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Nigeria made $34.22bn from oil in 2019 – NEITI

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Published 18 June 2021
Nigeria earned $34.22bn from the oil and gas sector in 2019, the Nigeria Extractive Industries Transparency Initiative said on Thursday.
It said this in its 2019 Oil and Gas Industry Audit report released in Abuja, adding that the $34.22bn revenue represented an increase of 4.88 per cent over the $32.63bn garnered from the sector in 2018.
A breakdown of the earnings showed that payments by companies accounted for $18.90bn, while flows from federation sales of crude oil and gas accounted for $15.32bn.
The report showed that 10-year (2010-2019) aggregate financial flows from the oil and gas sector to government amounted to $418.54bn, with the highest revenue flow of $68.44bn recorded in 2011, while the lowest revenue flow of $17.06bn was recorded in 2016. ....

Abuja Federal Capital Territory , Petroleum Motor Spirit , Nigeria National Petroleum Corporation , Nigeria Extractive Industries Transparency Initiative , Gas Industry Audit , Sharing Contracts , Joint Venture , Sole Risk , Marginal Fields , Service Contracts , Direct Sale Purchase , கூட்டாட்சியின் மூலதனம் பிரதேசம் , பெட்ரோலியம் மோட்டார் ஆவி , நைஜீரியா தேசிய பெட்ரோலியம் நிறுவனம் , வாயு தொழில் தணிக்கை , பகிர்வு ஒப்பந்தங்கள் , கூட்டு துணிகர , ஒரே ஆபத்து , விளிம்பு புலங்கள் , சேவை ஒப்பந்தங்கள் , நேரடி விற்பனை கொள்முதல் ,

SapuraOMV to sell stakes in Peninsular Malaysia producing assets for US$9mil

KUALA LUMPUR: SapuraOMV Upstream (Malaysia) Inc, has agreed to sell its entire interests under SapuraOMV Upstream (PM) Inc in various producing assets located offshore Peninsular Malaysia to Singapore-based Jadestone Energy PLC for US$9 million (US$1=RM4.09).
In a statement today, SapuraOMV said the effective date of the transaction was Jan 1, 2021 involving producing assets comprising of PM323, PM329, PM318, and AAKBNLP Production Sharing Contracts (PM assets).
Apart from the US$9 million agreed purchase price, there were also contingent payments of up to US$6 million dependent on certain oil price criteria being met, it added.
SapuraOMV Upstream, headquartered in Kuala Lumpur, is a strategic partnership between Sapura Energy Bhd ....

Kuala Lumpur , Petronas Carigali Sdn Bhd , Petroliam Nasional Bhd Petronas , Shahril Shamsuddin , Peninsular Malaysia To Jadestone Energy , Sapuraomv Upstream Malaysia Inc , Sapura Energy Bhd , Sapuraomv Upstream Pm Inc , Peninsular Malaysia , Singapore Based Jadestone Energy , Sharing Contracts , Sapura Energy , Production Gmbh , Tan Sri Shahril Shamsuddin , Western Australia , Petroliam Nasional Bhd , Petronas Carigali Sdn , Corporate News , Jadestone Energy , Pm Assets , குவாலா லம்பூர் , பெட்ரோலியம் நேஷனல் ப்ட் பெட்ரோனாக்கள் , சாபுர ஆற்றல் ப்ட் , தீபகற்பம் மலேசியா , பகிர்வு ஒப்பந்தங்கள் , சாபுர ஆற்றல் ,

SapuraOMV to sell stakes in peninsular Malaysia producing assets for US$9m | Money

Friday, 30 Apr 2021 04:35 PM MYT
KUALA LUMPUR, April 30 SapuraOMV Upstream (Malaysia) Inc, has agreed to sell its entire interests under SapuraOMV Upstream (PM) Inc in various producing assets located offshore Peninsular Malaysia to Singapore-based Jadestone Energy PLC for US$9 million (RM36 million).
In a statement today, SapuraOMV said the effective date of the transaction was Jan 1, 2021 involving producing assets comprising of PM323, PM329, PM318, and AAKBNLP Production Sharing Contracts (PM assets).
Apart from the US$9 million agreed purchase price, there were also contingent payments of up to US$6 million dependent on certain oil price criteria being met, it added.
SapuraOMV Upstream, headquartered in Kuala Lumpur, is a strategic partnership between Sapura Energy Bhd and OMV Exploration & Production GmbH, a subsidiary of Austria’s OMV Aktiengesellschaft. ....

