{"id":359683,"date":"2011-04-01T23:00:00","date_gmt":"2011-04-01T23:00:00","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/04\/01\/emeka-offor%e2%80%99s-starcrest-clinches-shell%e2%80%99s-oil-block\/"},"modified":"2011-04-01T23:00:00","modified_gmt":"2011-04-01T23:00:00","slug":"emeka-offors-starcrest-clinches-shells-oil-block","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/04\/01\/emeka-offors-starcrest-clinches-shells-oil-block\/","title":{"rendered":"Emeka Offor\u2019s Starcrest clinches Shell\u2019s oil block"},"content":{"rendered":"<div readability=\"52\">\n<p><span>After a keen bidding, Elcrest Exploration and Production, a consortium comprising of UK-based Eland Oil and Gas and Starcrest Nigeria Energy, a subsidiary of Chrome Group, an indigenous oil firm, has been chosen as the preferred bidder for Shell\u2019s oil block in oil mining lease (OML) 40 located in the Northwest of Niger Delta.<\/span><\/p>\n<p><span>Although the cost of the transaction was not revealed by Shell and the consortium, it was gathered that the latter upped its bid from the initial $147 million to $154 million.<\/span><\/p>\n<p><span>The deal, which was sealed last Thursday, has ceded 45 percent equity in the oil licence in which Shell holds 30 per cent, Total 10 per cent and Agip (Eni) five percent, to the consortium. The remaining 55 per cent equity is held by the Nigerian National Petroleum Corporation (NNPC).<\/span><\/p>\n<\/div>\n<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0dff754fthumbnail.php_7.jpg\" \/><\/p>\n<p>Read the original:<br \/>\n<a target=\"_blank\" href=\"http:\/\/thenationonlineng.net\/web3\/news\/32507.html\" title=\"Emeka Offor\u2019s Starcrest clinches Shell\u2019s oil block\" rel=\"noopener noreferrer\">Emeka Offor\u2019s Starcrest clinches Shell\u2019s oil block<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> After a keen bidding, Elcrest Exploration and Production, a consortium comprising of UK-based Eland Oil and Gas and Starcrest Nigeria Energy, a subsidiary of Chrome Group, an indigenous oil firm, has been chosen as the preferred bidder for Shell\u2019s oil block in oil mining lease (OML) 40 located in the Northwest of Niger Delta. Although the cost of the transaction was not revealed by Shell and the consortium, it was gathered that the latter upped its bid from the initial $147 million to $154 million. The deal, which was sealed last Thursday, has ceded 45 percent equity in the oil licence in which Shell holds 30 per cent, Total 10 per cent and Agip (Eni) five percent, to the consortium. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-359683","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Emeka Offor\u2019s Starcrest clinches Shell\u2019s oil block - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/04\/01\/emeka-offors-starcrest-clinches-shells-oil-block\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Emeka Offor\u2019s Starcrest clinches Shell\u2019s oil block - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"After a keen bidding, Elcrest Exploration and Production, a consortium comprising of UK-based Eland Oil and Gas and Starcrest Nigeria Energy, a subsidiary of Chrome Group, an indigenous oil firm, has been chosen as the preferred bidder for Shell\u2019s oil block in oil mining lease (OML) 40 located in the Northwest of Niger Delta. Although the cost of the transaction was not revealed by Shell and the consortium, it was gathered that the latter upped its bid from the initial $147 million to $154 million. The deal, which was sealed last Thursday, has ceded 45 percent equity in the oil licence in which Shell holds 30 per cent, Total 10 per cent and Agip (Eni) five percent, to the consortium.\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0dff754fthumbnail.php_7.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/emeka-offors-starcrest-clinches-shells-oil-block\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/emeka-offors-starcrest-clinches-shells-oil-block\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Emeka Offor\u2019s Starcrest clinches Shell\u2019s oil block\",\"datePublished\":\"2011-04-01T23:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/emeka-offors-starcrest-clinches-shells-oil-block\/\"},\"wordCount\":150,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/emeka-offors-starcrest-clinches-shells-oil-block\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0dff754fthumbnail.php_7.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/04\/01\/emeka-offors-starcrest-clinches-shells-oil-block\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/emeka-offors-starcrest-clinches-shells-oil-block\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/emeka-offors-starcrest-clinches-shells-oil-block\/\",\"name\":\"Emeka Offor\u2019s Starcrest clinches Shell\u2019s oil block - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/emeka-offors-starcrest-clinches-shells-oil-block\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/emeka-offors-starcrest-clinches-shells-oil-block\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0dff754fthumbnail.php_7.jpg\",\"datePublished\":\"2011-04-01T23:00:00+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/04\/01\/emeka-offors-starcrest-clinches-shells-oil-block\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/01\/emeka-offors-starcrest-clinches-shells-oil-block\/#primaryimage\",\"url\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0dff754fthumbnail.php_7.jpg\",\"contentUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/0dff754fthumbnail.php_7.jpg\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Emeka Offor\u2019s Starcrest clinches Shell\u2019s oil block - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/04\/01\/emeka-offors-starcrest-clinches-shells-oil-block\/","twitter_card":"summary_large_image","twitter_title":"Emeka Offor\u2019s Starcrest clinches Shell\u2019s oil block - Ghanamma.com","twitter_description":"After a keen bidding, Elcrest Exploration and Production, a consortium comprising of UK-based Eland Oil and Gas and Starcrest Nigeria Energy, a subsidiary of Chrome Group, an indigenous oil firm, has been chosen as the preferred bidder for Shell\u2019s oil block in oil mining lease (OML) 40 located in the Northwest of Niger Delta. 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