corporation and the Federal Ministry of Petroleum and Energy Resources. NNPC by law manages the joint venture between the Nigerian federal government and a number of foreign multinational corporations, which include Royal Dutch Shell, Agip, ExxonMobil, TotalEnergies, Chevron, and Texaco (now merged with Chevron). Through collaboration with these companies, the Nigerian government conducts petroleum exploration and production. In 2007, the head of the Nigerian wing of Transparency International said salaries for NNPC workers were too low to prevent g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OML29Nigeriamap
OML (Outline Markup Language) is an XML format for outlines. It was originally proposed by Ray Grieselhuber. The specification is designed to build upon the concepts found in OPML, with the goal of fixing some of its limitations. OML has a structure similar to OPML. Its advocates claim that although it is as simple and as flexible as OPML, its extension mechanism is better than that of OPML. Instead of letting users add attributes freely, OML introduces an <item> element (child element of <outline>); instances of the <item> element may be added freely. The resulting documents are claimed to be easier to parse than equivalent OPML documents. Readers of OPML never know what attributes others may have added to standard elements; so an element the reader wants to parse may contain a mixture of known and unknown attributes. This claimed disadvantage of OPML actually applies to any XML-based format, including OML, because XML namespaces may add attributes to exis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shell Nigeria
Shell Nigeria is the common name for Shell plc's Nigerian operations carried out through four subsidiaries—primarily Shell Petroleum Development Company of Nigeria Limited (SPDC). Royal Dutch Shell's joint ventures account for more than 21% of Nigeria's total petroleum production ( (bpd) in 2009). The company has been controversial in communities in the Niger Delta, who point to its poor environmental record and that most of the economic benefit from oil exploitation has not benefited local communities. In particular, when, in 1993 the Movement for the Survival of the Ogoni People (MOSOP) organized large protests against Shell and the government, it led to repression of the local community. The company has been responsible for some significant oil spills in the Niger delta, and both Nigerian and European courts have held them liable for environmental destruction. One of the most significant cases was at one of Shell's oil extraction facilities located in the Ejama-Ebubu commu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Cubic Foot
A standard cubic foot (scf) is a unit used both in the natural gas industry to represent an amount of natural gas and in other industries where other gases are used. It is the unit commonly used when following the customary system, a collection of standards set by the National Institute of Standards and Technology. Another unit used for the same purpose is the standard cubic metre (Sm3), customary when using SI units. Definitions A standard cubic foot defines an amount of gas contained in a volume of one cubic foot at standard temperature and pressure. This standard unit of molecular quantity for gases can be used with the ideal gas law to compute the quantity per unit of volume for other pressures and temperatures. In spite of the label "standard", there is a variety of definitions, mainly depending on the type of gas. Since, for a given volume, the quantity is proportional to the pressure and temperature, each definition fixes base values for pressure and temperature. Natural ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wood Mackenzie
Wood Mackenzie, also known as ''WoodMac,'' is a global research and consultancy group supplying data, written analysis, and consultancy advice to the energy, chemicals, renewables, metals, and mining industries. In 2015, the company was acquired by Verisk Analytics, an American data analytics and risk assessment firm, in a deal valued at $2.8 billion. The company is based in Edinburgh, Scotland, though it has over 40 offices worldwide. Originally founded as stockbroker in 1923, the company's energy business was launched in 1973, when it started reviewing the North Sea oilfields. Between 2007 and 2014, Wood Mackenzie acquired coal specialists Hill & Associates in the US, Barlow Jonker in Australia, and Brook Hunt, the UK-based metals analysts. Since 2015 a host of companies have become part of Wood Mackenzie including PSG, a petroleum database service; PCI, the specialist chemicals analysis group; Greentech Media, providing analysis of the solar market and MAKE, providing an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
