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INVESTMENT OPPORTUNITIES IN OIL AND GAS GAS DEVELOPMENT:- NIGERIA IS MORE THAN GAS PROVINCE THAN OIL ONE. NATURAL GAS DEPORSITE OUT WEIGHT OIL BY FAR. NIGERIA HAS AN ESTIMATED 120 TRILLION CUBIC FEET OF NIGERIA , ABOUT THREE TIMES THE SIZE OF OIL RESVES 22BILLION . SO , SIR WE ARE CALLING ON YOUR COMPANY TO COME TAKE ADVANTAGE OF THIS OPPORTUNITY. WE CALL ON YOU TO COME INVEST AND SET UP GAS DEVELOPING COMPANY . LICENCE WILL BE GIVE TO YOU WITH FEEL GOVERNMENT SUPPORT. DOWN STREAM MILLIONS OF TONS OF PETROL IS BEEN CONSUMED IN NIGERIA MORE THAN 2.3 MILLION METRIC TONS. DUE TO THAT THERE IS NO OIL COMPANY TO PRODUCES ENOUGH AND SUPPY THE PRODUCTS . THER IS EXCESS DEMAND IS BEEN SMUGGLED OUT INTO NEIGHBOURING ECOWAS STATES. THIS WAY THE DOWN STREAM SECTOR OF THE OIL INDUSTRY HAVE BEEN OPEN FOR PRIVATE COMPANY TO DRILL GRANTING THEM LICENCE. NNPC IS ADVOCATING FOR OIL COMPANY TO COME INVEST AND BUILD THEIR OWN PRODUCTION COMPANY HERE AND SUPPY MORE PRODUCTS. PIPELINE THE OIL PIPELINE MAKES PROVSION FOR LICENCE TO BE GRANTED FOR THE ESTABLISHMENT AND MAINTANACE OF PIPELINE INCIDETAL AND SUPPLEMENTAL OF OIL FIELD AND OIL MINIGAND FOR PURPOSES ANCILLARY TO SUCH PIPELINE . AMONG OTHER THINGS THAT WILL GIVEN TO PIPELINE COMPANYS ARE CONTRACTS,OBILGATIONS OF HOLDER OF A LICENCE, PAYMENT OF SURUEY FEES AND OTHER MISCELLANEOUS MATTER. PETROLEUM PRODUCTION THE FOLLOWING LEGISTATION RELATE TO THE PRODUCTION OF PETROLEUM :- WE ARE CALLING ON YOUR COMPANY TO COME EXPORE THE PRODUCT OF PETROLEUM IN NIGERIA. IT PROVIDE FOR THE GRANTING OF OIL EXPLORATION LICENCE, OIL PROSPECTING LICENCE AND OIL MINING LEASES AND LICENCE TO CONSTRUCT AND OPERATE REFINERIES BY THE MINISER OF PETROLEUM RESOURCES. DEAR SIR, WE CALL UPNO YOUR COMPANY TO COME AND INVEST AND SET UP YOUR OWN PETROLEUM PRODUCTION COMPANY AND OPERATE YOUR OWN REFINERIES. PETROLEUM (DRILL AND PRODUCTIN) THE RATE TO THE EXPOLRATION LICENCES, OIL PROSPECTING AND OIL MINING LEASE. IT PROVIDES FOR THE LICENCE AND THE RIGHT AND POWER OF HOLDERS IT ALSO PROVIDES FOR THE OBLIGATIONS OF LEASE AND LICENCE. OTHER RELAE TO COMMENTCEMENT OF EXPOLRATION AND DRILL FIELD DEVELOPMENT, ACCOUNT AND RECORDS, FEES, RENT.

OIL EXPLORATION LICENCE (OEL)

LOOKING AT THIS FIELD NIGERIA HAS ABANDANT OIL AND GAS , BUT THERE IS NO COMPANYS TO EXPLORE THIS AREAS. A NON EXCLUSIVE LICENCE AND LIMITED PERIOD AND THE REGULATION OF AN OEL IS 5,000 SQ. MILES {12,959 . SQ ]OIL PROSPECTING LICENCE {OPL] THIS CONFER EXCLUSIVE RIGHT OF SURFACE AND SUBSURFACE EXPLORATION FOR PETROLEUM IN AN AREA NOT MORE THAN 2,590 SQ. KM. {100 SQ MILES} IN SIZE FOR AN INTIAL PERIOD OF THREE YEARS WITH AN OPTION OF TWO YEARS . THE HOLDER HAVE A RIGHT OF PETROLEUM WON DURING PROSPECTING OPERATIONS. OIL MINING {OML} THIS GRANT EXCULSIVE RIGHT TO EXPLORE, WIN,PRODUCE,TRANSPOT AND CARRY AWAY PETROLEUM FROM LEASE AREA. THE SIZE OF AN OML AS STIPULATED IN THE REGULATIONS IS 1,295 SQ. KM {500SQ . MILES} AND THIS SPECIFIED DURATION IS 20 YEARS WHILE ONLY THE HOLDER OF AN OPL IS ENTITLED TO APPLY FOR OML.