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Secret Oil Block Allocations Revealed

6th July, 2012

hexgear

Whilst the general public continues to expect the long-awaited announcement of the next marginal field bid round, which has been “imminent” for most of this year, the Federal Government has been making some discreet discretionary allocations. Among those that have reportedly benefited from these non-competitive allocations is Green Energy which was awarded Otakikpo field in OML 11 and All Grace Energy which won the Ubima Creek field in OML 17. It has been widely reported that Senator Iyabo Obasanjo-Bello is the majority shareholder in All Grace Energy. She is the daughter of the former Nigerian President, Olusegun Obasanjo, under whose presidency such discretionary allocations were rife.

Asset: Ubima Source: http://www.nigeriaoilandgasint...

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