Senator Ita Enang

 

 
A few days ago, there was some furore about Northerners owning 85% of Nigerian oil blocks. This allegation was raised by Senator Ita Enang. This did not go down well with Nigerians. The Niger Deltans were the ones most hurt by this “revelation”. At least one activist from this region has been quoted on the pages of newspapers ranting and “directing” the president to revoke the licenses/concessions, etc.
Well, we now know this to be largely untrue. It now seems this was a planned distraction from Senator Enang to justify a present or future move by Mr. President on allocation of oil blocks or marginal blocks in his regime.
Before we show the real list, as recently published by Thisday, lets first go to class and educate ourselves on the jargons (oil block, OPL, OML, marginal fields, etc) and the workings of thee “allocations”.
Pardon my laziness as I lean heavily on my friend, Adebayo Ajagunna and ThisDay on this one.
This is how d Exploration and Production business works:

What we call an “oil block” is acreage of Nigerian fields which investors can apply for to explore and based on their findings produce hydrocarbons. Based on data, Nigeria is mapped into fields. If you want to and you have the technical knowledge and financial muscle and you can use available data to identify a field you want to invest in, you bid and get an OPL (Oil Prospecting License) if successful. That is what is called a “block” when you get the OPL, there is no guarantee you will find oil. You spend millions of dollars drilling exploration and appraisal wells and doing data analysis to determine how much oil is on the acreage and how you can cost effectively get it out. You can spend millions on exploration and when you now have what is known as “proven reserves” based on a combination of your findings from exploration, analysis of geological and geophysical data and application of some petroleum economics principles, you apply to d government for a mining lease which is what is known as an OML (Oil Mining Lease) it is when you start mining that you get revenue, you recover the cost of your exploration and you begin to pay government revenue and royalties depending on whether your contract with government is a JV (Joint Venture) or PSC (Production Sharing Contract) or whatever contract you have with the government.

 

For every successful OML there are two or three OPLs that failed commercially. The system essentially passes all the risk of exploration to the investor. Very few Nigerian banks will support you in exploration; they only want to come in when you have proven reserves, so whoever pulls the deal together must be able to reach far for the level of financing required.

