An In-depth and comprehensive deconstruction of Nigerian oil bloc owners by Segun Adeniyi
Former Presidential media aide and Reuben Abati predecessor Mr Olusegun Adeniyi,in this exhaustive but nevertheless detailed expousal attempts to unveil and thoroughly explain the inner workings of the Nigerian oil industry,the main players chronicling names of Nigerian who is who and how the various groups of oil cabals operate,please read the complete article replicated on this site after the cut….
Alfred James Petroleum, granted OPL 302 for ten years on June 26, 1991 has as directors Adewunmi Sijuade, Goke Sijuade, Adedeji Sijuade, Olayinka Sijuade, Adeyemi Osiyemi and Femisola Awosika with A. O. Adeyinka as chairman. Solgas Nigeria Limited, granted OPL 226 for five years on February 27, 1991 has as directors Oscar P. Udoji, P.E Udoji, E.E. Nwosu with J.O. Udoji as chairman. NorthEast Petroleum, granted OPL 215, 840 and 902 on October 21, 1991 for ten years has as directors Kommer Complex Limited, Nwokema, Ngozi Mbu, Abubakar Jubril and Ashiru B. Aliu, A. Ayankoya with Saleh Jambo as chairman.
Optimum Petroleum granted OPL 310 for ten years on February 3, 1992 has as directors R.D. Adelu, Yusuf N’jie and O.A. Aremu with Ibrahim Bunu as chairman. Sunlink Petroleum, granted OPL 238 for five years and OPL 311 for ten years both on January 21, 1993 has as directors Olaniyi Olumide, Hayford Alile, Samuel Bolarinde, Richard Adelu, Martin Olisa, John Brunner and Emmanuel Ojei. Express Petroleum, granted OPL 108 and 227 for 20 years on November 1, 1995, has as directors Ahmadu Rufai Dantata, Tajudeen Dantata, Dalhatu Gwarzo, Lawan Omar with Aminu Alhassan Dantata as chairman. Dubri Oil Co. Nig Ltd, granted OPL 96 for 20 years on August 6, 1987 has as directors B.N. Itsueli, C.A Itsueli, O.O. Itsueli, A.E. Ihuegbu with U.J Itsueli as chairman. Amni International Petroleum, granted OPL 112 and 117 for 20 years on February 2, 1998 and August 2, 1999 respectively, has as directors E.C. Edozien, Tunde Afolabi with Sani Bello as chairman. Atlas Petroleum International Nigeria Limited, granted OPL 109 for 20 years on May 25, 1996 has as directors Umaru Ndanusa, Ikechukwu Joseph, Mohammadu Murtala with Arthur Eze as chairman. Consolidated Oil, granted OPL 103 on June 2, 1993 for 20 years and OPL 458 and 136 for five years in 1998 and 2006 respectively, has as directors O. Adenuga and Ebi Omatsola with Mike Adenuga as chairman. Oriental Energy Resources granted OPL 115 for 20 years on May 5, 1999, has as directors Usman Danburan, Jubrilla Mohammed Indimi with the senior Mohammed Indimi as chairman.
Cavendish Petroleum Nigeria Limited granted OPL 110 for 20 years on August 7, 1996, has as director Gambo Gubio with Mai Deribe as chairman. Allied Energy Resources Nigeria Limited granted OPL 120 and 121 on February 27, 2001 has Mickey Lawal as a director with Kase Lawal as chairman. Peak Petr granted OPL 122 on May 17, 2001 for 20 years, has as directors Adekunle Olumide, W. Bolaji, Florence D. Oluokun and Ayodeji Oluokun with M. A. Oluokun as chairman. Summit Oil Nigeria Limited granted OPL 205 and 206 on September 2, 1990 for 20 years, has as directors L.K.O Abiola and Radio Communications Nig Ltd with M.K.O Abiola as chairman. Crownwell Petr Limited granted OPL 305 and 306 in August 1993 for 10 years has S. K Adejumo as director with Sagir Kumashi as chairman. Famfa Oil Limited granted OPL 216 (OML 127) for ten years in August 1993 has as director Folorunsho Alakija with Modupe Alakija as chairman. MoniPulo ganted OPL 114, 239, 234 and 231 for 20 years in 1999, 2008, 2008 and 2007 respectively has as Director F.A. Agama with O. B. Lulu-Briggs as chairman. Yinka Folawiyo Petroleum Company, granted OPL 113 for 20 years on June 11, 