Available and very closeable oil mining lease (oml) 151 for sale in nigeria. it's a producing wells. license is due for renewal in the year "2036" vendor: we undertake to outrightly sell our total 100% equity to a ready and able buyer. take note: that signature bonus have fully been paid. vendor price: $450m. (four hundred and fity million us dollars only). take note: the procedures to follow for a successful closure is not negotiable. procedures; 1. an loi to come with following; a. verifiable bank comfort letter. b. buyer's company profile or cis of chaiman, or m/d. c. acceptance offer of $450m by buyer or buyer's lawyer. d. agency letter of 10% directly from the buyer; i.e, buyer to pay 10% commission to both side parties.. if buyer is ready to comply with this demands; i. buyer meet owner's attorney with copy of pof. ii. buyer meet seller within 24hrs after verification of pof. nb: buyer responsible for logistics. take note: any loi written by an agent other than the buyer or his attorney in regards to the above requirements will not be treated. additional information; 1. it is offshore. 2. price is: $450million usd net. 3. geological report is ready. 4. state of location: between bayelsa and akwa ibom. (psc shallow waters). 5. reserve volume: gross 2p oil reserves 47:1 mmbl. gross 2p gas reserves 209bcf. gross prospective reserves p50 2,791.7 mmboe. 6. licence: valid till 2036 before renewal. 7. infrastructure including fpsos, production platform, process facilities and pipelines. 8. the participation level of the government: psc currently held by operator. 9. all the levies are up to date. if there is anything outstanding, seller will offset upon conclusion of negotiation. 10. data: other information would be made available by owner upon buyer providing pof and during face to face negotiati...
More detailsAbak is a Local Government Area (LGA) in Akwa Ibom state, Nigeria. Its capital/headquarters is located in Abak town. Abak is one of the parent local government areas in Akwa Ibom State (created on September 1987 from Cross River State). It was later sub divided into other local governments like Oruk Anam, Etim Ekpo, Ukanafun and Ika local government areas. The LGA is bounded in the North by Ikono Local Government Area, North West by Essien Udim Government Area, West by Etim Ekpo and Ukanafun Local Government Areas, South by Oruk Anam and in the East by Uyo Local Government Area.
It is termed the most friendly local government area because of the hospitality of the people. The people from this are predominantly farmers and sundry traders. Others are into pottery and weaving. Rich mineral deposits such as sand, gravel, clay, salt and crude oil (corked). Situated in the tropical rain forest that supply abundant palm produce, cassava and various vegetables. There are Private sector driven hospitality establishment such as hotels, parks, gardens and clubs.
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