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View Poll Results: IF YOU ARE IN AMBITIOUSR SHOES WHAT WILL YOU DO?
PART WITH THE 50K 4 21.05%
ADMIT YOU WERE WRONG AND APOLOGIZE 11 57.89%
REMAIN DEFIANT 4 21.05%
Voters: 19. You may not vote on this poll

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  #2861 (permalink)  
Old 20th February 2013, 03:42 PM
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Default Re: oando

Quote:
Originally Posted by Ozone View Post
That is why Barr 'Wale Tinubu is doing the right issue to raise the needed cash for the upstream business.
What are effects of the previous fund raising exercise by Wale?
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  #2862 (permalink)  
Old 20th February 2013, 03:45 PM
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Default Re: oando

Quote:
Originally Posted by Oracle View Post
It will be endless my brother! It is a capital intensive project. If it goes well, then it becomes a profitable venture. Otherwise, it will become an adventure!

Google Egina. That is a new development by Total. Project cost is $15bn! So people should start to understand the type of cost we are talking about. We are talking of mainly upfront capital investment.
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  #2863 (permalink)  
Old 20th February 2013, 03:49 PM
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Default Re: oando

Quote:
Originally Posted by cecemontero View Post
My bros, the experienced hands in the other majors will not take 2k cos some 2nd and 3rd tier expats (eastern Europeans, indians, fillipinos, etc)that i know, take like 3k/day net.
I can provide experienced hands for $1k per day. Happy to support OandO.

Of more importance will be the rig rates, vessel rates etc. Imagine having a rig with a rate of $800k per day on standby waiting for materials! Losing that amount just because of inefficiency.
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  #2864 (permalink)  
Old 20th February 2013, 03:53 PM
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Default Re: oando

Quote:
Originally Posted by wanaj0 View Post
I can provide experienced hands for $1k per day. Happy to support OandO.

Of more importance will be the rig rates, vessel rates etc. Imagine having a rig with a rate of $800k per day on standby waiting for materials! Losing that amount just because of inefficiency.
How developed are those deep offshore fields they're about acquiring abi dem don acquire the thing already?
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  #2865 (permalink)  
Old 20th February 2013, 04:04 PM
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Default Re: oando

Quote:
Originally Posted by cecemontero View Post
How developed are those deep offshore fields they're about acquiring abi dem don acquire the thing already?
Concoco has no developed deepwater field. Also Brass LNG is having problems reaching FID.

Abo is a small field that they bought Shells interest.
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  #2866 (permalink)  
Old 20th February 2013, 04:13 PM
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Default Re: oando

Quote:
Originally Posted by wanaj0 View Post
Concoco has no developed deepwater field. Also Brass LNG is having problems reaching FID.

Abo is a small field that they bought Shells interest.
Hmmmmmm.....Bonga, Erha, Akpo, Agbami, Usan and Egina no be small venture o! like Sir Oracle said, if something goes wrong, it becomes adventure
The story about Brass FID didnt start today and they keep shifting it
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  #2867 (permalink)  
Old 20th February 2013, 04:24 PM
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Default Re: oando

See as men dey discuss deepwater fields.

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  #2868 (permalink)  
Old 20th February 2013, 04:30 PM
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Default Re: oando

Quote:
Originally Posted by knightofdelta View Post
See as men dey discuss deepwater fields.


Make you sef discuss deep stock market field.
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  #2869 (permalink)  
Old 20th February 2013, 04:33 PM
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Default Re: oando

Quote:
Originally Posted by cecemontero View Post
Hmmmmmm.....Bonga, Erha, Akpo, Agbami, Usan and Egina no be small venture o! like Sir Oracle said, if something goes wrong, it becomes adventure
The story about Brass FID didnt start today and they keep shifting it
Rig rate is a function of water depth. Even if your reserve is small, the rig rates will not change.

Main message is that deepwater development is capital intensive and comes with a lot of risk. You need deep capital to play there!

Wishing OandO all the best.
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  #2870 (permalink)  
Old 20th February 2013, 04:36 PM
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Default Re: oando

Quote:
Originally Posted by cecemontero View Post
Hmmmmmm.....Bonga, Erha, Akpo, Agbami, Usan and Egina no be small venture o! like Sir Oracle said, if something goes wrong, it becomes adventure
The story about Brass FID didnt start today and they keep shifting it
You know most people think that FPSO is a 'flying boat'! Now they are hearing it. The management will keep demanding until they wear the shareholders out.
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  #2871 (permalink)  
Old 20th February 2013, 04:39 PM
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Default Re: oando

Quote:
Originally Posted by wanaj0 View Post
Rig rate is a function of water depth. Even if your reserve is small, the rig rates will not change.