Kuala Lumpur , Petronas Carigali Sdn Bhd , Petroliam Nasional Bhd Petronas , Shahril Shamsuddin , Peninsular Malaysia To Jadestone Energy , Sapuraomv Upstream Malaysia Inc , Sapura Energy Bhd , Sapuraomv Upstream Pm Inc , Peninsular Malaysia , Singapore Based Jadestone Energy , Sharing Contracts , Production Gmbh , Tan Sri Shahril Shamsuddin , Western Australia , Petroliam Nasional Bhd , Petronas Carigali Sdn , Sapuraomv Upstream Malaysia Inc , Jadestone Energy Plc , குவாலா லம்பூர் , பெட்ரோலியம் நேஷனல் ப்ட் பெட்ரோனாக்கள் , சாபுர ஆற்றல் ப்ட் , தீபகற்பம் மலேசியா , பகிர்வு ஒப்பந்தங்கள் , ப்ரொடக்ஶந் கஂப் , மேற்கு ஆஸ்திரேலியா , பெட்ரோலியம் நேஷனல் ப்ட் ,

OMV : SapuraOMV agrees to divest its stakes in Peninsular Malaysia producing assets

SapuraOMV agrees to divest its stakes in Peninsular Malaysia producing assets
SapuraOMV Upstream (Malaysia) Inc ( SapuraOMV ), has agreed to sell its entire interests, under SOMV Upstream (PM) Inc. in various producing assets, located offshore Peninsular Malaysia to Jadestone Energy PLC, a Singapore-based, London-listed, an independent oil and gas company. These producing assets are PM323, PM329, PM318 and AAKBNLP Production Sharing Contracts (the PM Assets ). The agreed purchase price is USD 9 million, subject to closing adjustments. There are also contingent payments of up to USD 6 million dependent on certain oil price criteria being met. The effective date of the transaction is January 1, 2021. SapuraOMV s average year-to-date net entitlement production of the PM Assets is around 6 thousand barrels oil equivalent per day. ....

City Of , United Kingdom , Peninsular Malaysia , Malaysia General , Carigali Sdn , Shahril Shamsuddin , Peninsular Malaysia To Jadestone Energy , Bpm Inc , Sapuraomv Upstream Malaysia Inc Sapura , Jadestone Energy , Sharing Contracts , Joint Venture , Tan Sri Shahril Shamsuddin , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , தீபகற்பம் மலேசியா , மலேசியா ஜநரல் , பீயெம் இன்க் , பகிர்வு ஒப்பந்தங்கள் , கூட்டு துணிகர ,

DPR reviews 5 terms in gas production sharing contracts

The Department of Petroleum Resources says it has reviewed five terms for gas development under the Production Sharing Contracts in the Country. Mr Sarki. ....

Abuja Federal Capital Territory , Timipre Sylva , Sarki Auwalu , Nigerian National Petroleum Corporation , Petroleum Resources , National Assembly , Petroleum Industry Bill , Committee On Gas Resources , Department Of Petroleum Resources , Production Sharing Contracts , Chief Executive Officer , Joint Committee , Gas Resources , Gas Terms , Sharing Contracts , Nigerian Liquified Natural Gas , Chief Timipre Sylva , கூட்டாட்சியின் மூலதனம் பிரதேசம் , நைஜீரியன் தேசிய பெட்ரோலியம் நிறுவனம் , பெட்ரோலியம் வளங்கள் , தேசிய சட்டசபை , பெட்ரோலியம் தொழில் ர சி து , குழு ஆன் வாயு வளங்கள் , துறை ஆஃப் பெட்ரோலியம் வளங்கள் , ப்ரொடக்ஶந் பகிர்வு ஒப்பந்தங்கள் , தலைமை நிர்வாகி அதிகாரி ,