The publication cited Alakija’s 60 percent stake in OML 127, using comparators to justify its argument. According to Ventures Africa “In July 2012, Royal Dutch Shell agreed to sell its 45 percent stake in OML 30 for $850 million to Heritage Oil and Shoreline Energy.
According to Fool.co.uk, OML 30 currently produces 35,000 barrels of oil per day.
So, if 45 percent of a 35,000 bpd-producing oil bloc is $850 million, 100 percent of the same bloc = $1.88 billion i.e 100/45 x $850 million
If a 100 percent stake in a 35,000 bpd-producing oil bloc is $1.88 billion, by the same logic, a 100 percent stake in 200,000 bpd-producing oil bloc is worth $10.74 billion i.e 200,000 bpd/35,000 bpd X $1.88 billion
Folorunsho Alakija’s 60 percent stake in a $10.74 billion oil well is worth $6.44 billion.
Technically, her 60 percent stake in OML 127 is worth $6.44 billion.
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