Main message is that deepwater development is capital intensive and comes with a lot of risk. You need deep capital to play there!

Wishing OandO all the best.
Are you wishing Oando or the shareholders?
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  #2872 (permalink)  
Old 20th February 2013, 04:42 PM
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Default Re: oando

Quote:
Originally Posted by wanaj0 View Post
Google Egina. That is a new development by Total. Project cost is $15bn! So people should start to understand the type of cost we are talking about. We are talking of mainly upfront capital investment.
Google???? All I go do na to enter their office!
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  #2873 (permalink)  
Old 20th February 2013, 04:48 PM
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Default Re: oando

Quote:
Originally Posted by Oracle View Post
Google???? All I go do na to enter their office!
Ok. Bring one bottle of 'oel' for me from there oooo!
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  #2874 (permalink)  
Old 20th February 2013, 04:51 PM
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Default Re: oando

Quote:
Originally Posted by wanaj0 View Post
Ok. Bring one bottle of 'oel' for me from there oooo!
bros which kind wine be dat naa>??
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  #2875 (permalink)  
Old 20th February 2013, 04:53 PM
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Default Re: oando

Quote:
Originally Posted by Oracle View Post
You know most people think that FPSO is a 'flying boat'! Now they are hearing it. The management will keep demanding until they wear the shareholders out.
FPSO is a SHIP on which you now put processing equipment. You are talking of like $3bn or thereabout. You can go for early production facility and pay like $300k to $700k per day depending on size.

Don't even talk of the cost of drilling wells. God help you if you strike unwanted gas or better still water! What happens if you have well failure?

The risk need to be understood
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  #2876 (permalink)  
Old 20th February 2013, 04:56 PM
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Default Re: oando

Quote:
Originally Posted by wanaj0 View Post
Ok. Bring one bottle of 'oel' for me from there oooo!
Hmmm...this code pass me o. Abi na you be the GM for that office? E be like say na una dey drink this company money finish every Friday with the reservoir guys???
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  #2877 (permalink)  
Old 20th February 2013, 05:14 PM
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Default Re: oando

Quote:
Originally Posted by wanaj0 View Post
FPSO is a SHIP on which you now put processing equipment. You are talking of like $3bn or thereabout. You can go for early production facility and pay like $300k to $700k per day depending on size.

Don't even talk of the cost of drilling wells. God help you if you strike unwanted gas or better still water! What happens if you have well failure?

The risk need to be understood
It doesn't matter! Shareholders, bankers and other magas will keep paying. the company is on a longgggggggggggg thing!
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  #2878 (permalink)  
Old 22nd February 2013, 04:11 AM
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Default Re: oando

Oando Marketing Launches 50kg Cylinder, Makes Free Delivery, Articles | THISDAY LIVE
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  #2879 (permalink)  
Old 22nd February 2013, 03:23 PM
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Default Re: oando

Quote:
Originally Posted by Oracle View Post
My Oga, leave them! We saw this [ad]venture on this forum in 2010 when they proposed it but people don't know what they are into(in terms of capital raising exercise). Deepwater is riskier than land/swamp. The safety at sea is something else. Safety is of the highest priority while operating.

Anyway, they can successfully operate the deepwater by recruiting experienced guys from other fields of the majors by paying them hugely. Maybe $2,000 per day(net of tax) will be ok for me.
Quote:
Originally Posted by cecemontero View Post
My bros, the experienced hands in the other majors will not take 2k cos some 2nd and 3rd tier expats (eastern Europeans, indians, fillipinos, etc)that i know, take like 3k/day net.
Quote:
Originally Posted by wanaj0 View Post
I can provide experienced hands for $1k per day. Happy to support OandO.

Of more importance will be the rig rates, vessel rates etc. Imagine having a rig with a rate of $800k per day on standby waiting for materials! Losing that amount just because of inefficiency.
Quote:
Originally Posted by Oracle View Post
Google???? All I go do na to enter their office!:D
Hispy99 see money!
I want to be like bras oracle, cece and wanaj0 when I grow up
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  #2880 (permalink)  
Old 22nd February 2013, 06:55 PM
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Default Re: oando

Quote:
Originally Posted by waaan5 View Post
Hispy99 see money!
I want to be like bras oracle, cece and wanaj0 when I grow up
oga mi, I see o...and yet Oracle go dey claim NRC!
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