1998, has as directors S. T. Folawiyo, T.B Folawiyo with W. I. Folawiyo as chairman. Zebbra Energy Limited granted OPL 248 for 20 years on April 4, 2004 has as directors S.A. Okolo, Boni Madubunyi, Zimako O. Zimako with A.B.C. Orijako as chairman. Oil and Gas Limited granted OPL 249 and 140 for 10 years on May 5, 2003 and 2006 respectively has as director M.O Idrisu with Reggie Uduhim as chairman. Continental Oil and Gas Limited granted OPL 59 for 30 years on June 6, 1998, has as directors Agbolade Paddy, Subair Shefiu with Mike Adenuga as chairman. Emerald Energy Resources Limited granted OML 141 on August 10, 2001 for five years has as directors J.O Amaefule, P. L. Caldwell, A.C Uzoigwe, Amos NUR, C. N. Chieri, Femi Akingbe, F. A, Njoku with Emmanuel Egbogah as chairman. OrantoPetr Limited granted OPL 320 March 2002 for 10 years has Arthur Eze as chairman. Dajo Oil Limited granted OPL 320 for 20 years on March 23, 2004, has as directors R.B. Domingo, M.O Domingo, UR. Domingo with Domingo Obande as chairman. Malabu, granted OPL 245 has Dan Etete as chairman. Orient Energy granted OPL 915 and 916 has N. Nwawka as director and Emeka Anyaoku as chairman. Sahara Energy Exploration granted OPL 284, 228 and 332 in 2005 and 2006 has Buba Lawal, Cole Tonye and Odunsi Ade as directors. Enageed Resources Limited granted OPL 274 in 2007 has Buba Lawal, Cole Tonye and Odunsi Ade as directors.
Before I throw in a few words on the foregoing, it is important to reveal also who the License Shareholders in our Marginal fields are: Niger Delta company was granted the Ogbele field (OML 54) in 1999 with Aret Adams, Uduimo Itsueli, Sammy Olagbaju, David Richard, Udi Ibru and Fatona Layi as shareholders. Prime Petroleum Limited and Suffolk Petroleum Limited (in ratio 51/49) have Asaramaroru field (OML 11) granted in 2003 with MacPepple Henry, Macpepple Joy, Macpepple Emmanuel, Macpepple Elfrida and Macpepple Victoria as shareholders. Oriental Energy has Owok field (OML 67) granted in 2006 with Alhaji Indimi and Usman Danburran as shareholders. The same company also has Ebok field awarded in 2007. Universal Energy has Stubb Creek field (OML 13/14) with Amana Nkoyo, Mianaekere Nelson, Abubakar Hayatu, Mboho Emmanuel, Ekpo Akpan, Inyang Etim (Akwa Ibom govt) awarded in 2003. Uerafric Energy Limited has Dawes Island field (OML 54), granted in 2003 with Onoh Anthony, Onoh Christiana, Onoh Ngozi, George Udoekong and Nwauche Erastus as shareholders. Pillar Oil Limited has Umusati/Igbuku field (OMOL 56) since 2003 with Onosode G. O., Fadahunsi O., Amakiri J. Hassan-Katsina Usman, Tonwe Basife, Obaseki Godwin, Akpoyomare Ambrose, Fisher Abayomi, Anaekwena Anthony, Avuru Spencer, Onosode Spencer and Hassan-Katsina Babangida as shareholders. Bayelsa Oil Company Limited has Atala field (OML 46) with Bayelsa Government, Brigidi David, Alamieyesheiga Anitonbrapa, Ifimain Ekine, Jonathan Selereipre, Enddeley Francis, Chitwetelu Chris, Williams E. J and Aliyu Abubakar as shareholders. Movideo E & P has Ekeh field (OML 88) with Idau Sadiq, Jacobs Kayode, Enahoro Victor, Mohammed Aishatu, Tuggar Yusuf, Okwuaive Iyabo, and Sadare Roymand as shareholders. Bicta Energy has Ogedeh field (OML 90) with Adesemowo G. A, Bashir MM, Onumodu Soye, Akinro C. A, Malherbe T and Umejei T as shareholders. Guarantee Petroleum and Owena Oil and Gas have Ororo field, (OML 95) in ratio 55/45 with 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 Mofiso, Ebiseni Sola, Oladunni Solomon, Agoi-George Segun, Akinruntan F.E, Hassan AlGazali, Eburajolo Victor and S.A Ajayi as shareholders. Platform Petroleum Limited has Egboma field (OML 38) with Edmund Daukoru, Avuru Austin, Amachi Moshe, Adegoke Oluwafeyisola, Addo-Bayero Nasir and Ewendu Chidi as shareholders.