Thanks Bayo.
 So on the list you would see below, which focuses on indigenous ownership alone (no IOCs), I would prefer you focus on the OMLs because that is where we really have the producing assets. However, some of the OPLs quoted below have since transitioned to OMLs after successful exploration.
A detailed breakdown of indigenous concessions and their directors/shareholders are shown in the table below:
Indigenous Operators
S/No
Name of Operator
LicenCe
Year of Award
Names of Directors/shareholders
1
Alfred James Petroleum
OPL 302
1991
Adewunmi Sijuade, Goke Sijuade, Adedeji Sijuade, Olayinka Sijude, Adeyemi Osiyemi and Femisola Awosika, with A.O Adeyinka as Chairman
2
Soglas Nigeria Limited
OPL 226
1991
Oscar P. Udoji, P.E Udoji, E.E. Nwosu, with J.O. Udoji as Chairman
3
NorthEast Petroleum
OPL 215, 840 &902
1991
Kommer Complex Limited, Nwokema Ngozi Mbu, Abubakar Jubril and Ashiru B. Aliu, A. Ayankoya with Saleh Jambo as Chairman
4
Optimum Petroleum
OPL 310
1992
R.D. Adelu, Yusuf N’jie and O.A. Aremu with Ibrahim Bunu as Chairman
5
Sunlink Petroleum
OPL 238 & OPL 311
1993
Olaniyi Olumide, Hayford Alile, Samuel Bolarinde, Richard Adelu, Martins Olisa, John Brunner and Emmanuel Ojei
6
Express Petroleum
OPL 108 & 227
1995
Ahmade Rufai, Tajudeen Dantata, Dalhatu Gwarzo, Lawan Omar with Aminu Alhassan Dantata as Chairman
7
Dubril Oil Co. Nigeria
OPL 96
1987
B.N. Itsueli, C.A. Itsueli, O.O. Itsueli, A.E. Ihuegbu with U.J. Itsueli as Chairman.
8
Amni Int. Petroleum
OPL 112 &117
1998 &1999
E.C Edozien, Tunde Afolabi with Sanni Bello as Chairman
9
Atlas Petroleum Int. Nig Ltd
OPL 109
1996
Umaru Ndanusa, Ikechukwu Joseph, Mohammadu Murtala with Arthur Eze as Chairman
10
Consolidated Oil
OPL 103, 458, 136
1993, 1998 &2006
O. Adenuga and Ebi Omatsola with Mike Adenuga as Chairman
11
Oriental Energy Resources
OPL 115
1999
Usman Danburan, Jibril Mohammed Indimi with Senior Mohammed Indimi as Chairman
12
Cavendish Petroleum Nig. Ltd
OPL 110
1996
Gambo Gubio with Mai Deribe as Chairman
13
Allied Energy Resources Nig. Ltd
OPL 120 & 121
2001
Mickey Lawal  as Director with Kase Lawal as Chairman
14
Peak Petroleum
OPL 122
2001
Adekunle Olumide, W. Bolaji, Florence D. Oluokun and Ayodeji Oluokun with M.A. Oluokun as Chairman
15
Summit Oil Nig. Limited
OPL 205 and 206
1990
L.K.O Abiola, Radio Communications Nig. Ltd with M.K.O Abiola as Chairman
16
Crownwell Petroleum Ltd
OPL 305 AND 306
1993
S.K Adejumo with Sair Kuashi as Chairman
17
Famfa Oil Ltd
OPL 216 (OML 127)
1993
Folorunso Alakija wit Modupe Alakija as Chairman
18
MoniPulo
OPL 114, 239, 234, 231
1999, 2008, 2008, 2007
F.A. Agama with O.B. Lulu Briggs as Chairman
19
Yinka Folawiyo Pet. Company
OPL 113
1998
S.T. Folawiyo, T.B Folawiyo with W.I Folawiyo as Chairman
20
Zebbra Energy Limited
OPL 248
2004
S.A. Oloko, Boni Madubunyi, Zimako O. Zimako with A.B.C. Orjiako as Chairman
21
Oil and Gas Limited
OPL 249 and 140
2003, 2006
M.O. I drisu with Reggie Uduhim as Chairman
22
Continental Oil and Gas Limited
OPL 59
1998
Agbolade Paddy, Subair Shefiu with Mike Adenuga as Chairman
23
Emerald Energy Resources
OML 141
2001
J.O. Amaefule, P.L. Caldwell, A.C. Uzoigwe, Amos NUR, C.N. Chieri, Femi Akingbe, F.A. Njoku with Emmanuel Egbogah as Chairman
24
Oranto Petr. Limited
OPL 320
2002
Arthur Eze as Chairman
25
Dajo Oil Limited
OPL 320
2004
R.B. Domingo, M.O. Domingo, U.R. Domingo with Domingo Obande as Chairman
26
Malabu
OPL 245
Dan Etete as Chairman
27
Orient Energy
OPL 915, 916
N. Nwawka with Emeka Anyaoku as Chairman
28
Sahara Energy Exploration
OPL 284, 228, 332
2005, 2006
Buba Lawal, Cole Tonye, Odunsi Ade as Diectors
29
Enageed Resources Limited
OPL 274
2007
Buba Lawal, Cole Tonye, Odunsi Ade as Diectors
30
Seplat
OPL 4, 38, 41
