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Nigerian, Africa’s Youngest Billionaire, Igho Sanomi To Buy Shell Oil Mining License For $2.5B

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Nigerian, Africa’s Youngest Billionaire, Igho Sanomi To Buy Shell Oil Mining License For $2.5B

igho sanomi buy shell

Oct 12, 2014 – Nigerian, Africa’s Youngest Billionaire, Igho Sanomi To Buy Shell Oil Mining License For $2.5 Billion

The youngest Billionaire in Africa, a 39-year-old Nigerian man Igho Sanomi  is set to step up the ladder of success once again.

The CEO of Taleveras is set to acquire a $2.5 billion Oil Mining License 29 from Oil giant Royal Dutch Shell.

According to Forbes Magazine, Shell had been looking to divest from four of its onshore Nigerian assets since last year – OMLs 18, 24, 25 and 29, as well as the Nembe Creek Trunk line, a 60-mile aging pipeline which has served as Nigeria’s major crude oil transportation channel- moving oil through the Niger Delta to the Atlantic coast, but which has been beleaguered by leaks stemming from oil theft for many years.

Taleveras will be getting a sweet deal. Of all the assets, Shell put up for auction, OML 29 was the most coveted.

The Africa Oil & Gas Report magazine reports that OML 29’s remaining reserves (P1+P2) are about 2.2Billion barrels of oil equivalent (BOE), while its hydrocarbon fields could deliver as much as 160,000 barrels of oil per day and 300MMscf/d at peak, with focused, aggressive work programme. The Nembe Creek Trunk Line is also an extremely valuable asset as many other oil exploration companies in Nigeria pay to use it to transport their oil to international markets.

Taleveras Group is an oil trading company founded by Nigerian Billionaire Igho Sanomi in 2004 at age 29.

10 Comments

10 Comments

  1. Cardinal Chima

    October 12, 2014 at 4:24 AM

    Sir I thank God for you nd pray that you will keep it up.pls sir remember to carry me along.thanks

  2. T

    October 12, 2014 at 4:44 AM

    Don’t finish buying everything cause I’m still going to buy mine.

  3. Prophet Gbenga Rotimi"KINI IWO NFE"

    October 12, 2014 at 8:17 AM

    May the Lord grant you peace and long life to enjoy the wealth in Jesus name(AMEN).
    *08038433483#

  4. Adebayo Tajudeen

    October 12, 2014 at 12:11 PM

    It is my turn now,God please answer my prayer before December……AMEN

  5. joe

    October 12, 2014 at 12:14 PM

    I have a dream to be rich like u in Jesus name

  6. Jamoon definition

    October 12, 2014 at 3:53 PM

    Yes every hardworking guy can get to d rooftop.

  7. Nwokpor

    October 12, 2014 at 7:37 PM

    Who on earth will ever say Nigerian economy is not booming and buoyant. Judging from d realities of who is richer in Africa as well as occupying significant positions in the world of networths and what have you.Nigeria has d highest Forbes in Africa both as in richest man, woman and now d Youth billionaire in Afrika to buy oil share from Shell, worth $2.5b, marvellous! However, our economic boom is what our common majority are longing that it becomes effective in everybody’s pocket one day. There and then, every haves and have nots, small and mighties of this nation will be proud of our proclaimed GDP and Forbes:-)

  8. uncle k

    October 12, 2014 at 9:46 PM

    May the lord God grant you more wisdom to retain your wealth and long life to enjoy it in Jesus Name.

  9. tunjisk@sam

    October 13, 2014 at 12:28 PM

    my own time is on The Way’ i we be the fist youngst billioneire in The Word by god grace) say ur own

  10. Irek Daniel

    October 13, 2014 at 10:01 PM

    That is what we refer to as human resource potency. More power to your elbows eminient Nigerian. Oh,lord place me too.

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