Sogenal Limited has Akepo field (OML 90) with Funso Lawal, Joda Abubakar, Harriman Hope, Odu Bunmi, Edohoeket Samuel, Yahaya Mohammed, Dada Nicholas and Yelllowe Kenneth as shareholders. Chorus Energy has Amoji field (OML 56) with Akerele Chris, Mamman Samaila, Ihetu G. S. Braide Kombo, Banks Nigel, Clubb James, Uhuegbulem Ben and Baba Gana Abba as shareholders. Millennium Oil and Gas has Oza field (OML 11) with Alli Chris, Maseli John, Karra Sastry, Shama Yogi, Igweze Emeka and Bashir Farouk as shareholders. Brittania U-Nigeria has Ajapa field (OML 90) with 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 and Ikpele A. O. Network E & P has Qua Ibo field (OML 13) with Ajose Adeogun Ladi, Adesomoju Akin, Alex-Duduyemi Oyekunle, Adewusi Adebowale, Ifode Yeletide, Gusau Ismaila Musa, John Etop and Olagbede Olufemi as shareholders. Waltersmith Petroman and Morris Petroleum have Ibigwe field (OML 16) in ratio 70/30 with Isa Abdulrasak, Saleh Danjuma, Utomvie Nyingi, Ita Princess, Okoli Ndubuisi, Kakpovie Anthony, Okpala Eugene, Idrisu Mammudu, Idrisu Lawal, Isokrari Ombo, Nzeakor Nick, Abdulsalami Abdul and Nwabudo Ignatius as shareholders. Midwesterm Oil and Gas and Suntrust Oil Company have the Umsadege field (OML 56) in ratio 70/30 with Igbokwe Ken, Afejuku Anthony, Daultry Akpeki, 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 as directors. Independent Energy Limited has Ofa field (OML 30) with Ikelionwu Emeka, Ohunmwangho Steve, Yar’Adua Murtala, Okudu Anthony, Bello Shamsudeen, Obaoye Michael and Monanuma Said as shareholders. Del Sigma has KE field (OML 55) with Amachree Sokeiprim, Ungbuku K.D., Bakut J.I and Chaff Kabiru as shareholders. Associated Oil and Gas and Dansaki Petroleum Unlimited have Tom Shot Bank field (OML 14) in ratio 51/49 with Machunga Laraba, Gwadah Bitrus, Balat Isaiah, Uzor Azuka, Ibok Udo, Uzoechi Isaac, Kadiri Samuel, Afolabi Aderenle and Aina Yinka as shareholders. Frontier Oil Limited has Uquo field (OML 13) with Dada Thomas, Lolomari Odoliyi, Kolade Victor, Yisa Solomon, Nwasikeobi, Alechenu Emmanuel and Bello Falalu as shareholders. Energia Limited and Oando Production and Development Limited have Ebendo/Obodeti field (OML 56) in ratio 55/45 with Horsfall A. U, Aribeana Stephen, Shawley Coker, Bello Lawal, Ene Emeka, Afolabi Ade, Coker Sam, Esiri Albert, Dibiaezue Ifeoma, Hammed Charles, Macgregor Olushola and OANDO as shareholders. Goland Petroleum Development Company has Oriri field (OML 88) with Kingsley Ngelale, Mogaji Gambo, Slako Johnson and Anthony Dotimi as shareholders. Excel Exploration and Production has Eremor field (OML 46) with Abiodun Awosika as shareholder. Sahara Energy and African Oil and Gas Limited have Tsekelewu field (OML 40) in ratio 70/30 with Baba Lawal, Cole Tonye, Odunsi Ade, Adeniji Titi, Akinla Ladipo, Bentley John, Ciroma Musa, Odili Obi F. and Du-Frayer Trevor as shareholders. Green Energy International Limited has Otakikpo field with A. A. Olojede as shareholder while All Grace Energy granted Ubima field (OML 46) has Adeola Adenikinju and Sola Alabi as shareholders.
It is noteworthy that some players register different companies for different acreages, sometimes also with different sets of shareholders. But in terms of operations, it stands to reason that some of these licenses may have expired, been cancelled or are even never operated at all. Also, it is obvious that some of the listed shareholders of these companies are now deceased. Beside all these, that someone is chairman of a company doesn’t make him the biggest shareholder. The case of AMNI credited to former Kano military governor of Kano State, Col. Sani Bello (rtd), is a case in point. “The fact that I am the chairman does not mean I own AMNI. I don’t even have up to 20 percent in the company”, he said. Now, before anybody accuses me of leaving out some big players let us not forget Atiku Abubakar, whose stakes in INTELs rake in substantial returns for him; Jide Omokore’s multimillion Dollar Atlantic Energy’s “Strategic Alliance Agreement” and Phillip Iheanacho’s Seven Energy etc. These fall within a different category of those who may not be direct field owners yet make stupendous money from the sector. “Oil acreage ownership in Nigeria does not have ethnic colouration
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