2010
A.B.C. Orjiako and Austin Avuru
31
Ekcrest E & P Limited
OPL 40
2012
Emeka Offor as Chairman
32
First Hydrocarbon
OPL 26
2011
O.A Azazi as Chairman
33
Neconde
OPL 42
2011
Amesi Azudialu, John Umeh, Nnenna Obijesi
34
Niger Delta Western
OPL 34
2012
Olayiwola Fatona, David Richards, P.O. Balogun, T. Omisore
35
Transcorp
OPL 281
2011
Jim Ovia, Tony Elumelu, Femi Otedola, Funso Lawal, Jacob Ajekigbe, Tony Ezenna, Ndi Onyiuke Okereke, Fola Adeola and Nicholas Okoye
36
Starcrest, Cross River Energy & NPDC
OPL 242
2011
Emeka Offor, Chris Garuba
37
Starcrest
OPL 291
Emeka Offor, Gidado Idris, Yzoni Yaw
38
South Atlantic (SAPETRO)
OPL 264 (130)
1998
Miguel Guerrero, Joy Ikiebe, Guerrrero, with T.Y. Danjuma as Chairman
39
Oando
OPL 278, 236
2005, 2006
Magoro, J.A. Tinubu, O. Boyo, M.O. Osunsanya, O. Adeyemo, O. Akpata, Oba Gbadebo, A. Peppe and Appiah Korang
40
Ashbert
OPL 325
Albert Esiri, Ifeoma Esiri
41
Oil World
OPL 241
2007
Gbenga Olawapo, Adekunle Akintola, Ibukun Olawepo, Rachael Akintola
42
Pan Ocean
OPL 98, 275
1976, 2007
F.A. Fadeyi, M.D. Yuduf, S.D. Adeniyi
43
Cleanwater Consortium
OPL 289
2007
Arumeni-Ikhide Joseph, Okey Nzenwa, Abu Ibrahim
44
Afren Global Resources
OPL 907, 917
2005, 2008
Rilwan Lukman, Osmah Shahenshah, Evert Jan Mulder, Peter Bingham, Guy Pass, Bet Cooper, Constantine, Egbert Imomoh
45
Centrica/CCC/All Bright Consortium
OPL 276, 283
2005, 2006
Jake Mirica, John Sheers
46
Gas Transmission & Power Ltd
OPL 905
2005
Ahmed Joda, Babangida Hassan Katsina, Makoji Aduku, Abubakar Joda
47
Global Energy Company Limited
OPL 135
2005, 2010
S.A. Onabiyi, M.A. Koshoni, T.T. Anyansho, J.N. Obiago
48
New Nig. Devt. Company
OPL 733,809, 810,722
Northern State governors
49
Tenoil Petroleum Energy Services
OPL 2008
2007
Jim Ovia, Tony Elumelu, Femi Otedola, Funso Lawal, Jacob Ajekigbe, Tony Ezenna, Ndi Onyiuke Okereke, Fola Adeola, Nicholas Okoye, with Elumelu as Chairman
Marginal Fields Operators
S/No
Name of Company
Licence
Year of Award
Names of Directors/Shareholders
1
Niger Delta Company
Ogbele (OML 54)
1999
Aret Adams, Uduimo Itsueli, Sammy Olagbaju, David Richard, Udi Ibru and Fatona Layi
2
Prime Petr. Ltd &  Suffolk Petr
Asaramaroru (OML 11)
2003
MacPepple Henry,  Macpepple Joy, Macpepple Emmanuel, Macpepple Elfrida and Macpepple Victoria
3
Oriental Energy
Owok (OML 67), Ebok
2006, 2007
Alhaji Indimi, Usman Danburran
4
Universal Energy
Stubb Creek Field (OML 13/14
2003
Amana Nkoyo, Mianaekere Nelson, Abubakar Hayatou, Mboho Emmanuel, Ekpo Akpan, Inyang Etim (Akwa Ibom Govt)
5
Eurafric Energy Limited
Dawes Island (OML 54)
2003
Onoh Anthony, Onoh Christiana, Onoh Ngozi, George Udoekong, Nwauche Eastus
6
Pillar Oil Limited
Umusati/Igbuku (OML 56)
2003
Onosode G.O, Fadahunsi O, Amakiri J., Hassan-Katsina Usman, Tonwe Basife, Obaseki Godwin, Akoyomare Ambrose, Fisher Abayomi, Anaekwena Anthony, Avuru Spencer, Onosode Spencer, Hassan-Babangida
7
Bayelsa Oil Company
Atala (OML 46)
Bayelsa Govt, Brigidi David, Alamieyesheiga Anitonbrapa, Ifimain Ekine, Jonathan Selereipre, Enddeley Francis, Chinwetelu Chris, Willians E.J., Aliyu Abubakar
8
Movideo E&P
Ekeh (OML 88)
Idau Sadiq, Jacobs Kayode, Enahoro Victor, Mohammed Aishatu, Tugger Yusuf, Okwuaive Iyabo, Sadare Raymond
9
Bicta Energy
Ogedeh (OML 90)
Adesemowo G.A, Bashir MM, Onumodu Soye, Akinro C.A, Malberbe T. Unejei T
10
Guarantee Petrr & Owena Oil
Ororo (OML 95)
Rufus Giwa, Ayodele Johnson, Fayose Abiodun, Unuigbe Odion, Omobomi Samuel, Rotimi Luyi, Adefarati Tunde, Duyie Korede, Ojo Segun, Ogedengbe Dele, Aidi Abass, Adegbonmire Wunmi, Amoye Mofisco, Ebiseni Sola, Oladunni Solomon, Agoi-George Segun, Akinruntan F.E, Hassan AlGazali, Eburajolo Victor, S.A. Ajayi
11
Platform Petroleum Limited
Egboma (OML 38)
Edmund Daukoru, Avuru Austin, Amachi Moshe, Adegoke Oluwafeyisola, Addo-Bayero Nasir, Ewendu Chidi
12
Sogenal Ltd
Akepo (OML 90)
Funso Lawal, Joda Abubakar, Harriman Hope, Odu Bunmi, Edohoeket Samuel, Yahaya Mohammed, Dada Nicholas, Yellowe Kenneth
13
Chorus Energy
Amoji (OML 56)
Akerele Chris, Mamman Samaila, Ihetu G.S. Braide Kombo, Banks Nigel, Clubb James, Uhuegbulem Ben, Baba Gana Abba
14
Millennium Oil and Gas
Oza (OML 11)
Ali Chris, Maseli John, Karrs Sastry, Shama Yogi, Igweze Emeka, Bashir Farouk
15
Brittania U-Nigeria
Ajapa (OML 90)
Ifejika Uju, Ifejika Emmanuel, Omu Paul, Otiji Igwe, Ikpeme Ita, Cardoso Tokie, Okonkwo Annie, Inua Mogaji, Mbanefo Louis, Ombu AVM, Horsfall A.K., Ukpong Uche, Ogoro Emomena, Ifejika E.I, Umar Alhaji, Ikpele A.O
16
Network E & P
Qua Iboe (OML 13)
Ajose Adeogun Ladi, Adesomoju Akin Alex -Duduyemi, Adewusi Adebowale, Ifode Yeletide, Gasau Ismaila Musa, John Etop, Olagbede Olufemi
17
Waltersmith Petroman & Morris Petr.
Ibigwe (OML 16)
Isa Abdulrasak, Saleh Danjuma, Utomvie Nyingi, Ita Princess, Okoli Ndubuisi, Kakpovie Anthony, Okpala Eugene, Idrisu Mammudu, Idrisu Lawal, Isokrari Ombo, Nzeakor Nick, Abdulsalami Abdul, Nwabudo Ignatius
18
Midwestern Oil & Gas & Suntrust Oil
Umsadege (OML 56 )
Igbokwe Ken, Afejuku Anthony, Daultry Akpeti, Sagoe Kweku-Mensah, Gambo Lawan, Oshevire William, Mordi Sylvanus, Maidoh Daniel, Fatayi-Williams Babatunde, Mohammed Waziri, Emerhor Otega, Dublin-Green Winston, Mohammed Abubakar, Oduah Stella, Okafor Ugo and Baba-Ahmed Mouftah
19
Independent Energy Limited
Ofa (OML 30)
Ikelionwu Emeka, Ohunmwangho Steve, Yar’Adua Murtala, Okudu Anthony, Bello Shamsudeen, Obaoye Michael, Monanuma
20
Del Sigma
KE (OML 55)
Amachree Sokeiprim, Ungbuku K.D., Bakut J.I, Chaff Kabiru
21
Associated Oil & Dansaki Petroleum
Tom Shot Bank (OML 14)
Machunga Laraba, Gwadah Bitus, Balat Isaiah, Uzor Azuka, Ibok Udo, Uzoechi Isaac, Kadiri Samuel, Afolabi Aderenlr, Yinka Aina
22
Frontier Oil Limited
Uquo (OML 13)
Dada Thomas, Lolomari Odoliyi, Kolade Victor, Yisa Solomon, Nwasikeobi, Alechenu Emmanuel, Bello Falalu
23
Energia Limited & Oando Prod. Devt Ltd
Ebendo/Obodeti (OML 56)
Horsfall A.U, Aribeana Stephen, Shawley Cooker, Bello Lawal, Ene Emeka, Afolabi Ade, Coker Sam, Esiri Albert, Dibiaezue Ifeoma, Hammad Charles, Macgregor Olushola, Oando
24
Goland Petroleum Devt. Company
Oriri (OML 88)
Kingsley Ngelale, Mogaji Gambo, Slako Johnson, Anthony Dotimi
25
Excel Exploration & Production
Eremor (OML 46)
Abiodun Awosika as shareholder
26
Sahara Energy & African Oil Ltd.
Tsekelewu (OML 40)
Baba Lawal, Cole Tonye, Odunsi Ade, Adeniji Titi, Akinla Ladipo, Bently John, Ciroma Musa, Odili Obi F., Du-Frayer
27
Green Energy International Ltd
Otakikpo
A.A. Olojede as shareholder
28
All Grace Energy
Ubima (OML 46)
Adeola Adenikinju, Sola Alabi
Terminology:
OPL – Oil prospecting license
OML – Oil mining Lease (this is where production is happening!)
IOC – International Oil Company
Offshore – Oil fields located in the sea within a specific near shore distance
Onshore – Oil fields either located on land or on swamp riverine areas
Deep offshore – Oil fields located well beyond our continental shelf in ultra deep sea areas which also require very specialized prospecting and mining equipment.
Marginal field – a proven or producing oilfield with economics of scale favoring only operators with low overheads. While marginal fields have historically been allocated by NNPC after being farmed out by the IOCs, in recent times SPDC sold a lot of marginal fields, as part of their onshore divestment strategy, to independent local operators.
 
In the final Analysis, Senator Enang was wrong!
SAN

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